Shanxi New Energy Mg Suspends Operation
02/04/21 | Magnesium
Asian Metal News Shanxi New Energy Magnesium smelter suspended magnesium production on 2nd April 2021 due to an upgrade to rotary kilns. The company is set to restart on 15th April, consequently its April production is estimated at 300 t down by 300 t m-o-m. Designed with magnesium capacity of…
China: Tariff Policies to Facilitate Decarbonation in Iron and Steel
01/04/21
Shanghai Nonferrous Metals News SMM: China is considering a raft of tariff policies to facilitate decarbonation in the iron and steel making industry. According to sources, the measures under consideration include: Reducing export tax rebates of some iron and steel products Reducing or canceling import tariffs on some iron and…
Domestic Mg Prices under Pressure
31/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices continued weak at end-March. As of 26th March, mainstream domestic magnesium prices had dropped to RMB15,200~15,300/t ex-works with taxes in Fugu Shaanxi. In Wenxi Shanxi, prices fell by RMB100/t w-o-w to RMB15,500 t ex-work with taxes. As of 25th March, domestic FeSi prices…
Lanke Li: 85% Completion of 20 ktpy Battery Grade Li Carbonate Project
30/03/21 | EV
Shanghai Nonferrous Metals News 29th March: Construction of Lanke Lithium’s 20 ktpy battery grade lithium carbonate expansion project is now 85% complete and is scheduled for a test run in April 2021. At this time, some equipment in the expansion project will be used along with an existing 10 ktpy…
Carbon Peak and Decarbonation Action Plan for Iron and Steel Making
30/03/21
Shanghai Nonferrous Metals News The ‘Carbon Peak and Decarbonation Action Plan for Iron and Steel Making Industry’, is currently being drafted and has set goals and key tasks for the mission. According to inside sources, under the context of ‘carbon peak’ in 2030 and ‘carbon neutralization’ in 2060, the carbon…
LoMo and Billions to Acquire Zhongzhou Carbon
29/03/21 | Graphite
Shanghai Nonferrous Metals News LoMo and Billions announced that Henan Billions New Energy Materials Co., Ltd., a wholly-owned subsidiary of LoMo and Billions, intends to purchase 100% equity in Henan Zhongzhou carbon New Materials Technology Co., Ltd., at a transaction price of RMB292 mln (by cash value). Source
Domestic W Prices Edge Down Slightly
29/03/21 | Tungsten
China Commodity Marketplace This week (22~26th March): Domestic tungsten concentrate miners and venders generally held firm on prices, while downstream APT smelters were cautious about high-price level offers – resulting in a flat market. Mainstream wolframite (65% WO3) was quoted at RMB92,000~93,000/t, scheelite (65% WO3) prices are RMB91,000~92,000/t and tungsten…
China Moly: 2020 Sales Revenue of RMB112.98 bln
25/03/21 | Molybdenum
China Nonferrous Metals News China Moly achieved RMB112.98 bln as sales revenue in 2020, up by 65% y-o-y. The company’s net profit attributable to the parent company was RMB 2.33 bln, a year-on-year increase of 25%; the net operating cash flow was RMB 8.49 bln, a year-on-year increase of 398%.…
IM Junzheng Cuts FeSi Production
24/03/21 | Magnesium
Asian Metal News IM Junzheng Group, the 2nd largest FeSi producer in China, further suspended 10 sets of 12,500 kVA EFs in Wuhai IM early this week after halting two sets of 63,000kVA EFs in Erdos, IM two weeks ago. According to an internal source, “In response to IM’s energy…
