Domestic Mg Prices Rebound
08/12/21 | Magnesium
Asian Metal News Domestic magnesium prices have been on the rise since last Friday, lifting by RMB1,500/t to the current level of RMB39,000~40,000/t. The improvement is led by increasing new orders after the announcement of the one-month environmental audits in Shaanxi. As most local Shaanxi magnesium smelters are declining spot…
2022 Indonesian NPI Production Expected to Grow by 32% Y-o-Y
07/12/21 | Nickel
Shanghai Nonferrous Metals News Boosted by soaring demand from stainless steel producers in both China and Indonesia, NPI supply has been tight since Q2 2021. Indonesian’s NPI production is expected to grow by 32% y-o-y to 1.16 mln t (in Ni metal) in 2022, and global NPI production is expected…
Domestic W Prices on the Decline
01/12/21 | Tungsten
China Commodity Market Place The domestic tungsten prices have been on the decline during November 2021. As of end-November, mainstream wolframite concentrate (65% WO3) prices had dropped to RMB105,000~107,000/t; scheelite concentrate (65% WO3) prices RMB104,000~106,000/t and tungsten concentrate (55% WO3) at RMB102,000~105,000/t. Following sliding prices for tungsten concentrates, caustic soda…
Domestic Mg Prices Slide
01/12/21 | Magnesium
Asian Metal News Domestic magnesium prices have been on the slide since Monday, falling by RMB1,000/t from last Friday and are sitting at RMB34,000~35,000/t ex-work by cash on Wednesday, 1st December. One smelter in northern China sold 200 t of magnesium at RMB35,000/t on Tuesday. According to a spokesman from…
Jiangxi: 14th FYP for Nonferrous Metals
30/11/21 | Tungsten
China Nonferrous Metals News The local authorities of Jiangxi recently published ‘14th Five Year Plan for Nonferrous Metals Development’. The document states that by end-2025, the total industrial value generated from tungsten, rare earth and other strategic resource industries in Jiangxi will increase to RMB100 bln. Meanwhile, types of new…
China Produces 4,150 t of Tin Concentrates in Oct.
24/11/21 | Tin
Asian Metal News China produced 4,150 tonnes (in metal) of tin concentrates in October 2021, up by 22.06% m-o-m from 3,400 tonnes in September but down by 10.46% from 4,635 tonnes y-o-y. China produced 37.9 kt (in metal) of tin concentrates from January to October 2021, down by 1.71% from…
China Imported 4.48 mln t of Ni Laterite in Oct.
23/11/21 | Nickel
Shanghai Nonferrous Metals News China imported 4.48 mln t of nickel laterite (DMT and WMT mixed) in October 2021, down by 21.3% m-o-m and down by 12.2% y-o-y. China’s nickel laterite imports from the Philippines dropped by 22.8% m-o-m or 12.6% y-o-y to 4.01 mln t in October. China imported…
Fugu Jujinbang Mg Resumes Production
18/11/21 | Magnesium
Asian Metal News Fugu Jujinbang Magnesium restarted magnesium ingot production on 15th November 2021 after having been idle since April. The company produced 30 tonnes of magnesium on 15th November, and intends to produce 400 tonnes in November. Fugu Jujinbang suspended operations on 22nd April 2022 due to liquidity pressures…
Shaanxi Yulin: Mg Production Increases in Q3
15/11/21 | Magnesium
Asian Metal News From January to September 2021, the cumulative production of magnesium in Yulin Shaanxi was 416.8 kt, up 3% y-o-y. Yulin produced 34.9 kt of magnesium in September, down 6% from 37.1 kt in August, compared with its July production of 41.7 kt. Yulin’s 2021 cumulative production of…