Tianhua Chaojing: 100 ktpy Battery Grade Li Hydroxide Project by 2025
04/03/21 | EV
Shanghai Nonferrous Metals News The battery grade lithium market is expected to grow rapidly over the next few years driven by strong downstream demand. In anticipation of a supply deficit of lithium ore and lithium related products as well as rising prices, Tianyi Lithium Co, a subordinate of Tianhua Chaojing…
Tsingshan to Supply Ni Matte to Huayou and CNGR
04/03/21 | Nickel
Shanghai Nonferrous Metals News 1st March 2021: Tsingshan Holding Group has signed a one-year contract to supply nickel matte to Huayou Cobalt Co and CNGF Advanced Material Co. Under the agreement, Tsingshan will supply 60 kt of nickel matte to Huayou and 40 kt to CNGR within a year, starting…
Domestic Mg Prices Rebound after CNY Holiday
03/03/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rebounded strongly after the Chinese New Year holiday following rising commodity prices and tightening spot supply at smelters. As of 26th February, mainstream domestic magnesium prices had risen to RMB15,300~15,500/t ex-work with taxes. In Wenxi Shanxi, prices lifted by RMB800~1,000/t w-o-w to RMB15,600~15,700/t…
Domestic W Prices Continue to Rise
02/03/21 | Tungsten
China Commodity Marketplace Domestic tungsten prices continue to rise after the CNY holiday, further surging to RMB95,000/t after rebounding to RMB90,000/t in January. As of end-February 2021, mainstream wolframite (65% WO3) prices climbed to RMB94,000~96,000/t, scheelite (65% WO3) prices were RMB93,000~95,000/t and tungsten concentrates (50~55% WO3) were RMB91,000~93,000/t. Boosted by…
CNIA: 860 kt of Mg Production in 2020
24/02/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 858.3 kt of primary magnesium in 2020, up by 0.52% y-o-y. Of the figure, primary magnesium production was 575.6 kt in Shaanxi, 103.6 in Shanxi and 54.2 kt in Ningxia, up 11.5%, down 15.7% and down 7.27% y-o-y respectively. Source
MNR: First Batch of Production Quotas for REs and W Ore
23/02/21 | Tungsten
SMM News 23rd February 2021: MNR (Ministry of Natural Resources) and MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth and tungsten mining quotas for 2021. The first round of tungsten concentrate (WO3 65%) production quotas for 2021 is 63,000 t, including a 46,890 t…
Domestic W Prices Rebound
22/02/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate (WO3 65%) prices continued to rise to RMB91,000~93,000/t, with concentrate prices (50~55% grade) at RMB90,000/t at present. In anticipation of a bullish market, tungsten concentrate vendors are holding firm on prices. Domestic APT smelters raised their quotes to RMB139,000~141,000/t. APT prices are likely to…
Domestic Mg Prices Edge up Slightly
22/02/21 | Magnesium
Shanghai Nonferrous Metals News 20th February 2021: Mainstream magnesium ingot (99.9% grade) prices lifted to RMB14,000~14,200/t in Fugu Shaanxi, with some transactions concluded at RMB14,200/t. According to internal sources, most small smelters have orders for the futures market through to end-February, while large smelter are under long-term contracts, resulting in…
W Producers Resume Operations
19/02/21 | Tungsten
China Commodity Marketplace Domestic tungsten producers gradually returned to work after the Chinese New Year holiday, but sentiment is cautious, with the market appearing flat. In view of the COVID vaccination program being rolled out worldwide, a strong rebound in macro-economic and overseas demand can be expected over the medium-term.…
