Two Fugu Mg Smelters Resume Operations
17/11/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter powered up two sets of 150 ktpy semi-coke furnaces on 17th November and is set to resume production on 25th November with daily production expected at 80 t. The company intends to produce 600 t of magnesium in November and will restart three…
Shanxi New Energy Mg Suspends Operation
13/11/23 | Magnesium
Asian Metal News Shanxi New Energy Magnesium suspended operations on 5th November and is set to resume operations in January 2024- with daily production increasing to 200 kt. As of today, the company has produced 100 t of magnesium in November, down by 600 t m-o-m. According to a…
Domestic Mg Transactions Slow
10/11/23 | Magnesium
Asian Metal News Domestic magnesium transactions slowed on the spot market with prices at RMB 21,200~21,500/t on Wednesday, unchanged from the previous trading day. In view of the slower transactions, industry commentators forecast continued weak prices next week. A magnesium buyer bought 62 t of magnesium at RMB 21,100/t on…
Anhui Salt Lake: Teli Mg New Materials Completes Mg and Al Alloy Project
08/11/23 | Magnesium
China Nonferrous Metals News Anhui Salt Lake Teli Magnesium New Materials has completed the acceptance of its magnesium and new aluminum alloy materials development and application project, with an annual capacity of 5 kt. The project is located in the economic development center of the Yangtze River Delta, making use…
Domestic Mg Prices on the Decline
24/10/23 | Magnesium
Asian Metal News 24th October: Domestic magnesium prices fell by RMB 1,000/t from last Friday to RMB 21,500~22,000/t under pressure of increasing supply led by resumption of previously idled capacities. Most buyers were watchful and industry commentators forecast prices to dip further this week. According to a magnesium consumer in…
Yunhai Metal Officially Transforms into Baowu Mg Industry
26/09/23 | Magnesium
Sohu News Nanjing Yunhai Special Metals Co. Ltd. received approval to issue shares to Baosteel Metal Co according to the “Approval for Nanjing Yunhai Special Metals Co., Ltd. to Issue Shares to Specific Parties”. Baosteel Metal presently holds 152,499,155 shares of the company, accounting for 21.53% of the total. The…
Domestic Mg Transactions on the Rise
15/09/23 | Magnesium
Asian Metal News Domestic magnesium prices rebounded to RMB 23,900~24,300/t ex-works by cash on Wednesday, up by RMB 200/t on Tuesday. Magnesium smelters were keen to prop prices and downstream buyers were active this week. A northern smelter received three inquiries and sold 93 t of magnesium at RMB 23,900/t…
Two Mg Smelters in Shenmu Shaanxi Start Maintenance
07/09/23 | Magnesium
Asian Metal News Shenmu Xinqing Magnesium started maintenance on 1st September 2023 and is set to resume operations on 21st September. The company produced 1.6 kt of magnesium in August 2023 and expects 0.6 kt production in September. Meanwhile, Shenmu Dingtai Magnesium started maintenance on 1st September and is set…
Domestic Mg Prices on the Rise
06/09/23 | Magnesium
Asian Metal News Domestic magnesium prices rose by RMB 300/t from last Friday and up by RMB 200/t on Monday to RMB 23,000~23,300/t on Wednesday, buoyed by vendors’ strong will to shore prices and on increased transactions. A northern smelter sold 31 t of magnesium at RMB 22,800/t on Monday…