Luliang Feimei Al to Resume Aa Operations
03/09/19 | Alumina
Asian Metal News Xinfa Feimei Aluminium Co. Ltd. at Luliang Shanxi plans to resume production of alumina on 15th September 2019, having previously suspended operations due to a red-mud leak in mid-May. Feimei Aluminium, designed with 2.8 mtpy alumina capacity, has four 700 ktpy production lines. The company’s 2019 output…
Domestic Mo Prices Remain Stable
03/09/19 | Molybdenum
China Commodity Marketplace The domestic molybdenum concentrate market remained stable at a high level during August. At the beginning of the month, domestic molybdenum concentrate prices lifted to a new eight-year high, following a large Heilongjiang miner increasing its sales prices. As a result, molybdenum prices in other producing regions…
W Prices Expected to Rebound on Tightening Supply
03/09/19 | Tungsten
Shanghai Nonferrous Metals News After domestic tungsten smelters began to cut operations at end-June, supply of tungsten raw materials and products has tightened, gradually stabilizing tungsten prices. The pace of de-stocking at some tungsten smelters has increased, and several have tentatively increased their quotation prices. In early August, Qiu Wanyi,…
Indonesia to Resume Ban on Raw Ore Exports
03/09/19 | Nickel
Shanghai Nonferrous Metals News SMM: The Ministry of Energy and Mineral Resources of Indonesia (ESDM), has revealed that Indonesia will resume its ban on exporting nickel laterite under grade 1.7% Ni, by end-December 2019. SMM verified the news with many nickel laterite traders and local Indonesian nickel laterite miners, confirming…
New NPI Capacity Slow to Come Online
30/08/19 | Nickel
China Nonferrous Metals News The commencement schedule of new NPI capacity at Naman in IM is to be postponed to Q4 2019. Recently, one NPI production line at the Hengjia NPI project in Indonesia was started up, but other new Indonesian NPI projects have been slow to come online. Despite…
Chalco Huarun Phase II at Full Operation
30/08/19 | Aluminium
Asian Metal News Shanxi Chalco Huarun, designed with primary aluminium capacity of 500 ktpy, is running its phase II project (250 ktpy) at full capacity after starting the final 125 ktpy in mid-July. The company has four production lines with 90 sets of 500 kA electrolytic cells on each…
Guizhou Qingzhen: Bx Mining Capacity 5 mtpy
30/08/19 | Bauxite
Asian Metal News Qingzhen Guizhou has 339 mln t of measured bauxite resource reserves with indicated bauxite resources in excess of 500 mln t, accounting for more than 60% of the total in Guizhou and 10.5% of the total in China. The Qingzhen Maochang bauxite mining area (including 7 mine…
Guinea to Increase Electricity Prices
30/08/19 | Bauxite
Ministry of Commerce Local Guinean media company, Guinee 114 reports that Guinea is to increase overall electricity revenue by lifting prices in different sectors, with a maximum increase of 15%. In order to maintain industrial competitiveness, a 5% increase will be applicable to industrial electricity prices, however the date of…
China’s First Resource Tax Law
China Nonferrous Metals News 26th August: China’s first resources tax law is published and will be formally implemented on September 1, 2020. At this time the ‘Provisional Regulations on Resource Tax’ implemented since 1994 will be abolished. The full text of the resource tax law has not yet, been disclosed…