Domestic Mg Prices under Pressure
10/03/21 | Magnesium
China Nonferrous Metals News This week, domestic magnesium prices have been under pressure on weak downstream demand. As of 5th March 2021, mainstream magnesium prices were being quoted at RMB15,300~15,500/t in Fugu Shaanxi with transactions settling at RMB15,100~15,300/t. In Wenxi Shanxi, transaction prices were RMB15,400~15,500/t. All prices were ex-works with…
Domestic W Prices on the Rise
05/03/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices continued to rise steadily this week. Miners were keen to sell and low-priced transactions were rare. Mainstream wolframite (65% WO3) is being quoted at RMB96,000~97,000/t and scheelite (65% WO3) prices are RMB95,000~96,000/t and tungsten concentrate prices (50~55% WO3) are RMB92,000~95,000/t. The domestic APT…
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…
