China Mg Association: Collective Move for Healthy Development
30/08/21 | Magnesium
Sohu News Domestic coal prices have surged by 83% from RMB600/t in early 2021 to RMB1,100/t and FeSi prices have increased by 75% from 5,700/t to RMB10,000/t; rapidly rising raw material costs which have boosted magnesium production costs by approximately RMB10,000/t during 2021. In addition, with industrial policy/environmental pressures continuing…
Domestic W Market Sable
25/08/21 | Tungsten
China Commodity Marketplace Domestic tungsten prices have been stable recently. Mainstream wolframite (65% WO3) prices are steady at RMB112,000~113,000/t, scheelite prices (65% WO3) at RMB111,000~112,00/t and tungsten concentrate (50~55% WO3) prices at RMB108,000~111,000/t. Spot market transactions were few, with APT smelters reluctant to restock at high prices, while low-price concentrates…
Domestic Mg Prices Increase
24/08/21 | Magnesium
Cnfeol News The price of domestic magnesium rose rapidly on Monday, up by RMB700/t from last Friday. Magnesium ingot prices (99.9% Mg) at Fugu Shaanxi were being quoted at RMB23,000~23,200/t with transaction prices settled at RMB22,900~23,000/t (by cash with taxes) on Monday. In Yuncheng, Shanxi, magnesium ingot prices (99.9% Mg)…
Domestic W Prices Drop
19/08/21 | Tungsten
China Commodity Marketplace Domestic tungsten prices fell slightly this week, with mainstream wolframite concentrate prices (65% WO3) at RBM112,000~114,000/t, scheelite concentrate prices at RMB111,000~112,000/t and wolframite concentrate prices (50~55% WO3) at RMB108,000~111,000/t. Domestic concentrate vendors were keen to sell but tended to decline low-price level offers – resulting in a…
Qinghai Salt Lake: 20 ktpy Battery Grade Li Carbonate Trial Operation
18/08/21
Shanghai Nonferrous Metals The 20 ktpy battery grade lithium carbonate project of Fozhaolanke Lithium Industry Co., Ltd., a subordinate of Qinghai Salt Lake has been completed and is now on trial operation. This is the largest lithium extraction project from brine in China.
Domestic Mg Prices Soar
18/08/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared on tightening supply this week. As of 13th August, mainstream magnesium quotations were RMB22,300~22,500/t (tax inclusive) in Fugu Shaanxi, with mainstream transaction prices standing above RMB22,300/t, up by RMB1,300/t from the previous week. Following the upward price trend, magnesium transaction prices in…
LoMo and Billions: RMB 2 bln for 200 ktpy Li Battery Project
17/08/21
Shanghai Nonferrous Metals News 12th August: Henan Longbai New Material Technology Co., Ltd., a wholly subordinate of LoMo and Billions Group, plan to invest RMB2 bln to build a 200 ktpy lithium-ion battery project. The project will be carried out in three phases, with a 5 ktpy lithium iron…
Domestic W Prices Stable at High Levels
13/08/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrates prices have been firm at high levels this week, seeing mainstream wolframite concentrate (65% WO3) quotations at RMB113,000~115,000/t. scheelite concentrate (65% WO3) quotations at RMB112,000~114,000/t and tungsten concentrate (55% WO3) quotations at 110,000~112,000/t. However, downstream buyers were wary about high-level quotations, resulting a lack-lustre…
Domestic Mg Prices Rebound
13/08/21 | Magnesium
Shanghai Nonferrous Metals News Domestic magnesium prices continue to rise on shortening spot supply, seeing mainstream magnesium prices lifting to RMB22,000/t ex-works in Fugu Shaanxi. Downstream buyers have been actively restocking, consequently boosting domestic magnesium prices to a high point for 2021.
