CITIC Securities: Global Mg Demand to Rise to 2.3 mln t in 2030
28/02/24 | Magnesium
Shanghai Nonferrous Metals News The trend of automobile light weighting is expected to result in continued growth of magnesium applications for vehicles. The outlook for magnesium building templates and magnesium-based hydrogen storage is also promising. The current price ratio of magnesium to aluminium has dropped to around 1.1, good for…
Domestic Mg Prices Continue to Slide
26/02/24 | Magnesium
Asian Metal News Domestic magnesium prices have been hovering at low levels recently and were down by RMB 300/t early last week. As of last Friday, mainstream magnesium prices stood at RMB 19,600~20,000/t ex-works in cash, continuing the downward trend. Industry commentators forecast prices to remain stable at low levels…
Domestic W Prices on the Rise
23/02/24 | Tungsten
Asian Metal News Domestic tungsten concentrate prices have been on the rise this week due to tightening supply. Mainstream tungsten concentrate prices (55% WO3) stand at RMB 122,000~123,000/t, up by RMB 1000/t from early this week. Industry insiders forecast domestic tungsten concentrate prices to hold at the current level next…
Domestic Mg Prices at RMB 20,000~20,300/t Last Week
05/02/24 | Magnesium
Asian Metal News Mainstream magnesium prices stood between RMB 20,000~20,300/t ex-works in cash as of 5th February 2024, continuing stable w-o-w. In view of logistics slowing and aims to increase liquidity ahead of the CNY holiday, some smelters concluded pre-sales with delivery dates scheduled after the holiday. A spokesperson for…
Fugu Shengxin Suspends Mg Production
02/02/24 | Magnesium
Asian Metal News Fugu Shengxin magnesium smelter produced 1 kt of magnesium in January 2024, up by 300 t m-o-m. The company suspended magnesium production on 20th January 2024 due to interrupted semi-coke gas supply amid high costs as well as depressed magnesium prices. A company spokesperson said, “We have…
Yulin Shaanxi: 469.7 kt of Primary Mg Production in 2023
02/02/24 | Magnesium
Asian Metal News Yulin, Shaanxi produced 606 mln t of coal, 618.3 kt of primary aluminium, 469.7 kt of primary magnesium, 16.2 kt of polysilicon, 1.14 mln t of ferro alloy, 34.69 mln t of semi-coke, 1.14 mln t of caustic soda and 2.28 mln t of calcium carbide in…
China – 2.92 bln kW of Installed Power Capacity in 2023
29/01/24 | EV
Shanghai Nonferrous Metals News 26th January 2024, NEA (National Energy Administration): By end-December 2023, China’s cumulative installed power generation capacity reached approximately 2.92 billion kilowatts, marking a 13.9% y-o-y increase. Notably, solar power capacity rose to around 610 million kilowatts, up by 55.2%, while wind power capacity reached about 440…
Domestic APT Price Rose Slightly
26/01/24 | Tungsten
Asian Metal News Most APT suppliers raised their prices this week driven by the rising price of tungsten concentrate. Mainstream APT prices are standing at RMB 181,000~182,000/t, up by RMB 500/t w-o-w. Industry insiders forecast domestic APT prices to hold at the current level next week. An APT producer in…
Domestic Mg Prices Rebound Slightly
17/01/24 | Magnesium
Asian Metal News Mainstream magnesium prices increased by RMB 150/t from last Friday to RMB20,200~20,500/t on Tuesday 16th, boosted by increased restocking activities prior to the Chinese New Year holiday which starts from 9thFebruary 2024. A magnesium consumer in northern China bought 62 t of magnesium at RMB 20,050/t last…
