Baowu Steel and WCS to Jointly Develop Iron Ore Mine in Guinea
09/10/23 | Iron Ore
Aladdiny 7th October: A signing ceremony between Baowu Steel Group and Winning consortium Simandou (WCS) was held in Shanghai. Under the agreement, Baowu Resources and WCS will work together to develop blocks 1 and 2 of the Simandou iron ore mine in Guinea.
MNR: 2023 Production Quotas for REs and W
09/10/23 | Tungsten
My Steel News 7th October: MNR (Ministry of Natural Resources) published rare earth and tungsten mining quotas for 2023. In 2023, the government will continue to focus on control of rare earths and tungsten mining volumes. The 2023 tungsten mining quotas are 111 kt (converted to 65% WO3). The tungsten production quota…
Domestic APT Prices Remain Stable
28/09/23 | Tungsten
Asian Metal News Mainstream APT prices are standing at RMB 179,500~180,500/t propped by strong tungsten concentrates prices, continuing stable w-o-w. Industry insiders forecast domestic APT prices to remain firm this week backed by production costs. An APT producer in Jiangxi says they sold 30 tonnes of APT at RMB 180,000/t last week…
XTC New Energy: 40ktpy Cathode Material Project in France
27/09/23 | EV
Shanghai Nonferrous Metals News According to an announcement from XTC (Xiamen Tungsten), the company’s holding subsidiary, Xiamen Tungsten New Energy, intends to establish a joint venture in France with Orano CAM, a wholly-owned subsidiary of Orano, through its wholly-owned subsidiary, European Xiamen Tungsten New Energy Materials (referred to as “France…
Yunhai Metal Officially Transforms into Baowu Mg Industry
26/09/23 | Magnesium
Sohu News Nanjing Yunhai Special Metals Co. Ltd. received approval to issue shares to Baosteel Metal Co according to the “Approval for Nanjing Yunhai Special Metals Co., Ltd. to Issue Shares to Specific Parties”. Baosteel Metal presently holds 152,499,155 shares of the company, accounting for 21.53% of the total. The…
Domestic Mg Transactions on the Rise
15/09/23 | Magnesium
Asian Metal News Domestic magnesium prices rebounded to RMB 23,900~24,300/t ex-works by cash on Wednesday, up by RMB 200/t on Tuesday. Magnesium smelters were keen to prop prices and downstream buyers were active this week. A northern smelter received three inquiries and sold 93 t of magnesium at RMB 23,900/t…
Two Mg Smelters in Shenmu Shaanxi Start Maintenance
07/09/23 | Magnesium
Asian Metal News Shenmu Xinqing Magnesium started maintenance on 1st September 2023 and is set to resume operations on 21st September. The company produced 1.6 kt of magnesium in August 2023 and expects 0.6 kt production in September. Meanwhile, Shenmu Dingtai Magnesium started maintenance on 1st September and is set…
Ganzhou W Association Forecast September Prices
06/09/23 | Tungsten
Shanghai Nonferrous Metals News Ganzhou Tungsten Association published the forecast prices for September, with wolframite concentrate (55% WO3) at RMB 118,500/t, APT at RMB 180,500/t, tungsten powder (medium grain) at RMB 276/kg, describing increases of RMB 1,500/t, RMB 3,000/t and RMB 2/kg respectively m-o-m. Zhangyuan Tungsten published the long-term contract…
Domestic Mg Prices on the Rise
06/09/23 | Magnesium
Asian Metal News Domestic magnesium prices rose by RMB 300/t from last Friday and up by RMB 200/t on Monday to RMB 23,000~23,300/t on Wednesday, buoyed by vendors’ strong will to shore prices and on increased transactions. A northern smelter sold 31 t of magnesium at RMB 22,800/t on Monday…
