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,…
Qinghai: 14th FYP for Energy Development
14/03/22
Shanghai Nonferrous Metals News The 14th Five-Year-Plan for Energy Development in Qinghai (2021~2025) indicates that: By end-2025, 45.8 million kW of photovoltaic power capacity will be installed in Qinghai, up by 30 mln kW from end-2020. 5 million kW of wind power capacity will be installed, up by 8.07 mln…
Domestic NPI Output at 32.6 kt in February
14/03/22 | Nickel
Shanghai Nonferrous Metals News China produced 32.6 kt of NPI (in Ni metal) in February 2022, up by 2.8% m-o-m but down by 13.9% y-o-y. The decline can be attributed to some high-NPI smelters in northern China, (including Shandong, IM, Liaoning and Hebei) curbing operations due to environmental rules during…
Qinghai Tianlan: Graphite Anode Project for Li Battery
09/03/22 | Graphite
Shanghai Nonferrous Metals News Backed by total investment of RMB 1.03 bln, Qinghai Tianlan New Energy Materials brought its 10 ktpy graphite anode project for lithium batteries online recently. The project is being developed in two phases.
Yulin Coal Technology Resumes Mg Production
08/03/22 | Magnesium
Asian Metal News Yulin Coal Technology suspended magnesium production in late January amid coal gas supply shortages. It remained idle during most of February and restarted operations late in the month. Designed with 10 ktpy capacity, the company produced 7.2 kt of magnesium ingot in 2021, 600 tonnes in January,…
China Exports 477.8 kt of Mg and Mg Products in 2021
02/03/22 | Magnesium
China Nonferrous Metals News China exported 477.8 kt of primary magnesium and magnesium products in 2021, up by 21.3% y-o-y from 393.8 kt in 2020. Total export revenue amounted to USD 1.94 bln, up by 101.2% y-o-y, with the average export price at USD 4,052/t, up by 65.8% y-o-y. China…
MNR: First Batch of Production Quotas for REs and W
28/02/22 | Tungsten
SMM News The MNR (Ministry of National Resources) recently published its first batch of rare earth and tungsten quotas for 2022. The 2022 first round of rare earths mining quotas is 100.8 kt, 11.49 kt of which is ionic type, and 89.31 kt is rock type. The 2022 first round…
NDRC Improves Pricing Mechanism for Coal
25/02/22
Cnal News NCRC recently published three measures to improve the market mechanism of coal pricing. The NDRC notice emphasises: Direct coal prices to fluctuate within a reasonable range. From past experience, mid-long term coal prices at Qinhuangdao Port (5,500 kcal) at RMB 570~770/t (with taxes) is within a reasonable range.…
