Domestic Mg Prices at RMB 20,000~20,300/t Last Week
05/02/24 | Magnesium
Asian Metal News Mainstream magnesium prices stood between RMB 20,000~20,300/t ex-works in cash as of 5th February 2024, continuing stable w-o-w. In view of logistics slowing and aims to increase liquidity ahead of the CNY holiday, some smelters concluded pre-sales with delivery dates scheduled after the holiday. A spokesperson for…
Fugu Shengxin Suspends Mg Production
02/02/24 | Magnesium
Asian Metal News Fugu Shengxin magnesium smelter produced 1 kt of magnesium in January 2024, up by 300 t m-o-m. The company suspended magnesium production on 20th January 2024 due to interrupted semi-coke gas supply amid high costs as well as depressed magnesium prices. A company spokesperson said, “We have…
Yulin Shaanxi: 469.7 kt of Primary Mg Production in 2023
02/02/24 | Magnesium
Asian Metal News Yulin, Shaanxi produced 606 mln t of coal, 618.3 kt of primary aluminium, 469.7 kt of primary magnesium, 16.2 kt of polysilicon, 1.14 mln t of ferro alloy, 34.69 mln t of semi-coke, 1.14 mln t of caustic soda and 2.28 mln t of calcium carbide in…
China – 2.92 bln kW of Installed Power Capacity in 2023
29/01/24 | EV
Shanghai Nonferrous Metals News 26th January 2024, NEA (National Energy Administration): By end-December 2023, China’s cumulative installed power generation capacity reached approximately 2.92 billion kilowatts, marking a 13.9% y-o-y increase. Notably, solar power capacity rose to around 610 million kilowatts, up by 55.2%, while wind power capacity reached about 440…
Domestic APT Price Rose Slightly
26/01/24 | Tungsten
Asian Metal News Most APT suppliers raised their prices this week driven by the rising price of tungsten concentrate. Mainstream APT prices are standing at RMB 181,000~182,000/t, up by RMB 500/t w-o-w. Industry insiders forecast domestic APT prices to hold at the current level next week. An APT producer in…
Domestic Mg Prices Rebound Slightly
17/01/24 | Magnesium
Asian Metal News Mainstream magnesium prices increased by RMB 150/t from last Friday to RMB20,200~20,500/t on Tuesday 16th, boosted by increased restocking activities prior to the Chinese New Year holiday which starts from 9thFebruary 2024. A magnesium consumer in northern China bought 62 t of magnesium at RMB 20,050/t last…
Lihai (Kaishi) New Energy Battery Materials Starts Construction
Shanghai Nonferrous Metals News 5th January 2024: Backed by total investments of RMB 5 bln from Lianyungang Industrial Investment Group Lihai Chemical Co., Ltd. and Yantai Kaishi Industrial Co., Ltd, the key materials project of Lihai New Energy Batteries was launched in at the Lianyungang Economic Development Zone. The project…
Xintian Mg Resumes Operations
25/12/23 | Magnesium
Shanxi Xintian News Xintian Magnesium resumed operations on 25th December 2023. The company is currently producing 80 kt of magnesium and 100 t of FeSi (75% grade) daily, aiming to ramp up magnesium production to 150 t per day. It currently holds 300 t of magnesium in stock. Xintian Magnesium…
Domestic Mg Prices at Low Levels
08/12/23 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices were being quoted at RMB 20,600/t ex-works with taxes by cash in Fugu Shaanxi, with mainstream transaction prices between RMB 20,500~20,600/t, down slightly w-o-w. Prices in other producing regions followed the downward trend. Domestic magnesium prices have been hovering…
