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…
China Imports 430 kt of NPI in March
25/04/22 | Nickel
Shanghai Nonferrous Metals News China imported 430 kt of NPI in March 2022, up by 32.53% m-o-m and up by 28.61% y-o-y, led by steady production from China-Indonesian JV NPI projects. Converted to figures in nickel metal, China imported 63 kt of NPI (in Ni metal) up 26.47% m-o-m and…
China Produces 239 kt of Mg in Q1 2022
22/04/22 | Magnesium
Asian Metal News China produced 83.3 kt of magnesium in March 2022, up by 3.67% m-o-m and up by 15.46% y-o-y. China produced 239 kt of magnesium in Q1 2022, up by 14.02% from 210 kt from the same period last year. For the top three magnesium producing provinces of…
Domestic Mg Prices under Pressure
20/04/22 | Magnesium
China Nonferrous Metals News Domestic magnesium prices trended down slightly last week under pressure from slower logistics and weaker demand. As of 15th April, mainstream magnesium transaction prices in Fugu Shaanxi dropped by RMB 3,000/t to RMB 36,000~36,500/t in a week, with prices in other magnesium producing regions falling as…
CAAM: Auto Production and Sales in March
18/04/22 | EV
Ifeng News CAAM (China Association of Automobile Manufacturers): Auto production and sales in March 2022 were 2.24 mln and 2.23 mln, up by 23.4% and 28.4% m-o-m, but down by 9.1% and 11.7% y-o-y. During the first three months of 2022, China’s auto production and sales were 6.48 mln and…
Four RKEF NPI Furnaces Expected to be on Line in Q2 2022
15/04/22 | Nickel
Fubao News Four NPI RKEF furnaces of Taishan Steel and Qingdao Investment Group at Indonesia have moved on to the integrated commissioning stage. The project is expected to come on line by end-Q2 2022. Upon completion, each line will be capable of producing 600 t of NPI (in Ni metal)…
Lubei Chemicals: 60 ktpy Chloride Process TiO2 Pigment Project Online
14/04/22
Shanghai Nonferrous Metals News Xianghai Titanium, a wholly owned subordinate of Lubei Chemicals, has brought its 60 ktpy chloride process TiO2 pigment project on line recently.
Domestic Mg Prices Remain Stable
13/04/22 | Magnesium
China Nonferrous Metals News Mainstream magnesium prices were being quoted at RMB 39,500~40,000/t last week, with most transactions closing at RMB 39,500/t. Domestic magnesium prices have been stable at RMB 40,000/t level for more than three weeks. Industry commentators forecast domestic magnesium prices to continue stable next week.
