Domestic APT Price Rose Slightly
24/11/23 | Tungsten
Asian Metal News Mainstream APT prices are standing at RMB 178,000~179,000/t, up by RMB 500/t w-o-w. Industry insiders forecast domestic APT prices to trend up next week backed by tightening spot supply. An APT producer in south China disclosed the sale of 32 t of APT at RMB 179,000/t late last week…
Two Fugu Mg Smelters Resume Operations
17/11/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter powered up two sets of 150 ktpy semi-coke furnaces on 17th November and is set to resume production on 25th November with daily production expected at 80 t. The company intends to produce 600 t of magnesium in November and will restart three…
Shanxi New Energy Mg Suspends Operation
13/11/23 | Magnesium
Asian Metal News Shanxi New Energy Magnesium suspended operations on 5th November and is set to resume operations in January 2024- with daily production increasing to 200 kt. As of today, the company has produced 100 t of magnesium in November, down by 600 t m-o-m. According to a…
Domestic Mg Transactions Slow
10/11/23 | Magnesium
Asian Metal News Domestic magnesium transactions slowed on the spot market with prices at RMB 21,200~21,500/t on Wednesday, unchanged from the previous trading day. In view of the slower transactions, industry commentators forecast continued weak prices next week. A magnesium buyer bought 62 t of magnesium at RMB 21,100/t on…
Anhui Salt Lake: Teli Mg New Materials Completes Mg and Al Alloy Project
08/11/23 | Magnesium
China Nonferrous Metals News Anhui Salt Lake Teli Magnesium New Materials has completed the acceptance of its magnesium and new aluminum alloy materials development and application project, with an annual capacity of 5 kt. The project is located in the economic development center of the Yangtze River Delta, making use…
Domestic Mg Prices on the Decline
24/10/23 | Magnesium
Asian Metal News 24th October: Domestic magnesium prices fell by RMB 1,000/t from last Friday to RMB 21,500~22,000/t under pressure of increasing supply led by resumption of previously idled capacities. Most buyers were watchful and industry commentators forecast prices to dip further this week. According to a magnesium consumer in…
China TiO2 Pigment Production of 300 kt in September
18/10/23
Shanghai Nonferrous Metals News China produced 300 kt of TiO2 pigment in September 2023, down by 9.2% m-o-m but up by 6% y-o-y. China produced 2.83 mln t of TiO2 pigment during the first nine months of 2023, down slightly by 2.3% y-o-y.
Wuning Dahutang W Project Commences
13/10/23 | Tungsten
Xinhua News 7th October: Backed by total investment of RMB 10 bln, the Dahutang Tungsten Mine and Tungsten Industrial Park project in Wuning County has been launche The Dahutang tungsten mine is located in Wuning County, Jiangxi. The project has 1.22 mln t of tungsten resources (WO3 65%), with associated…
Baowu Steel and WCS to Jointly Develop Iron Ore Mine in Guinea
09/10/23 | Iron Ore
Aladdiny 7th October: A signing ceremony between Baowu Steel Group and Winning consortium Simandou (WCS) was held in Shanghai. Under the agreement, Baowu Resources and WCS will work together to develop blocks 1 and 2 of the Simandou iron ore mine in Guinea.
