Domestic Mg Prices on the Decline
07/06/22 | Magnesium
Shanghai Nonferrous Metals News 6th June: Mainstream magnesium quotations continued to drop today, falling by RMB 1,000/t from last Thursday to RMB 26,500~27,000/t in Fugu, Shaanxi. With a surplus market and falling magnesium prices for more than a month, downstream buyers have been wary about restocking. In the wake of…
Domestic W Prices Stable
02/06/22 | Tungsten
China Commodity Market Place The domestic tungsten concentrate market has been flat this week, with concentrate vendors holding firm on price and downstream smelters being reluctant to take high-level quotes. Mainstream wolframite concentrate prices (65% WO3) are steady at RMB 110,000~112,000/t, scheelite concentrate prices (65% WO3) at 109,000~111,000/t, and tungsten…
Fugu Jujinbang Suspends Mg Production
01/06/22 | Magnesium
Asian Metal News Jujinbang, a magnesium smelter in Fugu, Shaanxi, suspended magnesium smelting for circuit maintenance on 30th May and plans to restart on 10th June. Designed with 20 ktpy magnesium capacity, the company produced 1 kt of magnesium in May with its June production estimated at 800 tonnes. It…
Shenmu Xinqing Suspends Mg Production
31/05/22 | Magnesium
Asian Metal News Shenmu Qinqing suspended magnesium smelting on 25th May, due to a lack of required environmental assessments. The company is working to accelerate the process but a date for resuming production is uncertain. The company is set to produce 1,560 t of magnesium in May, down by 200…
Qinghai Salt Lake: 40 ktpy Lithium Projects for Battery
30/05/22 | EV
Shanghai Nonferrous Metals News 26th May: Qinghai Salt Lake Co. Ltd. announced that the company will invest RMB 7 bln to build a 40 ktpy lithium project, including a 20 ktpy battery grade lithium carbonate and a 20 ktpy lithium chloride project. The project is scheduled for completion in two…
Yunhai Metals: Acquisition of Dolomite Resources
27/05/22 | Magnesium
Asian Metal News 22nd May, Yunhai Metals announced that the company has acquired the mining rights to some dolomite resources at Qingtaishan mine, Chaohu, Anhui at RMB 365 mln via its subordinate Anhui Chaohu Yunhai Magnesium Co. Ltd. After this acquisition, Anhui Chaohu Yunhai Magnesium will increase its dolomite resources…
Domestic Mg Prices Fall
26/05/22 | Magnesium
China Nonferrous Metals News 20th May: Mainstream magnesium prices were being quoted at RMB 33,000/t (ex-work with taxes) in Fugu Shaanxi, with several transactions closing at RMB 32,500~33,000/t, down by RMB 4,000/t from a high point a week ago. Magnesium smelters in other producing regions followed suit and tuned down…
Ganfeng Li: 50 ktpy Li Battery Project Starts Construction
25/05/22 | EV
Shanghai Nonferrous Metals News Fengcheng Ganfeng Lithium Co. Ltd’s 50 ktpy lithium battery new energy material project started construction in Fengcheng, Yichun, Jiangxi. Backed by total investment of RMB 2 bln, the project will be carried out in two phases and is scheduled for completion in three years. Ultimately, the…
Domestic W Prices Steady at Low-end
25/05/22 | Tungsten
China Commodity Marketplac Domestic tungsten concentrate prices have stabilized at low levels backed by vendors’ strong will to shore prices. However, downstream smelters remain cautious, resulting in a flat market with few transactions. Main stream wolframite concentrate prices (65% WO3) have been stable at RMB 110,000~112,000/t, while scheelite concentrates were…
