Nanshan BAI Project Indonesian Progressing
24/03/20 | Alumina
Sina Finance News The alumina evaporator for use of Nanshan’s PT. Bintan Alumina project (BAI) arrived at Bintan Island Indonesia according to schedule. At present unloading and transportation work has been completed and the project is progressing smoothly with an estimation of being online by end-2020. Nanshan’s BAI project was…
Domestic Aa: Production Cuts and Resumptions
24/03/20 | Alumina
China Nonferrous Metals News Aladdiny: Major alumina refineries in Shanxi and Guizhou are still under pressure from bauxite supply shortages; a result of low mining activities due to a lack of workers. Consequently, local refineries in Shanxi and Guizhou including Xinfa Chemicals, Xing’an Chemicals, Senze Coal and Al and Guizhou…
Increased Export Rebate on W Wire
23/03/20 | Tungsten
China Tax News 17th March, the Ministry of Finance and the State Administration of Taxation jointly announced an increase in the export tax rebate rate on selected products. Of these, the tax rebate on tungsten wires (HS code 81019600) will be increased from 10% to 13%, with effective from 20th…
Dongxing Al Starts Overhaul
23/03/20 | Aluminium
Asian Metal News Gansu Dongxing Aluminum has a total of 1.7 mtpy primary aluminium capacity at its Jiayuguan (1.35 mtpy) and Longxi smelters (350 ktpy). The company plans to run maintenance on seventy 500kA cells and twenty 240kA cells starting from late March, and involving 100 ktpy capacity. According to…
Weiqiao: 2019 Al Output Drops to 5.64 mln t
23/03/20 | Aluminium
Shanghai Nonferrous Metals News China Hongqiao, a listed company of the Weiqiao Group on HKEX announced on Friday, 21st March that its 2019 net profits grew by 12.7% y-o-y to RMB6.095 bln. This result was on falling production costs despite the company’s primary output falling by 11.3% y-o-y to 5.64…
Domestic W Market Remains Bleak
20/03/20 | Tungsten
China Commodity Marketplace Domestic tungsten market remained bleak this week with falling prices and sparse transactions driven by continued weak downstream demand. At present, wolframite (65% grade) mainstream quotations are at RMB86,000~88,000/standard t; scheelite (65% grade) is at RMB85,000~87,000/standard t and tungsten concentrates (50~55% grade) at RMB 83,000~85,000/standard t,…
Domestic NPI Output Declines
20/03/20 | Nickel
Shanghai Nonferrous Metals News China produced 42 kt of NPI (in Ni metal) in February 2020, down 20.8% m-o-m. The fall can be attributed to: Reduced smelter operations rates on low nickel laterite inventories High raw material prices, excessive NPI supply in conjunction with low prices have forced…
Domestic Primary Al Inventory up by 54 kt
20/03/20 | Aluminium
Cnal News 20th March: Total domestic aluminium inventory at China’s major store houses increased by 54 kt from last Thursday to 1.65 mln t, including 151 kt in Shanghai, 649 kt in Wuxi, 427 kt in Nanhai, 130 kt in Hangzhou, 204 kt in Gongyi, 57 kt in Tianjin, 17…
Shandong Hongqiao to Sell Zouping Power Plant for RMB3bln
20/03/20 | Aluminium
Sina Finance News Shandong Hongqiao (Weiqiao Group) announced on 18th March that Zouping Hongxu Thermal Power Co., Ltd., a wholly-owned power plant of Hongqiao is set to sell its assets to Shandong Guoxu New Energy Co. Ltd for RMB3 bln. With the development of its Yunnan aluminum production base, Hongqiao’s…