According to an information from India, MMTC is supposed to have commenced from the beginning of new year the adjustment of export license to be issued for export of chrome concentrate from India. The background of this treatment is a large quantity of chrome concentrate already exported from India and, therefore, MMTC has held back to issue export license for chrome concentrate and intended to watch carefully about a further movement of the matter.
The Government of India released in M ay of 2006 a government ordinance and has enforced to channelize the export of chrome concentrate from India to MMTC instead of its free export as done previously. The Indian Government has set up the quota for 400,000 tons per annum of high grade chrome ore ( lumpy ore and friable ore ) to regulate this export but, as regards chrome concentrate which is required to process ( ore-dressing ), the case to export this type of ore was out of the regulations..
In spite of the channelization to MMTC for export of chrome ore, India exported 1,300,000 tons of chrome ore to China in 2006, in order to comply with a remarkable expansion of the demand for chrome ore from China, which had a considerable increase of 33% compared with that ( 975,000 tons ) in the preceding year of 2005. China has to import a further large quantity of chrome ore in 2007 but, in consequence of that Indian side is going to adjust to issue export license for chrome ore, new offer for chrome ore from India is unable to receive and an anxiety for this aspect has been felt at present. |
