Domestic Mg Prices Soar
10/05/23 | Magnesium
Asian Metal News Domestic magnesium prices soared rapidly by RMB 3,000/t from last Friday to RMB 26,500~27,000/t on Tuesday led by panic buying after the news on 7th May regarding suspensions of all semi-coke furnaces under 75 ktpy in Fugu Shaanxi from 10th May. Some magnesium smelters were reluctant to…
April Mg Production Surges to 70 kt
10/05/23 | Magnesium
Shanghai Nonferrous Metals News China produced 70 kt of primary magnesium in April 2023, up by 5.3% m-o-m but down by 17% y-o-y; China’s total production during the first four months of 2023 was 269 kt, down by 20% y-o-y. Domestic magnesium prices spiked in April due to the news…
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:…
Mg Transactions Slow since Wednesday
27/04/23 | Magnesium
Asian Metal News Mainstream magnesium prices lifted by nearly RMB 1,500/t on Monday to RMB 23,500~23,800/t Wednesday. Most buyers tried to complete restocking this week before the Labor Day holiday, but transactions have begun to slow since Wednesday. A northern smelter sold 100 t of magnesium at RMB 23,500/t on…
138.3 kt of Mg Production at Yulin, Shaanxi
27/04/23 | Magnesium
Shanghai Nonferrous Metals News Yulin Shaanxi had a stable beginning to 2023, with Q1 2023 production of primary aluminium at 155.4 kt, primary aluminium at 138.3 kt, polycrystalline silicon at 4.52 kt, ferroalloy at 324 kt and semi-coke at 8.29 mln t.
Domestic Mg Prices Fall
25/04/23 | Magnesium
China Nonferrous Metals News After a price hike led by news of suspensions of semi-coke furnaces two weeks ago, domestic magnesium prices dropped rapidly to RMB 25,000~27,000/t in Fugu Shaanxi last week. This represents a sharp fall of RMB 3,000~5000/t from the high point, however no actual implementation was carried…
Tin Ore Imports Rise to 21.93 kt in March
24/04/23 | Tin
Shanghai Nonferrous Metals News China imported 21.93 kt of tin ore in March 2023, up slightly m-o-m, but showing a decline y-o-y. Burma, the largest tin ore supplier to China, exported 16.79 kt to China during the month. An announcement regarding suspension of tin ore mining at Wa State Burma…
Domestic Mg Prices on the Decline
21/04/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell sharply by RMB 1,000/t from last Friday and have been lingering around RMB 26,500~26,800/t this week led by slowing procurement activities and fierce price competition among smelters. Buyers have been cautious with few transactions this week, and in view of weakening demand…
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…
