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…
Domestic Mg Prices Stable
24/03/21 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices have held stable. As of 19th March 2021, mainstream magnesium prices were being quoted at RMB15,300~15,400/t in Fugu Shaanxi with transactions settling at RMB15,300/t. In Wenxi Shanxi, transaction prices were RMB15,600/t. All prices were ex-works with taxes by cash. In the…
Domestic Mg Prices Rebound Slightly
22/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded slightly this week driven by rising FeSi prices caused by smelter suspensions. As of 12th March, mainstream magnesium ingot prices (99.9% grade) were being quoted at RMB15,500/t, with mainstream transaction prices standing at RMB15,400~15,500/t. In Wenxi, Shanxi, magnesium prices were being quoted…
Domestic APT Production Increases
22/03/21 | Tungsten
Asian Metal News China produced 10.07 kt of APT in February 2021, an increase of 121% from 4.54 kt y-o-y but a decline of 9.2% from 11.09 kt m-o-m. China produced 21.16 kt of APT during the first two months of 2021, an increase of 72.59% from 12.26 kt during…
Guosen Zn Suspends Mining Activities
19/03/21 | Zinc
Asian Metal News Guosen Mining, a major lead zinc miner in Zhalantun, eastern IM, suspended operations last Wednesday in response to government requirements for energy consumption control. Guosen had produced 2.5 kt of zinc concentrates in March before halting operations. According to an internal source, the company suspended operations a…
Domestic NPI Prices Decline
19/03/21 | Nickel
My Steel News 17th March 2021: Mainstream nickel laterite prices continue stable, represented by CIF prices (WMT) at USD59/t, (Ni 0.9% with high Al); USD59/t, (Ni 0.9% with low Al); USD71~72/USD (Ni 1.5%), and USD107/t (Ni 1.8%). At present, most domestic stainless-steel producers are uninterested in procurement of NPI, resulting…
Silkroad Nickel to Supply 2.7 mln t of Ni Laterite to Tsingshan
18/03/21 | Nickel
Shanghai Nonferrous Metals News Monday 15th March: Silkroad Nickel, headquartered in Singapore and with nickel mining business in Sulawesi Indonesia, announced it will supply 2.7 mln t of nickel laterite to China’s Tsingshan Group by end-2022. The company has signed a contract worth USD 90 mln with Pt Ekasa Yad…
Two Mg Smelters Halt Operations
18/03/21 | Magnesium
Shanghai Nonferrous Metals News IM Zhengneng Chemical Group (Lubao Magnesium smelter) suspended magnesium smelting amid an FeSi supply shortage caused by energy consumption control measures in IM. The smelter plans to resume operations in early April 2021. Approximately 2.3 kt of magnesium production will be curbed in March 2021. Shenmu…
