Development Plan for New Energy Vehicle Industry (2021~2035)
03/11/20 | EV
Cnal News The State Government published ‘Development Plan of New Energy Vehicle Industry (2021~2035)’. According to the Plan, by 2025, the average electric power consumption of pure electric passenger cars shall drop to 12 kWh / 100 km, and sales of new energy vehicles are to reach 20% of total…
50 ktpy Li Hydroxide for Ganfeng Li
02/11/20 | EV
Shanghai Nonferrous Metals News 30th October: Ganfeng Lithium’s 50 ktpy lithium hydroxide project formally came online in the Mahong Plant, Xinyu, Jiangxi. From now on, Ganfeng’s Mahong plant will increase its lithium hydroxide capacity by 50 ktpy to reach 81 ktpy per annum and become one of the top lithium…
Domestic W Prices Stable at Low End
30/10/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices remained stable at low levels this week led by continuing sluggish demand, and domestic tungsten concentrate holders remained firm on prices. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB83,000~84,000/standard t; scheelite (65% grade) is at RMB82,000~83,000/standard t and tungsten concentrates…
Zhangyuan Tungsten: Q3 Profit RMB58.89 mln
30/10/20 | Tungsten
Shanghai Nonferrous Metals News According to Zhangyuan Tungsten’s Q3 report, the company made a profit of RMB58.59 mln in Q3 2020, up by169.52% y-o-y. According to the company, the spread of Covid-19 has constrained the overseas market and suppressed tungsten prices. During the reporting period, the company took measures to…
China Imports 6.21 mln t of Ni Laterite in September
28/10/20 | Nickel
PPI Business News China Customs: China imported 6.21 mln t of nickel laterite in September, up by 2.46 mln t on-month but down by 880.5 kt on-year. China imported 27.26 mln t of nickel laterite during the first three quarters of 2020, down 29.95% y-o-y. Of this figure, 3.04 mln…
Domestic W Prices Continue under Pressure
23/10/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices remained under pressure this week led by continuing sluggish demand, and domestic tungsten concentrate holders remained firm on prices. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB83,000~85,000/standard t; scheelite (65% grade) is at RMB82,000~84,000/standard t and tungsten concentrates (50~55% grade)…
Domestic Zn Miner Operational Rate of 67.7% in September
20/10/20 | Zinc
Shanghai Nonferrous Metals News SMM: Domestic zinc miners’ operational rates increased to 67.7% in September 2020, up by 6.4% on-month but down 10.6% on-year. Some large zine miners such as Guosen Mining and Huidong Daliang Mining ramped up operations after maintenance in September. Others such as Guigang Ming and Dongshengmiao…
Winter Production Cut Policy: Limited Impact on Ni
19/10/20 | Nickel
Shanghai Nonferrous Metals News SMM: The winter production policy in the Yangtze River Delta and Northern China has limited impact on the nickel industry overall, with almost no impact on the supply side. NPI smelters in eastern China may see a moderate increase in transportation costs. Some small-medium alloy-casting producers…
Tianlong Mg Resumes Production
16/10/20 | Magnesium
Shanghai Nonferrous Metals News SMM: Tianlong Magnesium Co. Ltd. is set to resume operations next week after completing maintenance started in mid-September. The company extended the maintenance time to five weeks due to a weak market. The company chiefly produces magnesium ingot of 95% and 90% grade, accounting for 60%…