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…
Mg Exports Slow
15/07/22 | Magnesium
Asian Metals News 14th July: China’s magnesium exports slowed during the slack season, seeing prices fall to USD 3,770~3,840/t FOB China with taxes or USD 3,600~3,650/t FOB China without taxes, down by USD 20/t from last Thursday. One northern magnesium trader reported no deals this week, the last being a…
Domestic Mg Prices Continue under Pressure
14/07/22 | Molybdenum
China Nonferrous Metals News As of 8th July Friday, mainstream primary magnesium prices were being quoted at RMB 24,600/t ex-work with taxes by cash in Shaanxi, with mainstream transaction prices settling at the same level, down by RMB 100/t from the previous Friday. Prices in other producing regions followed the…
