Domestic PC of Zn Concentrates Drop
31/03/20 | Zinc
China Nonferrous Metals News Domestic PC charges for zinc concentrates dropped further by RMB 50/t in IM, fell by RMB100/t in Shaanxi, Sichuan and Guangxi and remained stable in other producing regions last week. Mainstream quotations for domestic zinc concentrates currently stand at RMB5,900~6,500/t. Mainstream PC charges for imported zinc…
Domestic Mg Prices Edge up
31/03/20 | Magnesium
China Nonferrous Metals News Domestic magnesium prices averaged RMB14,679/t in February 2020, up 31.28% y-o-y despite few transactions being concluded during the period. Domestic primary magnesium output declined significantly y-o-y due to the spread of COVID-19 in February. Meanwhile, traders and some downstream buyers made small replenishments during the month…
Zhangyuan W: Net Loss of RMB290 mln in 2019
30/03/20 | Tungsten
Sina Finance News 23rd March: Zhangyuan Tungsten’s 2019 annual report shows the company’s operating profits were negative, (RMB -285.91 mln, a decrease of 473.27% y-o-y), during the reporting period. Total profits were also negative RMB -299.46 mln, a decrease of 491.81% y-o-y. The company’s net profit attributable to shareholders of…
Sichuan Qimingxing Cuts Operations
30/03/20 | Aluminium
Asian Metal News Sichuan Qimingxing Aluminium, designed with 125 ktpy primary aluminium capacity comprising 168 sets of 300 kA electrolytic cells, began production cuts last Friday. The company is set to halt 15 cells during April and will suspend 30 cells further if market performance remains bleak during the month.…
Domestic Al Capacity Cut to Expand
30/03/20 | Aluminium
Alu News Most domestic primary aluminium smelters are taking measures to mitigate loss, including building up aluminium inventories or mortgaging aluminium produced in the wake of deeper losses and increasing liquidity pressures. Aluminium smelters in developing areas – where aluminium smelting is crucial to local economic development – are in…
Chalco: 2019 Al Output 3.79 mln t, Aa 13.8 mln t
30/03/20 | Aluminium
Cnal News Chalco’s 2019 annual report shows company revenue in 2019 close to RMB187.1 bln, with operating revenue up by 5.76% y-o-y. The gross profit rate was down by 1.04 percentage points y-o-y. Chalco produced 3.79 mln t of primary aluminium and 13.8 mln t of alumina in 2019. Source…
Domestic Al Production Cuts to Expand
27/03/20 | Aluminium
Shanghai Nonferrous Metals News SMM: More than 20 mtpy of domestic primary aluminium capacity is in loss in terms of cash costs,(with reference to an averaged industry cash cost of RMB 11,700/t and primary aluminium prices of RMB 11,330/t as of 25th March 2020). The full, averaged industry cost currently…
East Hope Sanmenxia Increases Aa Production
27/03/20 | Alumina
Asian Metal News East Hope Sanmenxia, designed with 2.5 mtpy alumina capacity across five production lines resumed operations on two alumina production lines in early March after a three-week suspension. With improved bauxite supply and transport, the company resumed its last idle alumina production line two weeks ago, and has…
Guangxi to Limit Raw Ore Exports
27/03/20 | Bauxite
Cnal News The local administration of Guangxi issued a draft document on mineral reform, proposing full implementation of a market-oriented resources allocation system. The system advocates that all resource projects should be sold by bids, auctions and listings, with the exception of projects stipulated by the state government to be…