National Carbon Trade Market Starts Today
16/07/21
CCTV News 16th July: Today, the “National Carbon Emission Trading Market” was launched on the Shanghai Environment and Energy Exchange. The first national carbon deal was concluded at 9.30 am, seeing 160 kt of carbon units traded at total RMB7.9 mln – with an average price of RMB 52.78/t.
Zhangyuan W: Net Profits of RMB34~47 mln in H1 2021
15/07/21 | Tungsten
Shanghai Nonferrous Metals News Zhangyuan Tungsten’s H1 2021 report forecasts net profits attributable to shareholders of the listed company at RMB34-47 mln. On 14th July, the company quoted its wolframite concentrate (WO3>55%) at RMB101,500/t, a rise of 20% over the past six months. Zhangyuan Tungsten is an integrated producer with…
Domestic Mg Prices Rise Slightly
14/07/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded slightly this week, driven by increasing environmental pressures. As of 9th July, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB19,300~19,400/t in Fugu, Shaanxi, with mainstream transaction prices standing at RMB19,300/t. In Wenxi, Shanxi, magnesium prices were being quoted at…
China June Li Carbonate Production of 21.06 kt
13/07/21 | EV
Shanghai Nonferrous Metals News In June 2021, China’s lithium carbonate output was about 21.06 kt, up 0.8% m-o-m and up 42.5% y-o-y. A major lithium smelter ran maintenance and overhauls during June, curbing total national production by approximately 5%. At the same time, lithium capacities from Jiangxi and Qinghai have…
CAA: June Power Battery Production of 15.2 GWh
12/07/21 | EV
Shanghai Nonferrous Metals News CAA, (China Association of Automobile Manufactures): In June, China’s power battery output totaled 15.2 GWh, up 184.3% on-year and 10.2% on month. The output of ternary batteries was 7.4 Gwh, accounting for 48.4% of the total, up 133.6% y-o-y and 47.1% m-o-m. The output of LiFePO4…
China Produces 39 kt of NPI In June
09/07/21 | Nickel
Shanghai Nonferrous Metals News China produced 39 kt (in Ni metal) of NPI in June 2021, up by 9.27% m-o-m, including 32.1 kt of high-NPI and 6.8 kt of low-NPI. SMM forecast domestic NPI output to increase by 9.04% m-o-m to 42.5 kt in July 2021, with 34.3 kt of…
Fugu Shengxin Halts Mg Production
06/07/21 | Magnesium
Asian Metal News Fugu Shengxin Magnesium suspended magnesium production on 3rd July as a result of hot weather, furnace upgrades and increased environmental pressures. The company plans to run maintenance of 20 days and intends to resume normal operations with daily output of 30 t by end-July. Designed with 20…
New EV Sales of 217,000 in May 2021
30/06/21 | EV
Shanghai Nonferrous Metals News CAA, (China Association of Automobile Manufactures): 217,000 new EVs were sold in China in May 2021, up by 159.7% m-o-m. Total new EV sales during the first five months of 2021 reached 950,000, up by 224% y-o-y. CAA forecast total new EV sales to approach 2.4…
Domestic W Prices Continue to Grow
30/06/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices continued to lift this week after prices bounced back to RMB10,000/t. Most tungsten concentrate venders held firm on prices, seeing increased difficulties in restocking from downstream smelters. Mainstream wolframite concentrate (65% WO3) is being quoted at RMB99, 000~101,000/t, scheelite concentrate (65% WO3) at…
