This market resolves YES if China has active, formal MOFCOM export controls (licensing requirements, quotas, or bans) on zirconium oxychloride (ZOC, ZrOCl2; HS 2827.39 or 2825.60) that are in force on December 31, 2027.

YES if:

• MOFCOM export licensing requirements for ZOC are in active effect on Dec 31, 2027

• Export quotas or bans targeting ZOC (HS 2827.39) are in force on the settlement date

• Any Chinese government restriction materially curtailing ZOC exports is in force

NO if:

• No formal MOFCOM export controls on ZOC are in force on December 31, 2027

• Controls were announced but suspended or reversed before the settlement date

Resolution sources (priority order):

1. China Ministry of Commerce (MOFCOM) export control gazette (mofcom.gov.cn)

2. China State Council or NDRC announcements on critical mineral export controls

3. Reuters, Bloomberg, Financial Times reporting on Chinese chemical export controls