China RE Group Established
27/12/21 | Tungsten
China Mining News 23rd December 2021: China Rare Earth Group Co., Ltd. was officially established. China Rare Earth Group is directly under the supervision of the SASAC (The State-owned Assets Supervision and Administration Commission of the State Council) and has diversified shareholders. It has six shareholders, including: SASAC (31.21% stake);…
China Imports 4.01 mln t of Ni Laterite in November
22/12/21 | Nickel
Shanghai Nonferrous Metals News China imported 4.01 mln t of nickel laterite in November 2021, down by 10% m-o-m but up by 12% y-o-y. The Philippines remains the largest nickel laterite supplier to China with 3.34 mln t of exports in November, down by 17% m-o-m but up by 12%…
China Exports 36.16 kt of Mg in November
22/12/21 | Magnesium
Shanghai Nonferrous Metals News China exported 36.16 kt of magnesium in November 2021, up by 48.6% m-o-m and up by 37.6% y-o-y. China exported 250 kt of magnesium from January to November 2021, up by 37.6% y-o-y.
Domestic Mg Prices Edge Down
21/12/21 | Magnesium
Shanghai Nonferrous Metals New Slowing transactions during the weekend leveraged down domestic magnesium quotation prices by RMB 500/t from last Friday to RMB 41,500~42,000/t today in Fugu Shaanxi. According to a local Fugu smelter, shrinking overseas orders prior to the Christmas holiday, absence of support from the futures market and…
XTC: Acquisition of Bobai W/Mo Mine in Guangxi at RMB 301 mln
16/12/21 | Tungsten
Shanghai Nonferrous Metals News 14th December 2021: Xiamen Tungsten Group (XTC) announced that the company is set to acquire a 100% equity in Bobai Judian from Shenwei Mining Co. Ltd at RMB 301 mln. Located at Bobai County, Guangxi, Bobai Judian owns the mining rights to the Youmapo tungsten and…
Domestic TIO2 Pigment Producers Raise Prices
15/12/21
Shanghai Nonferrous Metals News 14th December: CNNC (Hua Yuan Titanium Dioxide Co.), Guangdong Huiyun Titanium, and Panzhihua Taihai Technology raised their TiO2 pigment prices by RMB1,000/t on the domestic market and by USD150/t for exports, with effect from 1st January 2022. All prices are ex-works with taxes. On Monday 13th…
Domestic W Prices Rise
15/12/21 | Tungsten
China Commodity Market Place Domestic wolframite concentrate prices (65% WO3) have increased to RMB 107,000~109,000/t, scheelite concentrate prices (65% WO3) at 106,000~108,000/t, and tungsten concentrate prices (55% WO3) at RMB 104,000~106,000/t. Tightening spot supply in conjunction with tungsten venders’ wait-and-see attitudes have shored transaction prices for tungsten concentrates this week.…
Domestic Mg Prices on the Rise
15/12/21 | Magnesium
Asian Metal News Domestic magnesium prices trended up slightly by RMB1,000/t to RMB41,000~42,000/t on Tuesday, boosted by tighter supply caused by environmental audits underway in the major producing regions of Shaanxi and Ningxia. Industry commentators project domestic magnesium prices to keep steady or describe a slight uptick this week, given…
China Produces 744.2 kt of Mg from January to October 2021
14/12/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 744.2 kt of primary magnesium from January to October 2021. Of the total, 455.7 kt was produced in Shaanxi, 162.3 kt in Shanxi, 38 kt in IM and 65 kt in other regions of China. During November, domestic magnesium prices hovered between RMB…
