2022 Encouraged Catalogue for Foreign Investment
16/11/22 | Magnesium
China Nonferrous Metals News NDRC (National Development and Reform Commission) and MOC (Ministry of Commerce) jointly published the “2022 Encouraged Catalogue for Foreign Investment”, which will come into effect on 1st January 2023. Magnesium alloy and deep processing projects are, once again, included in the national catalogue of industries that…
Indonesia: 404 kt of NPI Production as of Mid-Nov
15/11/22 | Nickel
China Nonferrous Metals News Indonesian MODI: As of 14th November, Indonesia produced 34.94 kt of tin in 2022, achieving 49.9% of its annual target. The country’s NPI production was 404.57 kt, and nickel matte (MHP) production was 62.08 kt, achieving 24.24% and 73.99% of the annual production targets respectively.
Indonesian PENTA 8 mtpy Ni Laterite Project Commences
15/11/22 | Nickel
China Nonferrous Metals News 10th November: The Indonesian PENTA 8 mtpy nickel laterite project, under EPC contract jointly between the southern China Branch of CEEC (China Energy Engineering Cooperation) and CEEC Guangdong Thermal Power has started construction. Designed with 8 mtpy capacity and covering an area of 1,220 hectares, the…
China Produces 35.7 kt of NPI in October
11/11/22 | Nickel
Shanghai Nonferrous Metals News SMM: China produced 35.7 kt of NPI (in Ni metal) in October 2022, up by 14.2% m-o-m and up by 14.6% y-o-y. The demand for NPI rose rapidly boosted by increased operations of downstream stainless steel smelters in the wake of soaring prices and higher profit…
China Produces 79 kt of Mg in October
11/11/22 | Magnesium
Shanghai Nonferrous Metals News SMM: China produced 79 kt of magnesium ingot in October 2022, down by 3.75% m-o-m but up by 33.8% y-o-y. China’s total magnesium production during the first ten months of 2022 totaled 806.8 kt, up by 28.68% y-o-y. Domestic magnesium smelters face mounting inventories due to…
LoMo and Billions: More than 1 mln t of TiO2 Pigment in 2022
10/11/22
Shanghai Nonferrous Metals News LoMo and Billions: Production at the company’s Panzhihua titanium chloride project has reached 10 kt per month, and is being used for TiO2 pigment production. Panzhihua’s capacity is expected to be expanded to 300 ktpy. As of 30th June 2022, the company’s TiO2 pigment capacity reached…
Domestic Mg Prices Stable
09/11/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices are sitting at RMB 24,100~24,400/t today, holding stable from last Friday. The market remains flat with limited transactions. A norther smelter bought 31 tonnes of magnesium ingot at RMB 24,100/t last Friday and is remaining watchful this week. In view of tepid demand…
China W High-Tech: Net Profits of RMB 399 mln from Q1~Q3 2022
07/11/22 | Tungsten
Sina Finance News China Tungsten High-Tech: The net profit attributable to the parent company in Q3 2022 was RMB168 mln, down by 17.94% y-o-y. In the first three quarters of 2022, the Company achieved revenues of RMB 9.97 bln, up by 2.91% y-o-y. Net profit attributable to shareholders of the…
Domestic Mg Transactions Increase on Falling Prices
04/11/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices fell by RMB 400/t from last week to RMB 24,100~24,400/t, resulting in increased transactions this week. Given weaker prices and strong production costs, domestic smelters have tended to halt fierce price competition and hold their prices steady. Industry commentators forecast domestic magnesium prices…
