Domestic W Prices on the Decline
30/06/23 | Tungsten
China Commodity Marketplace Domestic tungsten concentrates prices have been on the decline this week, seeing mainstream wolframite concentrates (65% WO3) prices drop to RMB12,000~12,100/t, scheelite concentrates (65% WO3) prices down to RMB 119,000~120,000/t and tungsten concentrate prices (50~55% WO3) prices at RMB 116,000~119,000/t. Mainstream APT prices trended down slightly to…
Domestic Refined Tin Production Drops in June
28/06/23 | Tin
Shanghai Nonferrous Metals News ITA (International Tin Association): China’s refined tin production in May dropped by 12.2% y-o-y and was down by 8.3% m-o-m. The country’s production in June is expected to drop further m-o-m caused by decreasing raw material supply, continuing low processing charges and maintenance at several smelters.
Bada Mg to Ramp up Operations in July
28/06/23 | Magnesium
Asian Metal News Shanxi Bada Magnesium prices are set to increase with magnesium production in July to 2.4 kt up by 0.9 kt m-o-m. The company started vertical retort retrofitting in December 2022 amid a low market and in response to the requirements of industry upgrading, seeing its monthly production…
Shanxi New Energy Resumes Mg Smelting
26/06/23 | Magnesium
Asian Metal News Shanxi New Energy halted operations for maintenance on 1st June and is set to resume operations on 26thJune 2023 driven by recovering prices. In view of poor demand, the company started maintenance in early June and is set to resume operations on 26th June with daily production…
Domestic Mg Prices under Pressure in June
21/06/23 | Magnesium
China Nonferrous Metals News 16th June: Magnesium prices were being quoted at RMB 20,200~20,300/t in Fugu Shaanxi with mainstream transaction prices at RMB 20,200/t down by RMB 200/t from last week and prices in other regions fell accordingly. During the first two weeks of June, domestic magnesium prices have been…
MNR: 2022 China’s Li Resources Increases by 57% Y-o-Y
19/06/23
Ministry of Natural Resources MNR: In 2022, the reserves of China’s strategic emerging minerals such as lithium, cobalt, and nickel have increased by 57%, 14.5%, and 3% y-o-y respectively. Jiangxi’s lithium reserves have surpassed Qinghai and Sichuan to become the largest in China, accounting for 40% of national total. In…
Qinghai: Carbon Peak Implementation Plan
16/06/23 | Magnesium
Shanghai Nonferrous Metals News 14th June: Qinghai’s Carbon Peak Implementation Plan has been released. The Plan stipulates that added value of energy consumption pre unit of finished product of large industrial producers in 2025 is to decrease by 12.5% compared to the figure for 2020, while striving to reach a…
Domestic Mg Prices to Stable at Low-end
14/06/23 | Magnesium
China Nonferrous Metals News 9th June: Mainstream magnesium prices in Fugu Shaanxi were being quoted at RMB 20,500/t, with transaction prices at RMB 20,400~20,500/t, down by RMB 1,500/t from the previous Friday. Prices in other producing regions fell accordingly. As of today, magnesium prices have plummeted from a high point…
Domestic NPI Production of 29.9 kt in May 2023
13/06/23 | Nickel
Shanghai Nonferrous Metals News China produced 745 kt of NPI (converted to 29.9 kt in Ni metal) in May 2023, up by 9% m-o-m but down by 17% y-o-y in actual tonnage. Thanks to stable nickel laterite prices at low levels, domestic NPI prices were relatively steady during May. Meanwhile,…
