Henan: Geology Exploration Results during the 13th FYP Period (2016~2020)
15/03/21 | Molybdenum
Fubao News During the 13th Five Year Plan period (2016~2020), the Henan Bureau of Geology and Mineral Resources has submitted new mineral resources including 346.5 t of gold, 9,099 t of silver, 1.26 mln t of copper, 10.65 mln t of lead and zinc, 3,697 t of tin, 4.29 mln…
Baotou IM: ‘Red Alert Response Measures of Double Control of Energy Consumption in Q1 2021’
15/03/21
Baotou Government Net The Development and Reform Commission of Baotou published the ‘Red Alert Response Measures of Double Control of Energy Consumption in Q1 2021’ on 15th March 2021. Double control indicates ‘controlling total annual energy consumption and energy consumption intensity (per unit of GDP)’ According to the policy, detailed…
Domestic W Market Stable
10/03/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices continued strong this week, and concentrate venders were keen to sell. Mainstream wolframite (65% WO3) is being quoted at RMB97,000~98,000/t, scheelite (65% WO3) prices are RMB96,000~97,000/t and tungsten concentrate prices (50~55% WO3) are RMB93,000~96,000/t. With the upward momentum of APT prices halting this…
China Produces 37.8 kt of NPI in February 2021
10/03/21 | Nickel
Shanghai Nonferrous Metals News-20210218 China produced 37.8 kt (in Ni metal) of NPI in February 2021, down by 1.88% m-o-m, including 31.4 kt of high-NPI and 6.5 kt of low-NPI. SMM forecast domestic NPI output to increase by 5.01% m-o-m to 39.7 kt in March 2021, with 32.3 kt of…
Domestic Mg Prices under Pressure
10/03/21 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices have been under pressure on weak downstream demand. As of 5th March 2021, mainstream magnesium prices were being quoted at RMB15,300~15,500/t in Fugu Shaanxi with transactions settling at RMB15,100~15,300/t. In Wenxi Shanxi, transaction prices were RMB15,400~15,500/t. All prices were ex-works with…
Domestic W Prices on the Rise
05/03/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices continued to rise steadily this week. Miners were keen to sell and low-priced transactions were rare. Mainstream wolframite (65% WO3) is being quoted at RMB96,000~97,000/t and scheelite (65% WO3) prices are RMB95,000~96,000/t and tungsten concentrate prices (50~55% WO3) are RMB92,000~95,000/t. The domestic APT…
Tianhua Chaojing: 100 ktpy Battery Grade Li Hydroxide Project by 2025
04/03/21 | EV
Shanghai Nonferrous Metals News The battery grade lithium market is expected to grow rapidly over the next few years driven by strong downstream demand. In anticipation of a supply deficit of lithium ore and lithium related products as well as rising prices, Tianyi Lithium Co, a subordinate of Tianhua Chaojing…
Tsingshan to Supply Ni Matte to Huayou and CNGR
04/03/21 | Nickel
Shanghai Nonferrous Metals News 1st March 2021: Tsingshan Holding Group has signed a one-year contract to supply nickel matte to Huayou Cobalt Co and CNGF Advanced Material Co. Under the agreement, Tsingshan will supply 60 kt of nickel matte to Huayou and 40 kt to CNGR within a year, starting…
Domestic Mg Prices Rebound after CNY Holiday
03/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded strongly after the Chinese New Year holiday following rising commodity prices and tightening spot supply at smelters. As of 26th February, mainstream domestic magnesium prices had risen to RMB15,300~15,500/t ex-work with taxes. In Wenxi Shanxi, prices lifted by RMB800~1,000/t w-o-w to RMB15,600~15,700/t…