Domestic W Market Stable at Low Levels
22/08/19 | Tungsten
China Commodity Marketplace Domestic tungsten miners are not interested in produce given prices being long lower than production costs; consequently they are reluctant to sell at low prices – instead hold firm on prices. At present, wolfram (65% grade) mainstream quotations are at RMB 72,000~74,000/standard t; sheelite (65% grade) is…
Henan Zhongmei to Resume Aa Operations
22/08/19 | Alumina
Asian Metal News Henan Zhongmei Alumina refinery, designed with 400 ktpy alumina capacity, suspended its 1,350/day alumina calcination furnace in early August and is set to restart operations on 24th August. The company produced 30 kt of alumina in July and its August output is expected at 15 kt. It…
Chalco Zhongzhou: 5 mln t of Imported Bx Consumed in 2019
22/08/19 | Bauxite
Asian Metal News Chalco Zhongzhou is expected to consume 5 mln t of imported bauxite in 2019, making it the largest consumer of imported in Henan. Chalco Zhongzhou consumed 400 kt of imported bauxite in July, and its August consumption is expected to be the same. Indonesian bauxite accounts for…
Production Cuts for National Day Holiday Expected in Northern China
20/08/19
Cnal News Despite the Ministry of Ecology and Environment (MEE) having not made any announcements, there is heightened speculation that massive production cuts/restrictions will prevail in northern China prior to the National Day Holiday period. (1st ~7thOctober). During commemorations of the 70th anniversary of the victory of the Anti-Japanese War…
Liquid Al Spill Halts 500 ktpy Al Capacity in Xinjiang
20/08/19 | Aluminium
Alu News 18th August: There was a liquid aluminium spill in a Xinjiang aluminium smelter which caused an explosion. In response, approximately 360 sets of 500 kA cells were suspended as of 19th August, representing the shutdown of 500 ktpy of primary aluminium capacity. The cause of the accident and…
IMF: USD 6.5 bln Investment in Guinean Bx 2017~2020
20/08/19 | Bauxite
Fubao News IMF forecast that between 2017~2020, a total of USD 6.5 bln investment will have been spent on bauxite mine and alumina refinery projects in Guinea. In the near-term, the average growth rate of bauxite demand in the global market is estimated at 5% per annum. Read More
Domestic Zn Output Expected to Climb in Q3 2019
19/08/19 | Zinc
China Nonferrous Metals News Domestic zinc output is likely to continue its upward trend and grow further in Q3 2019, thanks to improving operational rates at smelters who were previously on production cuts – despite maintenance at several smelters continuing during July. Domestic zinc output is likely to lift to…
Shandong Xinhai: 400 ktpy RKEF NPI Project at Indonesia
19/08/19 | Nickel
Shanghai Nonferrous Metals News August 16, SMM: Shandong Xinhai (Singapore) Co. Ltd. and Silkroad Nickel Ltd. signed a MOU regarding the development of a 400 ktpy RKEF NPI project in Indonesia. SMM data shows Shandong Xinhai’s July NPI output accounted for more than 25% of the national total. Xinhai is…
Rising Margins for Domestic Al Smelters
19/08/19 | Aluminium
China Nonferrous Metals News Domestic primary aluminium smelters have relatively good profit margins at present, exceeding RMB 1,000/t for smelters in Shandong and Xinjiang. The increase can be attributed to declining alumina prices instead of rising aluminium prices. As of 12th August, SHFE aluminium inventories had dropped by 41% or…
