Domestic W Prices Continue to Rise
02/03/21 | Tungsten
China Commodity Marketplace Domestic tungsten prices continue to rise after the CNY holiday, further surging to RMB95,000/t after rebounding to RMB90,000/t in January. As of end-February 2021, mainstream wolframite (65% WO3) prices climbed to RMB94,000~96,000/t, scheelite (65% WO3) prices were RMB93,000~95,000/t and tungsten concentrates (50~55% WO3) were RMB91,000~93,000/t. Boosted by…
CNIA: 860 kt of Mg Production in 2020
24/02/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 858.3 kt of primary magnesium in 2020, up by 0.52% y-o-y. Of the figure, primary magnesium production was 575.6 kt in Shaanxi, 103.6 in Shanxi and 54.2 kt in Ningxia, up 11.5%, down 15.7% and down 7.27% y-o-y respectively. Source
MNR: First Batch of Production Quotas for REs and W Ore
23/02/21 | Tungsten
SMM News 23rd February 2021: MNR (Ministry of Natural Resources) and MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth and tungsten mining quotas for 2021. The first round of tungsten concentrate (WO3 65%) production quotas for 2021 is 63,000 t, including a 46,890 t…
Domestic W Prices Rebound
22/02/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate (WO3 65%) prices continued to rise to RMB91,000~93,000/t, with concentrate prices (50~55% grade) at RMB90,000/t at present. In anticipation of a bullish market, tungsten concentrate vendors are holding firm on prices. Domestic APT smelters raised their quotes to RMB139,000~141,000/t. APT prices are likely to…
Domestic Mg Prices Edge up Slightly
22/02/21 | Magnesium
Shanghai Nonferrous Metals News 20th February 2021: Mainstream magnesium ingot (99.9% grade) prices lifted to RMB14,000~14,200/t in Fugu Shaanxi, with some transactions concluded at RMB14,200/t. According to internal sources, most small smelters have orders for the futures market through to end-February, while large smelter are under long-term contracts, resulting in…
W Producers Resume Operations
19/02/21 | Tungsten
China Commodity Marketplace Domestic tungsten producers gradually returned to work after the Chinese New Year holiday, but sentiment is cautious, with the market appearing flat. In view of the COVID vaccination program being rolled out worldwide, a strong rebound in macro-economic and overseas demand can be expected over the medium-term.…
Domestic W Prices on the Rise
10/02/21 | Tungsten
Shanghai Nonferrous Metals News 9th February: Ganzhou Tungsten Association announced that it will increase guide prices of wolframite concentrate by RMB4,200/t to RMB90,000/t. JXTC raised long term contracts prices of wolframite concentrates by RMB 5,000/t to RMB 93,000/t, along with prices of scheelite and APT. Some downstream producers are keen…
Shanxi Bada Cut Mg Operations
09/02/21 | Magnesium
Asian Metal News Shanxi Bada magnesium smelter has cut operations by 70% since 18th January 2021, reducing daily average output to 25 t. The company produced 1.8 kt of magnesium in January and February production is estimated at 700 t, down by 1.1 kt m-o-m. According to an internal source,…
SMM: Domestic Tin Ore Output of 94.5 kt in 2020
04/02/21 | Tin
Shanghai Nonferrous Metals News NBS: China produced 8.96 kt (in tin metal) of tin ore and concentrates in December 2020, up by 24.3% m-o-m but down 4.2% y-o-y. China produced 94.5 kt (in tin metal) of tin ore and concentrates in 2020, up by 10.4% y-o-y. SMM forecast tin ore…