Domestic Mg Production on the Rise
11/04/22 | Magnesium
Shanghai Nonferrous Metals News China produced 86.8 kt of magnesium ingot in March 2022, up by 4.33% m-o-m and up by 30.83% y-o-y. China’s total production during the first three months of 2022 reached 247.4 kt, up by 26.2% y-o-y. Last week, mainstream primary magnesium transactions prices held stable at…
Yunnan: Action Plan for New Energy Battery Industry (2022~2024)
08/04/22 | EV
Yunnan Government The local authority of Yunnan published; “Action Plan for New Energy Battery Industry Development 2022~2024”. The Plan states that: By end-2022, the scale of the new energy battery industry is to expand further to a total value of RMB 20 bln. By end-2023, with new projects coming online…
MIIT: China’s Li Battery Production Exceeds 82 GWh in Jan. and Feb.
07/04/22 | EV
Shanghai Nonferrous Metals News MIIT: China produced 82 GWh of lithium batteries in January and February 2022; and 30 GWh has been installed in new EVs. China’s production of energy storage batteries exceeded 9 GWh during the first two months of 2022. In January and February combined, China’s total export…
Domestic Mg Prices Stable
07/04/22 | Magnesium
Shanghai Nonferrous Metals News 6th April: Domestic magnesium market transactions remained flat with prices continuing stable at RMB 39,500/t in Fugu Shaanxi. With limited liquidity pressures, local magnesium smelters were reluctant to compromise on prices, resulting in a stagnated market.
Domestic W Prices on the Rise
31/03/22 | Tungsten
China Commodity Marketplace The domestic tungsten concentrate market remains firm, seeing the mainstream wolframite concentrate (65% WO3) price stable at RMB 119,000~121,000/t, scheelite concentrate (65% WO3) prices up to RMB 118,000~120,000/t and tungsten concentrate (55% WO3) up to RMB 116,000~118,000/t. Downstream buyers continue cautious, with few transactions, mainly driven by…
Yunlin Shaanxi: Mg Production Drops during January~February
29/03/22 | Magnesium
Shanghai Nonferrous Metals News 88.1 kt of primary magnesium were produced in Yunlin Shaanxi during January and February 2022, down by 11.3% y-o-y. According to local Yulin authorities, a total of 513 kt of primary magnesium was produced in 2021, down by 8.6% y-o-y. Domestic magnesium prices remained stable last…
Yulin Wanyuan Mg Expects 1.5 kt of Mg in March
24/03/22 | Magnesium
Asian Metal News Yunlin Wanyuan Magnesium smelter expects its March production to drop by 300 t m-o-m to 1.5 kt, due to dolomite supply shortages during the month. According to an internal source, dolomite prices soared by RMB 80/t m-o-m to RMB 230/t in March, which together with subpar dolomite…
China Produces 83 kt of Mg Ingots in February 2022
21/03/22 | Magnesium
Shanghai Nonferrous Metals News China produced 83 kt of magnesium ingot in February 2022, up by 0.99% m-o-m and up 25.73% y-o-y. Driven by relatively high profits, domestic magnesium production is expected to remain stable at high levels in March. Last week (14th ~18th March): Weaker downstream demand put pressure…
Domestic W Prices on the Rise
16/03/22 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate vendors are holding firm on prices, sending mainstream wolframite concentrate (65% WO3) up to RMB 118,000~119,000/t, scheelite concentrate (65% WO3) 117,000~118,000/t and tungsten concentrate prices (50~55% WO3) RMB 114,000~117,000/t. Following rising concentrate prices, domestic APT prices lifted to RMB 180,000~183,000/t. With tighter spot supply,…
