Domestic W Prices Continue to Drop
18/05/22 | Tungsten
China Commodity Marketplace Domestic tungsten prices have been in decline recently, and downstream buyers are cautious about restocking, despite several tungsten concentrate vendors move to cutting quotations. The market is sluggish today, seeing mainstream wolframite concentrate (65% WO3) prices falling to RMB 111,000~113,000/t, scheelite concentrate (65% WO30 prices at RMB…
Domestic Mg Prices Rebound
17/05/22 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices at Fugu Shaanxi were being quoted at RMB 36,000/t (ex-work by cash with taxes) with mainstream transaction prices at RMB 35,000~36,000/t, rebounding by RMB 3,000/t from a low point a week ago. Following the price uptick, magnesium prices in…
Yunnan Shanshan: 300 ktpy Graphite Anode Project
16/05/22 | EV
Shanghai Nonferrous Metals News Backed by total investment of RMB 12 bln, Yunnan Shanshan’s 300 ktpy graphite anode project will be carried out in two phases, with 200 ktpy in Phase I and 100 ktpy in Phase II.
China Produces 84.2 kt of Mg in April
16/05/22 | Magnesium
Shanghai Nonferrous Metals News China produced 84.2 kt of magnesium ingot in April 2022, down by 3.02% m-o-m but up by 24.14% y-o-y. China produced 333.6 kt of magnesium ingot during the first four months of 2022, up by 25.68% y-o-y.
China Mg Exports Slow
10/05/22 | Magnesium
Asian Metal News China magnesium exports have slowed recently, amid lackluster overseas demand. However, China magnesium export prices have risen rapidly by USD 200/t to USD 5,750~5,850/t FOB China with taxes over the past few days. Industry commentators forecast magnesium export prices to be stable at the current level over…
China Produces 37.2 kt of NPI (in Ni) in April
10/05/22 | Nickel
Shanghai Nonferrous Metals News China produced 37.2 kt of NPI (in Ni metal) in April 2022, down by 4.17% m-o-m but up by 9.86% y-o-y. Of the total, 30.7 kt was high NPI and 6.7 kt was low NPI, down by 3.7% and 6.5% m-o-m respectively. Despite elevated NPI prices…
Domestic W Prices Decline
06/05/22 | Tungsten
China Commodity Marketplace Ganzhou Tungsten Association published the guide prices for May 2022: wolframite concentrates (55% WO3) at RMB 112,500/t, APT prices at RMB 176,000/t and tungsten powder medium grain at RMB 276/kg, down by RMB 5,500/t, RMB 6,000/t and RMB 6/kg respectively. JXTC Zhangyuan Tungsten tuned down its procurement…
China Moly: Business Revenue of RMB 44.5 bln in Q1 2022
05/05/22 | Tungsten
People Net China Moly achieved RMB 44.5 bln in business revenues for Q1 2022, up by 11.55% y-o-y; the net profits belonging to the listed company were RMB 1.79 bln, up by 77.88% y-o-y. During Q1 2022, the company produced 3,812 tonnes of molybdenum and 1,943 tonnes of tungsten in…
Qingdao NPI Project, Indonesia Commissioning
05/05/22 | Nickel
Shanghai Nonferrous Metals News The No. 2 NPI production line of Taishan Steel, Qingdao Investment Group and Qingdao Xiyuan at Indonesia has been powered up and progressed to the integrated commissioning stage. The project is expected to generate some output in May 2022 and a further three NPI production lines…