[Ferro-Alloys.com] At present, the Chinese government levies a tax of around 8% on molybdenum ore miners based on their sales volumes, market participants said.

MVC's first quarter molybdenum output also dropped 52% to 125,000lb from 258,000lb in 1Q13.

[Ferro-Alloys.com]According to the Land and Resources Office of Tibet Autonomous Region, from 2011 to 2013, government and social organizations invested RMB3.872 billion in exploring ores.