Improved Profit Margins for Domestic Smelters
22/05/20 | Aluminium
Alu News Aladdiny analysts estimate domestic primary aluminium production costs at RMB13,100/t, with reference to current spot aluminium prices at RMB13,500/t. Data shows 87% of domestic aluminum capacity in operation is capable of taking some profits, 99% are cash cost positive. In the meantime, with the opening of the import…
Shanxi Huaxing: Aa Output to Rise to 110 kt in May
22/05/20 | Alumina
Asian Metal News Shanxi Huaxing Aluminium (designed with 2 mtpy alumina capacity), expects to produce 110 kt in May up by 22% from 90 kt in April 2020. Huaxing has two alumina production lines of 500 ktpy each and a 1 mtpy line. The company has been operating 1 mtpy…
Domestic Mg Prices Stable at Low Level
21/05/20 | Magnesium
China Nonferrous Metals News 15th May: Mainstream magnesium prices (99.9% magnesium ingot) are currently being quoted at RMB13,200/t with transaction prices at RMB13,100/t by cash with taxes. In Fugu Shaanxi prices were RMB13,300~134,000/t and in Wenxi Shanxi RMB13,400~13,500/t, a fall of RMB150~200/t from last week. Given ample domestic supply and…
Sichuan Guangyuan Qimingxing Increases Al Product
21/05/20 | Aluminium
Asian Metal News Sichuan Guangyuan Qimingxing Aluminium, designed with 120 ktpy primary aluminium capacity is set to increase its operational capacity by 40 kt and expects to achieve full capacity operation in late June. The company owns 220 sets of 200kA cells, with 80 ktpy capacity in operation at present.…
China Imports 1.36 mln t of Ni Laterite in April
21/05/20 | Nickel
Shanghai Nonferrous Metals News SMM: China imported 1.36 mln t of nickel laterite in April 2020, down by 87.1 kt or 6% m-o-m and down by 70.2% y-o-y. Of this amount, 1.09 mln t was from the Philippines, up 11.6% m-o-m but down 54.8% y-o-y. Despite the Philippine rainy season…
Domestic Moly Prices Hold Firm
20/05/20 | Molybdenum
China Nonferrous Metals News As of 13th May, mainstream molybdenum concentrate transaction volumes in the domestic market exceeded 4.3 kt during the month, seeing concentrate prices (45%~50% grade) hold steady at RMB1,600~1,620/MTU. At present, Luming Mining in Yichun Heilongjiang has no plans to resume operations. With shrinking supply as a…
Heung Kong Wanji to Build Two Power Generators
20/05/20 | Aluminium
Asian Metal News Heung Kong Wanji, (Henan), designed with 600 ktpy primary aluminium capacity, is building two sets of 660MW power generators at present, which are scheduled for completion in October 2021. The company’s captive power plant now has two sets of 300MW generators and four sets of 135MW power…
Shanxi Huaxing to Stop Using Imported Bx
20/05/20 | Bauxite
Asian Metal News Chalco Shanxi Huaxing alumina refinery has three alumina production lines comprising one 1 mtpy and two 500 ktpy lines. At present, the two 500 ktpy lines are operational, and are capable of consuming 3.8 mtpy of bauxite per annum. The company currently holds 150 kt of imported…
LoMo and Billions to Set up a Branch in Gansu
19/05/20
Shanghai Nonferrous Metals News SMM: Yunnan Guotai, a subordinate of LoMo and Billions is to establish a new branch in Gansu by an investment of RMB700 mln, namely Gansu Guotai Metals Co. Ltd. The business scope of the new company will include ilmenite mining, dressing, smelting of high titanium slag,…