IM Pb/Zn Smelters to Cut Operations in Q2 2021
18/03/21 | Zinc
Shanghai Nonferrous Metals News According to ‘Measures for Completing Energy Consumption Control Targets during the 14th Five-year plan period (2021~2025)’, released by the Inner Mongolia Autonomous Region, local lead/zinc miners and zinc smelters are required to keep their total 2021 energy consumption stable y-o-y. According to SMM, local zinc smelters…
Hongxing Development: 6 kt of Li Carbonate Capacity
17/03/21 | EV
Asian Metal News Hongxing Development Co. Ltd. announced that a subsidiary company owns 6 ktpy of carbonate capacity, and has not yet reached full operation. It also has 30 ktpy of high purity manganese sulfate capacity, which is running smoothly with monthly output of 1.8 kt per month. Source
Fugu Jinchuan Mg Increases Production
17/03/21 | Magnesium
Asian Metal News Fugu Jinchuan magnesium smelter is set to ramp up operations from mid-April 2021, increasing its daily output to 55 t from the current level of 30 t, with its April output expected at 1.3 kt. According to an internal source, the company set its sales prices at…
Geely: RMB 30 bln Power Battery Project Settles in Ganzhou
16/03/21 | EV
Shanghai Nonferrous Metals News 13th March 2021: Geely Science and Technology Group Co., Ltd. has signed an investment cooperation agreement with the government of Ganzhou and Ganzhou Economic and Development Zone Management Committee of Jiangxi Province. According to the agreement, Geely is set to invest a total of RMB30 bln…
Domestic W Market under Pressure
16/03/21 | Tungsten
China Commodity Market Place The domestic tungsten market began to fall under the pressure of increasing sales last week. Some tungsten concentrate holders cut prices to facilitate sales last week, but declined to sell at extreme low prices. Mainstream wolframite (65% WO3 grade) prices dropped to RMB 94,000~96,000/t, scheelite (65%…
Henan: Geology Exploration Results during the 13th FYP Period (2016~2020)
15/03/21 | Molybdenum
Fubao News During the 13th Five Year Plan period (2016~2020), the Henan Bureau of Geology and Mineral Resources has submitted new mineral resources including 346.5 t of gold, 9,099 t of silver, 1.26 mln t of copper, 10.65 mln t of lead and zinc, 3,697 t of tin, 4.29 mln…
Baotou IM: ‘Red Alert Response Measures of Double Control of Energy Consumption in Q1 2021’
15/03/21
Baotou Government Net The Development and Reform Commission of Baotou published the ‘Red Alert Response Measures of Double Control of Energy Consumption in Q1 2021’ on 15th March 2021. Double control indicates ‘controlling total annual energy consumption and energy consumption intensity (per unit of GDP)’ According to the policy, detailed…
Domestic W Market Stable
10/03/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices continued strong this week, and concentrate venders were keen to sell. Mainstream wolframite (65% WO3) is being quoted at RMB97,000~98,000/t, scheelite (65% WO3) prices are RMB96,000~97,000/t and tungsten concentrate prices (50~55% WO3) are RMB93,000~96,000/t. With the upward momentum of APT prices halting this…
China Produces 37.8 kt of NPI in February 2021
10/03/21 | Nickel
Shanghai Nonferrous Metals News-20210218 China produced 37.8 kt (in Ni metal) of NPI in February 2021, down by 1.88% m-o-m, including 31.4 kt of high-NPI and 6.5 kt of low-NPI. SMM forecast domestic NPI output to increase by 5.01% m-o-m to 39.7 kt in March 2021, with 32.3 kt of…
