Fugu Jinwantong Suspends Mg Smelting
15/05/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter suspended operations on 10th May and has no plan to resume in the short term. The company produced 900 t of magnesium in May, down from 2.8 kt in April. According to an internal source, the company suspended operations in response to the…
Fugu Shaanxi: Plan for Semi-coke Retrofitting
12/05/23 | Magnesium
Asian Metal News 9th May: The local authority of Fugu Shaanxi called a meeting to push forward the implementation of retrofitting semi-coke furnaces. The meeting determined that local magnesium smelters must submit a plan and time schedule for semi-coke furnace retrofitting. All single semi-coke furnaces under 75 ktpy at Fugu…
China Remains the Largest Producer and Consumer of Mo in 2022
10/05/23 | Molybdenum
China Mining News IMOA (International Molybdenum Association): Global consumption of molybdenum was on the rise in 2022, while total global production was in decline. In 2022, China remains the world’s largest producer and consumer of molybdenum with 112.8 kt of production and 122 kt of consumption, up by 12% and…
Domestic Mg Prices Soar
10/05/23 | Magnesium
Asian Metal News Domestic magnesium prices soared rapidly by RMB 3,000/t from last Friday to RMB 26,500~27,000/t on Tuesday led by panic buying after the news on 7th May regarding suspensions of all semi-coke furnaces under 75 ktpy in Fugu Shaanxi from 10th May. Some magnesium smelters were reluctant to…
April Mg Production Surges to 70 kt
10/05/23 | Magnesium
Shanghai Nonferrous Metals News China produced 70 kt of primary magnesium in April 2023, up by 5.3% m-o-m but down by 17% y-o-y; China’s total production during the first four months of 2023 was 269 kt, down by 20% y-o-y. Domestic magnesium prices spiked in April due to the news…
2023 Q1 Report for Two W Producers
28/04/23 | Tungsten
Zhangyuan W and XTC News 24th April, Zhangyuan Tungsten: Zhangyuan Tungsten achieved operating revenues of approximately RMB 823 mln in Q1 2023, down by 5.75% y-o-y. The rapid decline can be attributed to weaker demand, shrinking sales and falling gross profit margins during the reporting period y-o-y. 24th April, XTC:…
Mg Transactions Slow since Wednesday
27/04/23 | Magnesium
Asian Metal News Mainstream magnesium prices lifted by nearly RMB 1,500/t on Monday to RMB 23,500~23,800/t Wednesday. Most buyers tried to complete restocking this week before the Labor Day holiday, but transactions have begun to slow since Wednesday. A northern smelter sold 100 t of magnesium at RMB 23,500/t on…
138.3 kt of Mg Production at Yulin, Shaanxi
27/04/23 | Magnesium
Shanghai Nonferrous Metals News Yulin Shaanxi had a stable beginning to 2023, with Q1 2023 production of primary aluminium at 155.4 kt, primary aluminium at 138.3 kt, polycrystalline silicon at 4.52 kt, ferroalloy at 324 kt and semi-coke at 8.29 mln t.
Domestic Mg Prices Fall
25/04/23 | Magnesium
China Nonferrous Metals News After a price hike led by news of suspensions of semi-coke furnaces two weeks ago, domestic magnesium prices dropped rapidly to RMB 25,000~27,000/t in Fugu Shaanxi last week. This represents a sharp fall of RMB 3,000~5000/t from the high point, however no actual implementation was carried…
