Two Mg Smelters in Fugu Suspend Operations
27/03/23 | Magnesium
Asian Metal News Fugu Jinwangtong Magnesium smelter is set to suspend magnesium smelting and run maintenance in late March 2023. As yet, the date of resumption is undecided. According to an internal source, the company has been mired in loss for several months and in view of continuing weak demand,…
Fugu Xintian Mg Suspends Operations
22/03/23 | Magnesium
Asian Metal News Fugu Xintian magnesium smelter is set to suspend smelting on 26th March, 2023 and the date of resumption is undecided. According to an internal source; “We have been mired in loss for four months since December 2022 due to low prices and slow sales of semi-coke together…
Yunhai Metals: 300 ktpy Mg Project at Qingyang Anhui Progressing
15/03/23 | Magnesium
Shanghai Nonferrous Metals News The construction of Yunhai Metals’ primary magnesium (300 ktpy) and magnesium alloy project (300 ktpy)is progressing smoothly at Qingyang County, Anhui. Construction is being carried out in areas of primary magnesium, magnesium alloy, alloy deep processing, and transportation corridors. Once the Qingyang project completes, it will…
Domestic Mg Market Appears Flat
14/03/23 | Magnesium
Asian Metal News Mainstream magnesium prices are currently stable at RMB 20,400~20,700/t ex-works by cash, remaining unchanged from last Thursday. In view of continued sluggish demand, transactions were few this week. A northern smelter is quoting at RMB 20,500/t ex-works by cash but concluded no deals this week. The smelter…
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…
LoMo and Billions: TiO2 Pigment Sales Close to 120 kt in Feb.
08/03/23
Shanghai Nonferrous Metals News LoMo and Billions made sales of 120 kt of TiO2 pigment in February 2023, hitting a new high point, of which about 55% is for export. After the acquisition of Fengyuan Co. Ltd., the company currently has titanium concentrate production of 150 kt per month and…
Mg Exports Slow, Prices Fall
07/03/23 | Magnesium
Asian Metal News 7th March: Mainstream magnesium export prices fell to USD 3,080~3,130/t FOB China with taxes, down by USD 30/t from last Thursday and down by USD 130/t from last Monday, a result of sluggish global demand. In view of continuing weak demand and fierce competition among sellers, industry…
Domestic Mg Prices Fall
01/03/23 | Magnesium
Asian Metal News Mainstream magnesium price fell by RMB 100/t from last Thursday to RMB 21,200~21,500/t this week. The market appeared flat and buyers were cautious. Industry commentators forecast magnesium prices to continue weak in view of lackluster demand and strong sales interests of venders. A northern magnesium smelter cut…
