Domestic Mg Prices Soar on Rallying Coal Prices
17/05/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared by approximately RMB800/t from last week to average RMB22,000/t driven by rising coal and FeSi prices, tightening supply and strong downstream demand. As of 14th May, 99.9% grade mainstream primary magnesium ingot transaction prices climbed to RMB21,500~21,800/t in Fugu, Shaanxi and RMB21,000~22,000/t…
Domestic Mg Prices Soar
13/05/21 | Magnesium
Asian Metal News 12th May 2021: Domestic magnesium prices soared by RMB800/t from Monday to RMB20,300~20,600/t driven by rising coal and FeSi prices, tightening supply and strong downstream demand. Downstream buyers were active, aiming to mitigate the risk of higher magnesium prices going forward, resulting in ample transactions this week.…
CPCA: March Sales of New Energy Cars up by 98.1%
12/05/21 | EV
Shanghai Nonferrous Metals News CPCA (China Passenger Car Association): The sales of new energy cars gained by 98.1% m-o-m to 189,000 units in March 2021, a surge of 274.9% y-o-y. Of this figure, about 160,000 were all-electric cars, up 97.7% m-o-m; and 29,000 were hybrids, up 100.5% m-o-m. In Q1…
Domestic TiO2 Pigment Prices Continue to Rise
11/05/21
China Nonferrous Metals News Domestic TiO2 pigment prices continued to rise after the May Day holiday (1~8 May). On 9th May, 19 domestic TiO2 pigment producers including; Anhui Anadab, Hengtong, Fumin Longteng, Zhenjiang Titanium, Shandong Dongjia, Jinpu Titanium, CNNC, Shandong Dao’en announced that they would increase their prices by RMB1,000/t…
LoMo and Billions: 500 ktpy Ti Slag (Chloride Process) Project online
11/05/21
China Nonferrous Metals News 8th May: LoMo and Billions brought its 500 ktpy titanium slag project (chloride process) online. Backed by total investment of RMB2 bln, project construction started in February 2019. Once complete and at full capacity, it will be able to produce 300 kt of titanium slag (chloride…
CNIA: Domestic Primary Mg Production 147.3 kt in Jan./Feb.
07/05/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 147.3 kt of primary magnesium during January and February, up by 23.87% y-o-y in comparison with the same period last year. Of the total figure, output in Shaanxi was 99.3 kt and in Shanxi 19.1 kt, up by 22.33% and 20.48% y-o-y respectively.…
Mine Rectification at Xinyu Jiangxi
07/05/21 | Tungsten
China Mining News In response to environmental problems discovered by the 4th Central Government Environmental Inspection Group in April 2021, the local authorities of Xinyu Jiangxi have formulated a case specific rectification plan according to the principles of “one producer one policy” and” one mine one policy”, which is applicable…
China Tungsten Hightech Material: Operational Revenue of RMB9.9 bln in 2020
07/05/21 | Tungsten
China Tungsten Hightech Material Co. Ltd., a subordinate of Minmetals, achieved RMB 9.92 bln in operational revenue in 2020, with an average annual compound growth rate of 6% 2016~2020. The company’s total profit in 2020 was RMB370 mln, reversing a loss of RMB530 mln by end-2015. During the 14th Five-Year-Plan…
Xinfeng Huarui APT Smelter Resumes Operation
30/04/21 | Tungsten
Asian Metal News Xinfeng Huarun APT smelter in Jiangxi, designed with 5 ktpy of APT (88.5% min grade) capacity, resumed operations this week after completion of environmental checks. The company halted operations in mid-April under pressure of environmental checks, curbing its April output to less than 200 tonnes. The company…