Ni Laterite Inventory at Chinese Ports Drops to Record Low
17/06/22 | Nickel
Shanghai Nonferrous Metals News As of 10th June, nickel laterite inventory at Chinese ports dropped to 4.87 mln t (WMT), equivalent to 38.2 kt in nickel metal, and a record low point. Industry commentators believe the extended rainy season in the Philippines has interrupted mining operations and consequently suppressed export…
Two Fugu Mg Smelters Running Maintenance
16/06/22 | Magnesium
Asian Metal News Yabo magnesium smelter in Fugu, Yulin suspended operations on 14th June to carry out a week of maintenance. The company expects 1.4 kt of magnesium ingot production in June 2022, a decrease of 400 t m-o-m from 1.8 kt in May. Designed with 23 ktpy of magnesium…
LoMo and Billions: 300 ktpy Additional TiO2 Pigment Capacity
14/06/22
Shanghai Nonferrous Metals News LoMo and Billions: The company has ample orders and holds stocks equal to 50% of its present average monthly production. Boosted by stronger demand on the export market, the company’s export business has been rising rapidly in 2022. The company has an additional 300 ktpy of…
Domestic Mg Prices Rebound
14/06/22 | Magnesium
Shanghai Nonferrous Metals News Propped by strong raw material prices, mainstream domestic magnesium prices rebounded rapidly to RMB 26,500/t on Monday. However, downstream buyers remained watchful with sparse transactions this week. With the supply/demand scenario remaining unchanged at present, industry commentators project domestic magnesium prices to be stable at the…
China Produced 85.8 kt of Mg in May
10/06/22 | Magnesium
Shanghai Nonferrous Metals News China produced 85.8 kt of magnesium in May 2022, up by 1.95% m-o-m and 29.12% y-o-y. China’s total magnesium production during the first five months of 2022 reached 422.4 kt, up by 26.36% y-o-y. Magnesium smelters in IM and Xinjiang increased operations in May after environmental…
Tsingshan Group: 50 ktpy Ni Plate Project in Indonesia
08/06/22 | Nickel
Shanghai Nonferrous Metals News Tsingshan Group is set to build a 50 ktpy nickel project, using nickel matte that it produces for nickel plate production in Indonesia. It has been reported that the project has been established, but the time of commissioning is as yet, undisclosed.
Domestic Mg Prices on the Decline
07/06/22 | Magnesium
Shanghai Nonferrous Metals News 6th June: Mainstream magnesium quotations continued to drop today, falling by RMB 1,000/t from last Thursday to RMB 26,500~27,000/t in Fugu, Shaanxi. With a surplus market and falling magnesium prices for more than a month, downstream buyers have been wary about restocking. In the wake of…
Domestic W Prices Stable
02/06/22 | Tungsten
China Commodity Market Place The domestic tungsten concentrate market has been flat this week, with concentrate vendors holding firm on price and downstream smelters being reluctant to take high-level quotes. Mainstream wolframite concentrate prices (65% WO3) are steady at RMB 110,000~112,000/t, scheelite concentrate prices (65% WO3) at 109,000~111,000/t, and tungsten…
Fugu Jujinbang Suspends Mg Production
01/06/22 | Magnesium
Asian Metal News Jujinbang, a magnesium smelter in Fugu, Shaanxi, suspended magnesium smelting for circuit maintenance on 30th May and plans to restart on 10th June. Designed with 20 ktpy magnesium capacity, the company produced 1 kt of magnesium in May with its June production estimated at 800 tonnes. It…