Pengjin Mg – Xiaxian Shanxi Suspends Operations
19/09/19 | Magnesium
Asian Metal News Pengjin Magnesium at Xiaxian County Shanxi suspended its magnesium production lines in late August in the wake of stringent environmental rules and negative margins. Production costs of Pengjin average RMB15,700/t, which is higher than current market prices. Given a bleak market outlook in addition to excessive market…
10 ktpy Mg Project for Jincheng Linchun Mg
27/08/19 | Magnesium
China Nonferrous Metals News Jincheng Linchun Magnesium’s 30 ktpy primary magnesium and magnesium alloy project is progressing smoothly, and its 10 ktpy magnesium and magnesium alloy project is scheduled to come on line by end-October 2019. It is an expansion project to the original Weiding Chemicals project, located in Lingchuan,…
Domestic Mg Prices Edge Up Slightly
24/07/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rose moderately last week driven by rising FeSi prices. However due to continued sluggish downstream demand, high-price level transactions were limited, seeing magnesium prices steady at low-levels after Wednesday last week. As of 19th July, mainstream quotations for magnesium ingot (99.9% grade) were…
Domestic Mg Prices Stable in April
16/05/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices climbed by 12.68% on-year to average RMB 17,031/t in April, with magnesium prices averaging RMB 17,091/t during the first four months of 2019 up 13.24% on-year. Domestic magnesium transactions were flat in April, but tightening coal supply in Shaanxi and IM have buoyed…
Fugu Shaanxi: Primary Mg Output to Reach 1 mtpy by end-2025
23/04/19 | Magnesium
China Nonferrous Metals News At present, there are 34 magnesium smelters in Fugu, Shaanxi, with a total designed capacity of 800 ktpy, of which, 650 ktpy has been completed. Fugu has been the largest magnesium producing region in the world since 2012. In 2018, a total of 370 kt of…
Domestic Mg Prices Continue to Rise
19/03/19 | Magnesium
China Nonferrous Metals News Last week (11~15 March): Domestic magnesium prices continued to rise on smelter production cuts and suspensions in Fugu Shaanxi, a major producing area, triggered by tightening local coal supply. As of 15th March, primary magnesium ingot (99.9% grade) was being quoted between RMB 17,400 ~17,500/t in…
February Domestic Mg Output at 58 kt
14/03/19 | Magnesium
China Nonferrous Metals News China produced 58 kt of primary magnesium in February 2019, showing a decline from January, chiefly due to the Yinman Mining accident in IM. Domestic magnesium prices have been hovering between RMB 16,950~17,150/t in February, with the monthly average price at RMB 17,025/t, up 13.58% on-year.…
Domestic Mg Output at 696 kt in 2018
05/03/19 | Magnesium
China Nonferrous Metals News Magnesium Branch of CNIA: China produced 695.6 kt of primary magnesium in 2018, down 21.36% on-year. Shaanxi, Shanxi and Ningxia remain the three major magnesium producers in China with output of 431.6 kt, 97.4 kt and 65.5 kt, down 9.87%, down 30.78% and down 61.58% respectively.…
Domestic Mg Prices Rebound Slightly
15/01/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices recently rebounded slightly by RMB 100~200/t. As of 11th January, primary magnesium ingot (99.9% grade) was being quoted between RMB 16,400 ~16,500/t in Fugu Shaanxi, RMB 16,600 in Taiyuan and RMB 16,700/t in Wenxi Shanxi. At present, the majority of domestic smelters are…
