Domestic Mg Prices Fall
25/04/23 | Magnesium
China Nonferrous Metals News After a price hike led by news of suspensions of semi-coke furnaces two weeks ago, domestic magnesium prices dropped rapidly to RMB 25,000~27,000/t in Fugu Shaanxi last week. This represents a sharp fall of RMB 3,000~5000/t from the high point, however no actual implementation was carried…
Tin Ore Imports Rise to 21.93 kt in March
24/04/23 | Tin
Shanghai Nonferrous Metals News China imported 21.93 kt of tin ore in March 2023, up slightly m-o-m, but showing a decline y-o-y. Burma, the largest tin ore supplier to China, exported 16.79 kt to China during the month. An announcement regarding suspension of tin ore mining at Wa State Burma…
Domestic Mg Prices on the Decline
21/04/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell sharply by RMB 1,000/t from last Friday and have been lingering around RMB 26,500~26,800/t this week led by slowing procurement activities and fierce price competition among smelters. Buyers have been cautious with few transactions this week, and in view of weakening demand…
MNR: 2023 First Batch of Production Quotas of W at 63 kt
17/04/23 | Tungsten
SMM News The MNR (Ministry of National Resources) recently published its first batch of tungsten quotas for 2023. The 2023 first round of tungsten mining quotas is 63 kt (converted to 65% WO3), and quotas have been assigned to Jiangxi (23.67 kt), Hunan (15.53 kt), and Henan (7.05 kt), accounting…
China APT Production at 11.7 kt in March
13/04/23 | Tungsten
Shanghai Nonferrous Metals News China produced 11.7 kt of APT in March 2023, up by 6% m-o-m. The rise in production can be attributed to APT smelters returning to normal operations, focusing on delivery of long-term contracts. Domestic APT prices on the spot market slid slightly in March led by…
China Mg Production at 66 kt in March
13/04/23 | Magnesium
Shanghai Nonferrous Metals News China produced 66 kt of magnesium in March 2023, down by 3.8% m-o-m and down by 24% y-o-y. During Q1 2023, China produced 199 kt of magnesium, a sharp fall of 21% y-o-y. Domestic magnesium prices continued to be weak during March driven by sluggish demand,…
LoMo and Billions Raises TiO2 Pigment Prices
12/04/23
Shanghai Nonferrous Metals News LoMo and Billions raised its TiO2 pigment prices (sulfuric process and chlorination process) by RMB 700/t on the domestic market and by USD 100/t on the global market on 11th April. This is the third price increase by the company this year.
Domestic Mg Prices Rebound Slightly
12/04/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices lifted rapidly by RMB 300/t from Monday to RMB 22,000~22,300/t on Tuesday driven by panic buying – caused by worries of supply deficit and vendors’ strong will to shore prices. Industry commentators forecast prices to climb further this week. A northern buyer noted…
MIIT: 2023 First Batch of Production Quotas for REs
11/04/23 | Tungsten
China Nonferrous Metals News 11th April 2023: MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth quotas for 2023. The 2023 first round of rare earth mining quotas is for 120 kt and the smelting quota is 115 kt, increasing from 100.8 kt and 97.2…