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…
LoMo and Billions: Significant Profit Growth H1 2021
28/06/21
Shanghai Nonferrous Metals News LoMo and Billions report that they have sufficient orders at present, exceeding monthly output. According to LoMo and Billions, Q2 2021 orders came mainly from the overseas market. The company forecast net profits attributable to listed shares during H1 2021 to increase by 80% ~130% y-o-y.
China Imports 8.58 kt of Li Carbonate in May 2021
28/06/21 | EV
Shanghai Nonferrous Metals News China imported 8.58 kt of lithium carbonate in May 2021, down by 4% m-o-m, but up by 211% y-o-y. China imported 36.69 mln t of lithium carbonate during the first five months of 2021, up by 123% y-o-y. China exported 6.13 kt of lithium hydroxide in…
Domestic W Market Stable
24/06/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices continued strong this week propped by tightening supply due to environmental protection and safety control factors. Concentrate venders continued to hold firm on price with few transactions at low levels. Mainstream tungsten concentrate price (65% WO3) is being quoted at RMB96,500~98,500/t, and prices…
NEA: Restricting New Projects of Large Power Battery Cascade Utilization and Storage
23/06/21 | EV
Shanghai Nonferrous Metals News NEA (National Energy Administration) released “New Energy Storage Project Management Specification (Interim) (Draft)” to gather opinion. According to the document, no new project development will be allowed in large-scale power battery cascade utilization and storage projects before some key breakthroughs in battery consistency management technology and…
Fujian Liande to Increase NPI Production
23/06/21 | Nickel
Asian Metal News Fujian Liande, a major NPI (10% Ni min grade) smelter in southern China, is set to restart a NPI production line and increase its NPI production to 15 kt in July, up by 4 kt from the current level. Designed with annual capacity of 288 ktpy, the…
China Produces 288.3 kt of Mg from Jan. to April
23/06/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 288.3 kt of magnesium during the first four months of 2021, up by 11.3% y-o-y. Of the total, magnesium production was 197 kt in Shaanxi, 37.3 kt in Shanxi and 14.1 k tin Ningxia, an increase of 17.29%, but a decrease of 1.14%…
Production Cuts for Shaanxi Mg Smelters
22/06/21 | Magnesium
Shanghai Nonferrous Metals News Several magnesium smelters in Shenmu and Fugu Shaanxi have decided to run maintenance in late June amid pressures from environmental checks and difficulties with sourcing coal. In addition, given shortening dolomite supply due to mining rectification work at Wutai Shanxi, domestic magnesium smelters intend to shore…
