Fugu Yihe Suspends Mg Production
02/08/22 | Magnesium
Asian Metal News 2nd August: Fugu Yihe Magnesium suspended magnesium production and began regular maintenance on 1st August, the situation is expected to last to late October 2022. According to an inside source, “Stagnating sales, continued low prices of semi-coke together with harsh summer heat interrupting operations, has resulted in…
Domestic W Prices Edge up Slightly
29/07/22 | Tungsten
China Commodity Market Place This week, domestic concentrate vendors have been firm on prices, with mainstream wolframite concentrate (65% WO3) prices being quoted at RMB 111,000~113,000/t, sheelite concentrate (65% WO3) at RMB 110,000~112,000/t and tungsten concentrate (55% WO3) at RMB 108,000~111,000/t. Given the limited supply of tungsten concentrates on the…
Two Fugu Mg Smelters Cut Operations
29/07/22 | Magnesium
Asian Metal News 29th July: Fugu Wenzhongfeng Magnesium curbed operations by 40% and started maintenance in early July, a situation which is expected to last until mid-August. The company anticipates 500 t of magnesium production in July, down by 300 t from June. According to an inside source, the company…
Shaanxi Sanxin Suspends Mg Production
27/07/22 | Magnesium
Asian Metal News Shaanxi Sanxin suspended magnesium smelting and started maintenance on 23rd July. The company will run maintenance for one week and resume operation in early August.The company is likely to extend the maintenance plan amid weaker demand, slow sales, high production of semi-coke and weak magnesium prices. Designed…
Zhangyuan Tungsten: H1 2022 Net Profits up by 227% Y-o-Y
25/07/22 | Tungsten
Hexun News Zhangyuan Tungsten expects to achieve net profits attributable to shareholders of the listed company of RMB 122~156 mln in H1 2022, an increase of 227.64%~318.94% over the same period last year. During the reporting period, the company actively expanded domestic and foreign markets, improved product quality and took…
XTC: H1 2022 Net Profits up by 32.54% Y-o-Y
25/07/22 | Tungsten
China Securities News The total operating income of XTC (Xiamen Tungsten) was RMB 24.16 bln in H1 2022, and the net profits attributable to shareholders of the listed company were RMB 912 mln, up by 69.85% and 32.54% respectively. The sales of ternary materials from the company increased significantly y-o-y…
Fugu Shengxin Mg Suspends Operation
25/07/22 | Magnesium
Asian Metal News Fugu Shengxin magnesium smelter suspended operation in early July amid harsh summer heat, falling prices and sluggish demand. The company is set to resume operations in mid-August 2022, with daily production estimated at 40 t. The company produced 200 t of magnesium in July, down from 1.2…
Domestic Mg Prices Continue to Fall
22/07/22 | Magnesium
Asian Metal News Domestic magnesium prices fell further by RMB 300/t from Monday and RMB 600/t w-o-w to RMB 23,600~24,000/t on Friday led by continued sluggish demand, fierce price competition and weaker FeSi prices during the week. A northern magnesium smelter sold 100 t of magnesium at RMB 24,000/t early…
CNIA: China Produces 474.1 kt of Mg in H1 2022
19/07/22 | Magnesium
China Nonferrous Metals News CNIA: China produced 474.1 kt of primary magnesium in H1 2022. Magnesium production in Shaanxi was 50 kt in June, up by 14.68% m-o-m and 295.1 kt in H1 2022. In Shanxi, magnesium production was 17.3 kt in June, down by 3.36% m-o-m and 103.8 kt…
