China Imported 4.48 mln t of Ni Laterite in Oct.
23/11/21 | Nickel
Shanghai Nonferrous Metals News China imported 4.48 mln t of nickel laterite (DMT and WMT mixed) in October 2021, down by 21.3% m-o-m and down by 12.2% y-o-y. China’s nickel laterite imports from the Philippines dropped by 22.8% m-o-m or 12.6% y-o-y to 4.01 mln t in October. China imported…
Fugu Jujinbang Mg Resumes Production
18/11/21 | Magnesium
Asian Metal News Fugu Jujinbang Magnesium restarted magnesium ingot production on 15th November 2021 after having been idle since April. The company produced 30 tonnes of magnesium on 15th November, and intends to produce 400 tonnes in November. Fugu Jujinbang suspended operations on 22nd April 2022 due to liquidity pressures…
Shaanxi Yulin: Mg Production Increases in Q3
15/11/21 | Magnesium
Asian Metal News From January to September 2021, the cumulative production of magnesium in Yulin Shaanxi was 416.8 kt, up 3% y-o-y. Yulin produced 34.9 kt of magnesium in September, down 6% from 37.1 kt in August, compared with its July production of 41.7 kt. Yulin’s 2021 cumulative production of…
Domestic Mg Prices Rebound to RMB31,000/t
10/11/21 | Magnesium
China Nonferrous Metals News 5th November: Mainstream primary magnesium ingots were being quoted at RMB32,000~33,000/t in Fugu Shaanxi, with mainstream transaction prices at RMB31,000/t, bouncing up by RMB4,000/t from a low position last week. Domestic magnesium smelters face shrinking profits led by strong production costs. Market analysts project domestic magnesium…
Xiamen Jinlu: W Powder and Cemented Carbide Project in Xiamen
09/11/21 | Tungsten
Xiamen Tungsten News Xiamen Xiamen Jinlu Cemented Carbide Co., Ltd. plans to invest RMB1.99 bln in constructions of tungsten powder and cemented carbide alloy production lines in Haicang district, Xiamen. The project involves 12 ktpy of tungsten powder, 11.2 ktpy of mixed tungsten material, 2 ktpy of cemented carbide production…
China’s First Li Metal Battery Production Line Completed
09/11/21 | EV
Asian Metal News China’s first domestic lithium metal battery production line has been completed, with a half-year output value of RMB30 million. The R&D investor, Beijing Jinyu New Energy Co., Ltd., is continuously optimizing batteries used in the 3C field. The battery is at the stage of development and trial…
Domestic W Prices Fall Slightly
05/11/21 | Tungsten
Asian Metal News Domestic tungsten concentrate prices fell slightly this week, mainstream wolframite concentrate (65% WO3) prices fell by RMB2,000/t from last Friday to RMB109,000~111,000/t. Concentrate vendors are tending to hold firm on tighter supply, while downstream APT smelters are cautious about restocking amid weaker demand. Market commentators project domestic…
Xialong W Completes Mining Expansion
04/11/21 | Tungsten
China Nonferrous Metals News Xialong Tungsten Industry Co., Ltd. recently completed an expansion of mining below 86 meters at the Zuoba tungsten mine and was granted a Mineral Resources Exploration License by the Ministry of Natural Resources. The survey covers an area of 22.74 square kilometers and will expire on…
Domestic Mg Prices Continue to Fall
04/11/21 | Magnesium
Shanghai Nonferrous Metals New 3rd November 2021: Mainstream magnesium prices were being quoted at RMB28,500~29,500/t ex-works (with taxes) in Fugu Shaanxi, down by RMB3,000/t from yesterday. In Fugu, magnesium ingot transaction prices fell to RMB29,000/t. According to an internal source, the domestic market remains weak with few transactions. Magnesium producers…
