Domestic Mg Market Appears Flat
14/03/23 | Magnesium
Asian Metal News Mainstream magnesium prices are currently stable at RMB 20,400~20,700/t ex-works by cash, remaining unchanged from last Thursday. In view of continued sluggish demand, transactions were few this week. A northern smelter is quoting at RMB 20,500/t ex-works by cash but concluded no deals this week. The smelter…
XTC: Review of Recent Projects
13/03/23 | Tungsten
XTC Company News XTC’s Youmapo tungsten and molybdenum mining project construction is scheduled for completion in H2 2026, and annual production of tungsten concentrate is expected at 3,200 standard tonnes once fully operational. XTC Xiamen Jinlu: The production line of 10 mln indexable blades per annum is now operational and…
Zhangyuan W: Smart Ultra-high Performance W Powder Project on Trial Operation
13/03/23 | Tungsten
Finance News Zhangyuan W: The “Smart ultra-high performance tungsten powder project” (powder project Phase III) was running trial operations at end-2022. Any future expansion will be dependent on market demand. The company is now retrofitting tungsten powder project phase I and II, aiming for quality improvement and cost reduction per…
LoMo and Billions: TiO2 Pigment Sales Close to 120 kt in Feb.
08/03/23
Shanghai Nonferrous Metals News LoMo and Billions made sales of 120 kt of TiO2 pigment in February 2023, hitting a new high point, of which about 55% is for export. After the acquisition of Fengyuan Co. Ltd., the company currently has titanium concentrate production of 150 kt per month and…
Mg Exports Slow, Prices Fall
07/03/23 | Magnesium
Asian Metal News 7th March: Mainstream magnesium export prices fell to USD 3,080~3,130/t FOB China with taxes, down by USD 30/t from last Thursday and down by USD 130/t from last Monday, a result of sluggish global demand. In view of continuing weak demand and fierce competition among sellers, industry…
Domestic Mg Prices Fall
01/03/23 | Magnesium
Asian Metal News Mainstream magnesium price fell by RMB 100/t from last Thursday to RMB 21,200~21,500/t this week. The market appeared flat and buyers were cautious. Industry commentators forecast magnesium prices to continue weak in view of lackluster demand and strong sales interests of venders. A northern magnesium smelter cut…
Domestic Mg Prices Rebound
24/02/23 | Magnesium
Shanghai Nonferrous Metals News 23rd February: Domestic magnesium prices in Fugu Shaanxi have stopped falling and rebounded to RMB 21,200/t level, with some high-level quotes at RMB 21,500/t. The rapid rise in prices can be attributed to shrinking coal supply caused by safety checks at open-pit coal mines in Inner…
LoMo and Billions: 50 ktpy of Ti Sponge Capacity by end-2022
22/02/23
Shanghai Nonferrous Metals News LoMo and Billions Group had 50 ktpy of titanium sponge capacity by end-2022, capable of producing more than 4 kt of titian sponge per month, making it a leading producer. By end-2023, the company’s rotor-level sponge titanium technology upgrade project (Phase II, 15 ktpy) at Jinchang,…
Domestic Mg Prices Slide
22/02/23 | Magnesium
China Nonferrous Metals News As of 17th February, mainstream magnesium prices were being quoted at RMB 21,100~21,200/t ex-works by cash with taxes in Fugu Shaanxi, while mainstream transactions prices were RMB 21,000~21,100/t, down by RMB 700/t from a week ago, and down by RMB 1,000/t from the highest point after…