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…
Lithium-ion Battery Production Exceeds 280 GWh in H1 2022
31/08/22 | EV
China Nonferrous Metals News China’s lithium-ion battery production exceeded 280 GWh in H1 2022, up by 150% y-o-y, with total revenue of the industry exceeding RMB 480 bln. In H1 2022, China produced 32 GWh of energy storage batteries and 110 GWh of power batteries for new energy cars, while…
Fugu Jinwantong Cuts Mg Production by 30%
31/08/22 | Magnesium
Asian Metal News Jinwantong Magnesium smelter in Fugu Shaanxi reduced daily production by 30% to approximately 68 t. The company produced 3 kt of magnesium in July and 2.9 kt in August 2022. Designed with 40 ktpy magnesium capacity, Jinwantong Magnesium produced 35 kt of magnesium in 2021 and 24.5…
MNR: 2022 Production Quotas for W
29/08/22 | Tungsten
Sohu News The MNR (Ministry of National Resources) recently published its 2022 quotas for tungsten. The 2022 tungsten mining quotas are 109 kt (converted to 65% WO3), 81.17 kt of which are mining quotas and 27.83 kt are comprehensive usage quotas, up by 1 kt, 350 t, and 650 t…
Haotian Mg Smelter Curbs Operations
29/08/22 | Magnesium
Asian Metal News Haotian Magnesium smelter at Fugu Shaanxi curbed daily operations by 40% to 55 t on 25th August and expects 2.45 kt of production for the month, down from 2.7 kt from July. According to an inside source, rising COVID numbers and more stringent pandemic control policies have…
Tsingshan and Baowu Steel in Talks re NPI Production Lines Deal
26/08/22 | Nickel
Fubao News Tsingshan Group is negotiating with China Baowu Group regarding sales of eight of its NPI production lines with total annual capacity of 500 ktpy in Morowali Industrial Park (Tsingshan Industrial Park) in Indonesia. The deal is expected to be between USD 3~4 bln, with transaction terms including final…
China Produces 545.1 kt of Primary Mg from January to July
25/08/22 | Magnesium
China Nonferrous Metals News Domestic magnesium prices have been hovering between RMB 23,000~26,000/t in July, with monthly average prices rising by 21.25% m-o-m to RMB 24,322/t. As of end-July, mainstream magnesium prices were being quoted at RMB 23,200~23,400/t in Shanxi, RMB 23,000~23,200/t in Ningxia and RMB 23,000~23,200/t in Shaanxi. China…
Domestic Mg Prices Edge up
16/08/22 | Magnesium
Asian Metal News Domestic magnesium prices have increased by RMB 1,100/t from last Friday to RMB 23,500~24,000/t this week driven by improving demand. Industry commentators forecast magnesium prices are set to rise further in view of ample new orders and smelters’ strong will to prop prices. A northern smelter sold…
