Two Shaanxi Mg Smelters Curb Operations
06/12/22 | Magnesium
Asian Metal News Yulin Tianlong magnesium smelter curbed operations on 28th November, reducing its daily production from 85 t to 60 t. The company intends to produce 1.8 kt of magnesium ingot in December, down by 700 t m-o-m. According to an internal source, firm coal prices, weak prices and…
Domestic Mg Prices Fall Further
02/12/22 | Magnesium
Asian Metal News Mainstream magnesium prices have fallen rapidly by RMB 900/t from last Friday to RMB 22,100~22,400/t today led by a weak market and fierce price competition amongst smelters. A magnesium buyer in norther China bought 100 tonnes of magnesium at RMB 22,300/t on Tuesday and intends to buy…
Domestic Mg Prices Continue to Fall
29/11/22 | Magnesium
Asian Metal News Domestic magnesium prices fell further by RMB 500/t from last Friday to RMB 22,500~22,800/t today led by a weak market outlook and fierce price competition among smelters. A northern magnesium smelter sold 100 t magnesium at RMB 23,000/t last Friday and sold 100 tonnes more on Monday…
Sichuan: High Quality Development of V & Ti
28/11/22
China Mining News The local authority of Sichuan recently released a strategy plan for developing a world-class vanadium-titanium base with a total industrial value of more than RMB 200 bln. Targets for 2025 include: The comprehensive utilization rate of vanadium and titanium resources to exceed 55% and 35% respectively, and…
Domestic Mg Prices on the Decline
25/11/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell by RMB 300/t from last Friday to RMB 23,200~23,500/t ex-works by cash. A northern magnesium smelter sold 31 tonnes of magnesium at RMB23,200/t on Thursday, down by RMB 100/t from a 100 t deal it made on Tuesday. According to an industry…
China Produces 756.2 kt of Mg in January to October 2022
23/11/22 | Magnesium
China Nonferrous Metals News CNIA: China produced 756.2 kt of magnesium during the first ten months of 2022, up by 1.61% y-o-y. Of the total, production from Shaanxi was 468.1 kt and Shanxi was 168.4 kt, up by 2.72% and 3.76% respectively y-o-y. Shaanxi produced 45.1 kt of magnesium in…
Domestic Mg Prices under Pressure
22/11/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell by RMB 100/t from last Friday to RMB 23,400~23,700/t today led by lackluster demand and fierce price competition among smelters. A northern magnesium smelter sold 100 tonnes of magnesium ingot at RMB 23,500/t last Thursday; and sold 31 tonnes more on Monday…
China Imports 537 kt of NPI in October 2022
22/11/22 | Nickel
Fubao News China imported 537 kt of NPI in October 2022, down by 16.8% m-o-m but up by 79.6% y-o-y. Of the total, 487 kt of NPI was imported from Indonesia, down by 109 kt or 19.7% m-o-m, but up by 238 kt or 95.6% y-o-y. China imported 4.68 mln…
Domestic Mg Prices Edge Down Slightly
16/11/22 | Magnesium
Asian Metal News Mainstream magnesium prices fell slightly by RMB 200/t to RMB 23,800~24,100/t this week led by sluggish demand. In anticipation of continuing weak demand and smelters strong will to make sales, industry commentators forecast domestic magnesium prices to trend down slightly this week. A northern magnesium smelter reduced…
