Domestic Mg Market Stable
31/10/19 | Magnesium
China Nonferrous Metals News 25th October: Primary magnesium ingot (99.9%) was quoted at RMB 14,300/t (tax inclusive, on cash) in Fugu Shaanxi with mainstream transaction prices at RMB 14,300/t. In Shanxi, magnesium prices were RMB 14,500/t in Taiyuan, and between RMB14,600~14,700/t in Wenxi, the same level as last Friday. Market…
Chalco: Aa Prices Fall and Al Prices Stable
Sina Finance News According to Chalco’s 2019 Q3 report, domestic alumina prices were RMB 3,080 in Q3 2018, RMB 3,068 in Q4 2018, RMB 2,857 in Q1 2019, RMB 2,897 in Q2 2019 and RMB 2,556 in Q3 2019, with prices for Q3 2019 declining by 17% y-o-y and by…
Severe Air Pollution – Orange Alert for Shandong, Henan and Shanxi
Cnal News October 31st: The local authorities of Binzhou, Shandong announced an ‘Orange Alert’, indicating a severe air pollution level II from 31st October to 3rd November. The local authority of Shanxi also announced an ‘Orange Alert’ from 31st October to 4th November for cities including Taiyuan, Jinzhong, Yangquan, Linfen,…
IM Huayun Al Smelter to Start Construction in 2020
30/10/19 | Aluminium
Cnal News IM Huayun New Materials Co. Ltd, designed with total primary aluminium capacity of 460 ktpy, recently received 250 ktpy of primary aluminium replacement quotas from Baotou Aluminium. Construction of production lines is scheduled to begin in 2020, and the project is expected to come online in 2022. IM…
Shanxi Jiaokou Xinfa Postpones Resumption Plan
30/10/19 | Alumina
My Metal News As of 30th October, Shanxi Jiaokou Xinfa alumina refinery was still under suspension. The company has decided to postpone its resumption plans further, citing a bleak market outlook. Shanxi Jiaokou Alumina refinery was designed with 2.8 mtpy alumina capacity. Its continued suspension is likely to contract overall…
Domestic Bx Inventory on the Decline
30/10/19 | Bauxite
Asian Metal News Domestic bauxite inventory has dropped further on tightening supply after mines in Henan and Shanxi halted mining in response to stricter environmental requirements in place since early October. At present, bauxite with A/S 5.0 grade is being quoted at RMB 490/t and that with A/S 4.0 grade…
Chalco Shanxi: 1.8 mln t Aa in 2019
30/10/19 | Alumina
Asian Metal News Chalco Shanxi has five alumina production lines with total alumina refining capacity of 2.4 mtpy. The company produced 2.1 mln t of alumina in 2018 and its 2019 annual output is expected to drop by 14.3% y-o-y to 1.8 mln t. Chalco Shanxi has been operating below…
Tsingshan Group to Purchase Ni from LME
29/10/19 | Nickel
Shanghai Nonferrous Metals News 28 October, SMM: In anticipation of a shortfall in NPI supply at the beginning of 2020, China Tsingshan Group, the world’s largest stainless steel producer is currently seeking refined nickel supply from the market. This is the first time that Tsingshan Group has purchased a large…
MCC Restarts a NPI Smelter in Papua New Guinea
29/10/19 | Nickel
Alu News MCC (China Metallurgical Corporation of China) announced on Monday that its NPI smelters in Papua New Guinea had been restarted and had resumed normal operations after a short suspension. Last week, MCC received permission from the local government to restart the smelter with a gradual ramp up to…
