Post-holiday W Prices Stay Firm
10/02/22 | Tungsten
China Commodity Marketplace The post-holiday tungsten concentrate market remains firm, seeing mainstream wolframite concentrate (65% WO3) prices rising to RMB 117,000~119,000/t, scheelite concentrate (65% WO3) prices up to RMB 116,000~118,000/t and tungsten concentrate (55% WO3) up to RMB 114,000~116,000/t. Domestic APT prices have been on the rise this week, seeing…
Domestic Mg Price on the Rise
10/02/22 | Magnesium
Asian Metal News Domestic magnesium prices increased slightly this week as downstream buyers returned to the market after the Chinese New Year holiday. Mainstream magnesium prices currently stand at RMB 42,500~43,000/t today, holding stable form Monday. Some smelters have tentatively raised their quotes, driven by concerns about whether existing semi-coke…
MIIT: First Batch of Production Quotas for REs
07/02/22 | Tungsten
SMM News 7 February 2022: MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth quotas for 2022. The 2022 first round of rare earths mining quotas are 100.8 kt and the smelting quotas are 97.2 kt, both up by 20% from the figures of 84…
China’s NPI Production Drops in 2021
28/01/22 | Nickel
Shanghai Nonferrous Metals News China produced 33.54 kt (in Ni metal) of NPI in December 2021, up by 8.06% m-o-m; China’s total NPI production reached 408.7 kt (in Ni metal) from January to December 2021, down by 18.8% y-o-y but in line with industrial expectations for the year. Looking forward…
Domestic Mg Prices Continue on the Decline
27/01/22 | Magnesium
Shanghai Nonferrous Metals News 26th January 2022: Mainstream domestic magnesium transaction prices stood at RMB 41,000/t, dropping slightly w-o-w. Downstream demand appeared lackluster before the holiday, seeing current orders mainly for the post-holiday futures market with prices approaching RMB 40,000/t.
Domestic Mg Prices Rebound Slightly
24/01/22 | Magnesium
China Nonferrous Metals News Buoyed by restocking needs prior to the Chinese New Year, domestic magnesium prices picked up slightly last week. As of 21st January, mainstream magnesium prices were being quoted at RMB 44,000~45,000/t ex-works with taxes in Fugu Shaanxi, with some transactions settling at RMB 44,000/t, up by…
First Shipment of Delong NPI Underway to China
24/01/22 | Nickel
Fubao News 20th January 2022: A 13.68 kt NPI shipment departed Sulawesi Indonesia for China ports. This is the first NPI shipment to China produced from Phase III of China Delong (Virtue Dragon) and Indonesian GNI’s development.
Domestic Mg Prices Slide
13/01/22 | Magnesium
Shanghai Nonferrous Metals News 12th January 2022: Mainstream primary magnesium (90% grade) is being quoted at RMB 47,000~48,000/t, down by RMB 1,500/t from Tuesday. Industry commentators forecast domestic magnesium prices to continue hovering around this level before the Chinese New Year holiday (1 February 2022) amid weaker price prospects.
Bao Steel Group: 300 ktpy Mg Alloy Project in Chizhou, Anhui
12/01/22 | Magnesium
China Nonferrous Metals News Backed by total investment of RMB14.8 bln from Bao Steel Group and Yunhai Metals, the Baomei 300 ktpy magnesium alloy project has been launched at Qingyang Economic Zone, Chizhou, Anhui, with project construction starting immediately. The project includes mining, ore processing, magnesium smelting and magnesium alloy…