Domestic W Prices Decline
06/05/22 | Tungsten
China Commodity Marketplace Ganzhou Tungsten Association published the guide prices for May 2022: wolframite concentrates (55% WO3) at RMB 112,500/t, APT prices at RMB 176,000/t and tungsten powder medium grain at RMB 276/kg, down by RMB 5,500/t, RMB 6,000/t and RMB 6/kg respectively. JXTC Zhangyuan Tungsten tuned down its procurement…
China Moly: Business Revenue of RMB 44.5 bln in Q1 2022
05/05/22 | Tungsten
People Net China Moly achieved RMB 44.5 bln in business revenues for Q1 2022, up by 11.55% y-o-y; the net profits belonging to the listed company were RMB 1.79 bln, up by 77.88% y-o-y. During Q1 2022, the company produced 3,812 tonnes of molybdenum and 1,943 tonnes of tungsten in…
Qingdao NPI Project, Indonesia Commissioning
05/05/22 | Nickel
Shanghai Nonferrous Metals News The No. 2 NPI production line of Taishan Steel, Qingdao Investment Group and Qingdao Xiyuan at Indonesia has been powered up and progressed to the integrated commissioning stage. The project is expected to generate some output in May 2022 and a further three NPI production lines…
Domestic Mg Transactions on the Rise
05/05/22 | Magnesium
Asian Metals News Domestic magnesium transactions were on the rise after prices stopped falling and stabilized on Monday, 2nd May. With buyers becoming more active, mainstream magnesium transactions prices stood at RMB 35,000~36,000/t, continuing stable from late last week, but down by RMB 2,000/t from last Monday. Some Shaanxi smelters…
China Mg Exports Prices to Fall Further
28/04/22 | Magnesium
Asian Metal News China’s magnesium exports slowed in the wake of weaker global demand and a gloomy outlook going forward. Declining magnesium prices on the domestic market in conjunction with higher USD/RMB exchange rates has driven mainstream magnesium export prices back to USD 5,900~6,000/t FOB China with taxes, down by…
Wulong Mg: Smart 5G Pellet Feeder Operational
28/04/22 | Magnesium
Net Ease News Wulong magnesium smelter at Yuanqu Shanxi set a smart 5G pellet feeder on track in its No. 2 magnesium reduction workshop and put it into trial operation. The new pellet feeder is a major technological achievement by Wulong magnesium and Taiyuan Technology University. The technology will minimize…
China Produces 1.04 mln t of TiO2 Pigment in Q1 2022
26/04/22
China Nonferrous Metals News China produced 1.04 mln t of TiO1 pigment in Q1 2022, up by 106.7 kt or 11% y-o-y. During Q1 2022, domestic TiO2 pigment prices have been stable with a slight upward trend. Rutile titanium TiO2 pigment prices averaged RMB 19,500~21,000/t during Q1 2022, up by…
Domestic Mg Prices Rebound
26/04/22 | Magnesium
China Nonferrous Metals News Weakening downstream demand pushed magnesium prices down to RMB 34,000/t at the beginning of last week. However, the news of magnesium ‘stockpiling’ suppressed the trend and has propped magnesium prices since last Wednesday. As of 22nd April, mainstream magnesium prices were being quoted at RMB 38,000/t…
Zhangyuan Tungsten:2021 Net Profits up by 343.84% y-o-y
25/04/22 | Tungsten
Finance News Zhangyuan Tungsten’s 2021 annual report shows the company achieved an operating income of RMB 2.66 bln, an increase of 37.97% y-o-y. Net profit attributable to shareholders of listed companies was RMB 165 mln, an increase of 343.84% y-o-y. Ganzhou Aoketai, a subordinate of Ganzhou Jiangxi, achieved operational revenue…
