Domestic Mg Prices on the Rise
05/01/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices soared by RMB 1,000/t from end-December to RMB 50,000~51,000/t today, driven by concerns about whether existing semi-coke making equipment will be phased out going forward. Industrial commentators project domestic magnesium prices to rise further over the short-term, given tightening semi-coke supply and rising…
SEEE: 2021 CEA Transaction of 179 mln t
04/01/22
Cnal News SEEE (Shanghai Environment and Energy Exchange): China ETS system (Emission Trade System) has been operating smoothly since its establishment on July 16 2021. As of 31st December, 179 mln t of CEA (China Emission Allowance) had been traded with a total turnover of RMB 7.66 bln, involving more…
Domestic Mg Prices Soar on Semi-coke Uncertainties
28/12/21 | Magnesium
Asian Metals News News released from MEE (Ministry of Ecology and Environment) on 22nd December, regarding environmental issues arising from the phase out of obsolete semi-coke capacity in Yulin, Shanxi has stirred the market with concerns of semi-coal/magnesium supply problems going forward. In response, domestic magnesium prices soared on 22nd…
Yulin Shaanxi: 474 kt Mg Production, January – November 2021
27/12/21 | Magnesium
Shanghai Nonferrous Metals News From January to November 2021, Yulin Shaanxi produced 501 mln t of coal, 29.26 mln t of coking coal, 485.5 kt of primary aluminium and 474 kt of primary magnesium, up 6.5%, down by 16.5%, down 5.8% and down by 5.2% y-o-y respectively.
China RE Group Established
27/12/21 | Tungsten
China Mining News 23rd December 2021: China Rare Earth Group Co., Ltd. was officially established. China Rare Earth Group is directly under the supervision of the SASAC (The State-owned Assets Supervision and Administration Commission of the State Council) and has diversified shareholders. It has six shareholders, including: SASAC (31.21% stake);…
China Imports 4.01 mln t of Ni Laterite in November
22/12/21 | Nickel
Shanghai Nonferrous Metals News China imported 4.01 mln t of nickel laterite in November 2021, down by 10% m-o-m but up by 12% y-o-y. The Philippines remains the largest nickel laterite supplier to China with 3.34 mln t of exports in November, down by 17% m-o-m but up by 12%…
China Exports 36.16 kt of Mg in November
22/12/21 | Magnesium
Shanghai Nonferrous Metals News China exported 36.16 kt of magnesium in November 2021, up by 48.6% m-o-m and up by 37.6% y-o-y. China exported 250 kt of magnesium from January to November 2021, up by 37.6% y-o-y.
Domestic Mg Prices Edge Down
21/12/21 | Magnesium
Shanghai Nonferrous Metals New Slowing transactions during the weekend leveraged down domestic magnesium quotation prices by RMB 500/t from last Friday to RMB 41,500~42,000/t today in Fugu Shaanxi. According to a local Fugu smelter, shrinking overseas orders prior to the Christmas holiday, absence of support from the futures market and…
XTC: Acquisition of Bobai W/Mo Mine in Guangxi at RMB 301 mln
16/12/21 | Tungsten
Shanghai Nonferrous Metals News 14th December 2021: Xiamen Tungsten Group (XTC) announced that the company is set to acquire a 100% equity in Bobai Judian from Shenwei Mining Co. Ltd at RMB 301 mln. Located at Bobai County, Guangxi, Bobai Judian owns the mining rights to the Youmapo tungsten and…
