Fujian Xinlu W Deep Processing Project Online
18/09/20 | Tungsten
Shanghai Nonferrous Metals News Backed by total investment of RMB1.69 bln from XTC (51%) and Fujian Jinxin Tungsten Co. Ltd (49%), Fujian Xinlu Tungsten’s tungsten smelting and deep processing project is now online. The full project will be carried out in three phases; Phase I came online on 17th July…
Domestic W Market Stable
11/09/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate holders remained firm on prices this week. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB88,000~89,000/standard t; scheelite (65% grade) is at RMB87,000~88,000/standard t and tungsten concentrates (50~55% grade) at RMB 84,000~87,000/standard t, all stable from last week. Tungsten concentrate prices have…
RMB35.7 mln Subsidy for XTC
10/09/20 | Tungsten
Asian Metal News 9th September: XTC announced that the company and its holding subsidiaries received a total of RMB 35.7 mln in governmental subsidies related to income from June 19 to September 9, 2020. Of the total, RMB1.39 mln was electricity price subsidy, RMB 1.7 mln was enterprise listing support…
Chenzhou Diamond APT Smelter Resumes Operation
03/09/20 | Tungsten
Asian Metal News Minmetals’ Chenzhou Diamond APT smelter restated APT (88.5% min) production this week after completion of an overhaul which began in early August. The company aims to produce 1 kt of APT in September. Domestic APT prices have recently been on the rise, seeing most quotations standing at…
China Moly: Operational Revenue Surges in H1 2020
31/08/20 | Tungsten
Finance News 30th August, China Moly’s H1 2020 report showed that the company’s operating revenue reached RMB 46.7 bln, a surge of 368.44% y-o-y. The company produced 7,070 t of molybdenum and 4,664 t of tungsten during H1 2020. Source
New Mine for Zhangyuan W
25/08/20 | Tungsten
Asian Metal News According to its H1 2020 report, Zhangyuan Tungsten has acquired the mining rights and associated assets of the Huangzhulong Tungsten mine in Chongyi County. Zhangyuan Tungsten now owns the mining rights of six tungsten mines, exploration rights of six tungsten deposits, four tungsten smelters, four wholly-owned subordinate…
XTC Publishes Aug. Contract Prices
18/08/20 | Tungsten
China Commodity Marketplace XTC (Xiamen Tungsten Cooperation) published the long-term contract price for the last two weeks of August, increasing APT prices by RMB500/t from the previous term to RMB126,000/t by cash. Source
Domestic W Market Stagnates
17/08/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate holders remained firm on prices this week but transactions were sparse. At present, wolframite (65% grade) mainstream quotations are at RMB84,000~86,000/standard t; scheelite (65% grade) is at RMB83,000~85,000/standard t and tungsten concentrates (50~55% grade) at RMB 81,000~83,000/standard t, all stable from last week. The…
Chenzhou Diamond APT Smelter Suspends Operations
11/08/20 | Tungsten
Asian Metal News Minmetals’ Chenzhou Diamond APT smelter suspended APT (88.5% min) production last week to begin maintenance, which is expected to take a month. The company is scheduled to restart APT production in late August or early September. The company produced 1,000 tonne of APT in July and holds…
