Shenmu Xinqing Suspends Mg Production
31/05/22 | Magnesium
Asian Metal News Shenmu Qinqing suspended magnesium smelting on 25th May, due to a lack of required environmental assessments. The company is working to accelerate the process but a date for resuming production is uncertain. The company is set to produce 1,560 t of magnesium in May, down by 200…
Qinghai Salt Lake: 40 ktpy Lithium Projects for Battery
30/05/22 | EV
Shanghai Nonferrous Metals News 26th May: Qinghai Salt Lake Co. Ltd. announced that the company will invest RMB 7 bln to build a 40 ktpy lithium project, including a 20 ktpy battery grade lithium carbonate and a 20 ktpy lithium chloride project. The project is scheduled for completion in two…
Yunhai Metals: Acquisition of Dolomite Resources
27/05/22 | Magnesium
Asian Metal News 22nd May, Yunhai Metals announced that the company has acquired the mining rights to some dolomite resources at Qingtaishan mine, Chaohu, Anhui at RMB 365 mln via its subordinate Anhui Chaohu Yunhai Magnesium Co. Ltd. After this acquisition, Anhui Chaohu Yunhai Magnesium will increase its dolomite resources…
Domestic Mg Prices Fall
26/05/22 | Magnesium
China Nonferrous Metals News 20th May: Mainstream magnesium prices were being quoted at RMB 33,000/t (ex-work with taxes) in Fugu Shaanxi, with several transactions closing at RMB 32,500~33,000/t, down by RMB 4,000/t from a high point a week ago. Magnesium smelters in other producing regions followed suit and tuned down…
Ganfeng Li: 50 ktpy Li Battery Project Starts Construction
25/05/22 | EV
Shanghai Nonferrous Metals News Fengcheng Ganfeng Lithium Co. Ltd’s 50 ktpy lithium battery new energy material project started construction in Fengcheng, Yichun, Jiangxi. Backed by total investment of RMB 2 bln, the project will be carried out in two phases and is scheduled for completion in three years. Ultimately, the…
Domestic W Prices Steady at Low-end
25/05/22 | Tungsten
China Commodity Marketplac Domestic tungsten concentrate prices have stabilized at low levels backed by vendors’ strong will to shore prices. However, downstream smelters remain cautious, resulting in a flat market with few transactions. Main stream wolframite concentrate prices (65% WO3) have been stable at RMB 110,000~112,000/t, while scheelite concentrates were…
LoMo and Billions: 1.5 mtpy of TiO2 Pigment by end-2025
24/05/22
Shanghai Nonferrous Metals News LoMo and Billions: The company aims to increase its TiO2 pigment capacity to 1.5 mtpy and its titanium sponge and titanium alloy capacity to 80~100 ktpy by end-2025. The company will also step-up development in areas of new energy battery materials, mining, AI manufacturing and circular…
China NPI and Ni Laterite Imports in April 2022
24/05/22 | Nickel
Shanghai Nonferrous Metals News China imported 419 kt of NPI (actual tonnage) in April, down by 2.58% m-o-m but up by 32.62% y-o-y. When converted to Ni metal, China imported 60.7 kt of NPI (in Ni metal), down by 8.31% m-o-m but up by 24.72% y-o-y. China imported 2.49 mln…
Domestic Mg Prices Slide
20/05/22 | Magnesium
Asian Metal News Domestic magnesium prices have been on the decline amid a sluggish market, falling by RMB 2,000/ from last Thursday to RMB 33,000~34,000 this week. Given a strong watchful attitude from downstream buyers and increased selling intentions from smelters, industry commentators forecast domestic magnesium prices to fall further…