Domestic Mg Transactions Slow
20/09/22 | Magnesium
Asian Metal News Domestic magnesium transactions have been slow recently, with current primary magnesium prices sitting at RMB 24,300~24,800/t ex-works, continuing stable from last Friday. Some vendors are willing to compromise on prices to facilitate sales, and, given fierce price competition among vendors, prices are expected to trend down further…
Moly Concentrate Prices Spike
16/09/22 | Molybdenum
China Mining News 15th September: 510 t of molybdenum concentrate (50% min grade) was sold at RMB 2,915~2,940/mtu by a Henan miner via offer bid channels, marking a new high for the last 13 years. At present, production costs of FeMo have climbed to RMB 190,000/t and FeMo prices are…
Yunhai Metals: 100% Self-Consumption of Primary Mg
14/09/22 | Magnesium
Shanghai Nonferrous Metals News Yunhai Metals: According to an announcement from Yunhai Metals; “100% of primary magnesium that we produced is used internally for magnesium alloy production by the company. We currently have some initial R&D works underway on magnesium hydrogen storage batteries; but have no plans for magnesium secondary…
Shuntai Mg to Resume Production in September
13/09/22 | Magnesium
Asian Metal News Shuntai magnesium smelter at Baode, Xinzhou Shanxi is set to resume magnesium production on 16th September with daily production of 30 t and an expected total of 450 t in September. The company suspended operations on 20th July amid harsh summer heat and the smelter was idled…
Ganzhou W Association Increases Guide Prices in Sept.
06/09/22 | Tungsten
Shanghai Nonferrous Metals News Ganzhou Tungsten Association has published its guide prices for September 2022, raising wolframite concentrate (55% WO3) prices by RMB 2,000/t m-o-m to RMB 115,000/t. APT prices are up by RMB 3,000/t m-o-m to RMB 177,500/t and tungsten powder (medium grain) prices up by RMB 3/kg to…
Domestic Mg Prices Edges Down
06/09/22 | Magnesium
Asian Metal News Domestic magnesium prices edged down slightly by RMB 500/t from last Friday to RMB 24,500~25,000/t ex-works by cash led by lackluster demand and fierce price competition among smelters. Downstream buyers were cautious about replenishment, resulting in a flat market with few transactions. Industry commentators forecast domestic magnesium…
Xianglu: H1 2022 Operating Income up by 16% Y-o-Y
05/09/22 | Tungsten
23rd August: Guangdong Xianglu’s H1 2022 report shows that the company realized an operating income of RMB 900 mln, up by 16.15% y-o-y. The net profit attributable to shareholders of the listed company was RMB 23 mln down by 4.93% y-o-y. In H1 2022, Xianglu consolidated the market of its…
IM Cancels Preferential Electricity Prices
02/09/22 | Nickel
Fubao News 30th August: The local authority of IM announced that it will cancel its preferential electricity price policy, with effective from 1st September 2022. IM NPI smelters will be impacted directly, seeing electricity prices increase by RMB 0.02/kWh to RMB 0.43~0.45/kWh in eastern IM. IM’s NPI production represents approximately…
Domestic Mg Transactions Slow
01/09/22 | Magnesium
Asian Metal News 31st August: Rising COVID numbers and more stringent pandemic control policies have forced suspension of several coal mines in Shenmu and Fugu, propping coal prices to RMB 1,500/t, which is up by RMB 300/t from last week. In addition, slowing logistics and low levels of coal stocks…
