Large Commodity Deals for Chalco and SPIC
Shanghai Nonferrous Metals News At the second China International Import Expo in Shanghai, Chalco and its member companies signed commodity purchase agreements worth RMB 19 bln with 14 international suppliers for copper concentrates, bauxite and coal -all raw materials needed for Chalco’s production of copper ingot, alumina and primary aluminium.…
Kebo Energy to Develop Bx Project in Guinea
11/11/19 | Bauxite
Ministry of Commerce The Ministry of Mines and Geology of Guinea has reviewed and approved the feasibility study report for a bauxite mining project for Kebo Energy. Kebo Energy has been granted a prospecting certificate for bauxite deposits located across the borders of Gaoual, Telimele and Boke Prefectures in Boke…
Qinghai Baihe to Resume 40 ktpy Primary Al
08/11/19 | Aluminium
Asian Metal News Qinghai Baihe Aluminium, designed with 500 ktpy primary aluminium capacity is set to resume 400 ktpy capacity within a month. According to an inside source, the company will resume 40 ktpy primary aluminium capacity involving 46 sets of 330kA electrolytic cells mid-November and the restart will take…
Domestic Al Inventory Declines by 17 kt
08/11/19 | Aluminium
Shanghai Nonferrous Metals News 7th November: Total domestic aluminium inventory at China’s major store houses dropped by 17 kt from last Thursday to 853 kt. The figure includes 145 kt in Shanghai, 231 kt in Wuxi, 55 kt in Hangzhou, 58 kt in Gongyi, 279 kt in Nanhai, 53 kt…
SMM: 3.01 mln t Primary Al Output Expected in October
08/11/19 | Aluminium
Shanghai Nonferrous Metals News As of end-September, China’s annual operational capacity of primary aluminium was 35.05 mtpy, with 5.25 mtpy under suspension or idle and an overall operational rate of 87%. In the wake of improved aluminium prices during October, several smelters in Gansu and Qinghai began to resume production…
Xinjiang Xinfa Resumes 500 ktpy Al Capacity
08/11/19 | Aluminium
Cnal News Xinjiang Xinfa smelter shutdown 500 ktpy of primary aluminium capacity after a liquid aluminum spill in August 2019. The company is now set to restart this capacity on 15th November before ramping up to full capacity operation by end-December. Xinjiang Xinfa has 1.9 mtpy completed primary aluminium capacity…
Domestic W Prices Fall
07/11/19 | Tungsten
China Commodity Marketplace 6th November: The GTA’s (Ganzhou Tungsten Association) November forecast prices and long-term contract prices of large producers for the first half of November have been published. GTA (Ganzhou Tungsten Association) published its forecast prices for tungsten products in November 2019. The forecast price for wolframite concentrate (55%…
Tiangui Al Using Imported Bx
Asian Metal News Jingxi Tiangui Aluminium, designed with 800 ktpy alumina capacity in Phase I, started to use imported bauxite in October. Guangxi Tiangui started trial operations in late October with its November bauxite consumption expected at approximately 200 kt. According to a company spokesman, ‘Our first shipment of 180…
Domestic Aa Prices Still Weak
07/11/19 | Alumina
Asian Metal News 7th November: Mainstream domestic alumina prices dropped slightly by RMB 10/t from last Friday to RMB 2,560~2,610/t ex-works. Most downstream buyers remain watchful, with limited transitions in the spot market last week. The domestic alumina market is projected to continue weak performance next week with few…