Zhangyuan W: Long-term Contract Prices for June
07/06/23 | Tungsten
Shanghai Nonferrous Metal News Zhangyuan Tungsten published the long-term contract prices for the first two weeks of June this Tuesday, which are all up slightly from the previous term. Wolframtie concentrate (55% WO3) at RMB 119,000/t, up by 500/t Shceelite concentrate (55% WO3) at RMB 117,500/t, up by 500/t APT…
Long-term Contract Prices of W Concentrates and APT
18/05/23 | Tungsten
China Commodity Market Place Guangdong Xianglu increased its long-term contract prices for tungsten concentrates by RMB 2,500/t from April to reach RMB 117,500/t for wolframite concentrate and RMB 116,500/t for scheelite concentrate (55% WO3) in May. The company also raised its APT prices by RMB 2,500/t to RMB 179,500/t. Fujian…
2023 Q1 Report for Two W Producers
28/04/23 | Tungsten
Zhangyuan W and XTC News 24th April, Zhangyuan Tungsten: Zhangyuan Tungsten achieved operating revenues of approximately RMB 823 mln in Q1 2023, down by 5.75% y-o-y. The rapid decline can be attributed to weaker demand, shrinking sales and falling gross profit margins during the reporting period y-o-y. 24th April, XTC:…
MNR: 2023 First Batch of Production Quotas of W at 63 kt
17/04/23 | Tungsten
SMM News The MNR (Ministry of National Resources) recently published its first batch of tungsten quotas for 2023. The 2023 first round of tungsten mining quotas is 63 kt (converted to 65% WO3), and quotas have been assigned to Jiangxi (23.67 kt), Hunan (15.53 kt), and Henan (7.05 kt), accounting…
China APT Production at 11.7 kt in March
13/04/23 | Tungsten
Shanghai Nonferrous Metals News China produced 11.7 kt of APT in March 2023, up by 6% m-o-m. The rise in production can be attributed to APT smelters returning to normal operations, focusing on delivery of long-term contracts. Domestic APT prices on the spot market slid slightly in March led by…
MIIT: 2023 First Batch of Production Quotas for REs
11/04/23 | Tungsten
China Nonferrous Metals News 11th April 2023: MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth quotas for 2023. The 2023 first round of rare earth mining quotas is for 120 kt and the smelting quota is 115 kt, increasing from 100.8 kt and 97.2…
W Prices on the Decline in April
07/04/23 | Tungsten
Shanghai Nonferrous Metals News Ganzhou Tungsten Association published guide prices for tungsten products in April, with tungsten concentrate prices (55% WO3) at RMB 113,000/t, APT prices at RMB 173,500/t and WC powder (medium grain) prices at RMB 267/kg, down from RMB 116,000/t, RMB 178,000/t and RMB 276/kg in March 2023…
XTC: Review of Recent Projects
13/03/23 | Tungsten
XTC Company News XTC’s Youmapo tungsten and molybdenum mining project construction is scheduled for completion in H2 2026, and annual production of tungsten concentrate is expected at 3,200 standard tonnes once fully operational. XTC Xiamen Jinlu: The production line of 10 mln indexable blades per annum is now operational and…
Zhangyuan W: Smart Ultra-high Performance W Powder Project on Trial Operation
13/03/23 | Tungsten
Finance News Zhangyuan W: The “Smart ultra-high performance tungsten powder project” (powder project Phase III) was running trial operations at end-2022. Any future expansion will be dependent on market demand. The company is now retrofitting tungsten powder project phase I and II, aiming for quality improvement and cost reduction per…
