Domestic Mg Prices Stable
07/04/22 | Magnesium
Shanghai Nonferrous Metals News 6th April: Domestic magnesium market transactions remained flat with prices continuing stable at RMB 39,500/t in Fugu Shaanxi. With limited liquidity pressures, local magnesium smelters were reluctant to compromise on prices, resulting in a stagnated market.
Domestic W Prices on the Rise
31/03/22 | Tungsten
China Commodity Marketplace The domestic tungsten concentrate market remains firm, seeing the mainstream wolframite concentrate (65% WO3) price stable at RMB 119,000~121,000/t, scheelite concentrate (65% WO3) prices up to RMB 118,000~120,000/t and tungsten concentrate (55% WO3) up to RMB 116,000~118,000/t. Downstream buyers continue cautious, with few transactions, mainly driven by…
Yunlin Shaanxi: Mg Production Drops during January~February
29/03/22 | Magnesium
Shanghai Nonferrous Metals News 88.1 kt of primary magnesium were produced in Yunlin Shaanxi during January and February 2022, down by 11.3% y-o-y. According to local Yulin authorities, a total of 513 kt of primary magnesium was produced in 2021, down by 8.6% y-o-y. Domestic magnesium prices remained stable last…
Yulin Wanyuan Mg Expects 1.5 kt of Mg in March
24/03/22 | Magnesium
Asian Metal News Yunlin Wanyuan Magnesium smelter expects its March production to drop by 300 t m-o-m to 1.5 kt, due to dolomite supply shortages during the month. According to an internal source, dolomite prices soared by RMB 80/t m-o-m to RMB 230/t in March, which together with subpar dolomite…
China Produces 83 kt of Mg Ingots in February 2022
21/03/22 | Magnesium
Shanghai Nonferrous Metals News China produced 83 kt of magnesium ingot in February 2022, up by 0.99% m-o-m and up 25.73% y-o-y. Driven by relatively high profits, domestic magnesium production is expected to remain stable at high levels in March. Last week (14th ~18th March): Weaker downstream demand put pressure…
Domestic W Prices on the Rise
16/03/22 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate vendors are holding firm on prices, sending mainstream wolframite concentrate (65% WO3) up to RMB 118,000~119,000/t, scheelite concentrate (65% WO3) 117,000~118,000/t and tungsten concentrate prices (50~55% WO3) RMB 114,000~117,000/t. Following rising concentrate prices, domestic APT prices lifted to RMB 180,000~183,000/t. With tighter spot supply,…
Qinghai: 14th FYP for Energy Development
14/03/22
Shanghai Nonferrous Metals News The 14th Five-Year-Plan for Energy Development in Qinghai (2021~2025) indicates that: By end-2025, 45.8 million kW of photovoltaic power capacity will be installed in Qinghai, up by 30 mln kW from end-2020. 5 million kW of wind power capacity will be installed, up by 8.07 mln…
Domestic NPI Output at 32.6 kt in February
14/03/22 | Nickel
Shanghai Nonferrous Metals News China produced 32.6 kt of NPI (in Ni metal) in February 2022, up by 2.8% m-o-m but down by 13.9% y-o-y. The decline can be attributed to some high-NPI smelters in northern China, (including Shandong, IM, Liaoning and Hebei) curbing operations due to environmental rules during…
Qinghai Tianlan: Graphite Anode Project for Li Battery
09/03/22 | Graphite
Shanghai Nonferrous Metals News Backed by total investment of RMB 1.03 bln, Qinghai Tianlan New Energy Materials brought its 10 ktpy graphite anode project for lithium batteries online recently. The project is being developed in two phases.