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…
Fugu Jinchuan Mg Maintenance
15/08/22 | Magnesium
Asian Metal News Fugu Jinchuan Magnesium curbed operations by 50% on 25th July with daily production at 30 t and started maintenance, a situation which is expected to last until mid-August. The company anticipates 900 t of magnesium production in August, down by 800 t from July. According to an…
Shenmu Xinqing Set to Resume Mg Production in Mid-August
12/08/22 | Magnesium
Asian Metal News Shenmu Xinqing Magnesium smelter suspended operations on 25th May 2022, pending environmental assessment approval from relevant authorities. The company remained idle and ran maintenance in June and July during the waiting period. Low prices and slow sales of semi-coke have also been weighing on operations. The company…
