2024 National W Concentrates Mining Quota up by 2.7% Y-o-Y
23/08/24 | Tungsten
Shanghai Nonferrous Metals News The MNR (Ministry of National Resources) recently published the total tungsten mining quotas for 2024, at 114 kt (converted to 65% WO3), up by 2.7% y-o-y. The total quota includes a first batch of quotas of 62 kt published in March 2024. Mainstream wolframite concentrate (WO3≥65%)…
China Exports 18.77 kt of Mg in April
24/05/24 | Magnesium
Shanghai Nonferrous Metals News SMM: China exported 18.77 kt of magnesium in April 2024, down by 38.1% m-o-m, led by delayed deliveries from traders and weaker overseas demand during the month. Some traders failed to deliver previous orders when magnesium prices soared rapidly in April.
Jinchuan Mg in Fugu Suspends Operation
24/05/24 | Magnesium
Asian Metal News Fugu Jinchuan suspended magnesium smelting on 21st May to carry out some pipe work and is set to resume in late May, ramping up operations to 80 t per day afterwards. Designed with 25 ktpy capacity, the company produced 800 t of magnesium in April and expects…
Shaanxi Zhongxin Resumes Mg Production
19/04/24 | Magnesium
Asian Metal News Shaanxi Zhongxin suspended magnesium smelting on 26th March 2024 to carry out maintenance on semi-coke making and desulfurizing equipment. The company is set to resume operations on 21st April after the maintenance is complete and expects daily production at around 30 t with the possibility of ramping…
Two Shenmu Mg Smelters Cut Production
22/03/24 | Magnesium
Asian Metal News Shenmu Moyuan Dingtai magnesium smelter plans to cut magnesium production by 70% decreasing its daily production to 15 t in late March. The company expects 1.3 kt of magnesium production in March and 450 t in April. Shenmu Xinqing magnesium smelter cut its daily magnesium production from…
MNR: 2024 First Batch of Production Quotas of W at 62 kt
20/03/24 | Tungsten
Ministry Natural Resources The MNR (Ministry of National Resources) recently published its first batch of tungsten mining quotas for 2024. The 2024 first batch of tungsten mining quotas is 62 kt (converted to 65% WO3), and quotas have been assigned to the following provinces; 23.67 kt to Jiangxi, 15.53 kt…
CITIC Securities: Global Mg Demand to Rise to 2.3 mln t in 2030
28/02/24 | Magnesium
Shanghai Nonferrous Metals News The trend of automobile light weighting is expected to result in continued growth of magnesium applications for vehicles. The outlook for magnesium building templates and magnesium-based hydrogen storage is also promising. The current price ratio of magnesium to aluminium has dropped to around 1.1, good for…
Domestic Mg Prices Continue to Slide
26/02/24 | Magnesium
Asian Metal News Domestic magnesium prices have been hovering at low levels recently and were down by RMB 300/t early last week. As of last Friday, mainstream magnesium prices stood at RMB 19,600~20,000/t ex-works in cash, continuing the downward trend. Industry commentators forecast prices to remain stable at low levels…
Domestic W Prices on the Rise
23/02/24 | Tungsten
Asian Metal News Domestic tungsten concentrate prices have been on the rise this week due to tightening supply. Mainstream tungsten concentrate prices (55% WO3) stand at RMB 122,000~123,000/t, up by RMB 1000/t from early this week. Industry insiders forecast domestic tungsten concentrate prices to hold at the current level next…
