Domestic W Prices Remain Firm
28/01/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices held firm this week, seeing mainstream prices lifting to RMB90,000/t. Reduced mining operations curbed spot supply of concentrates and drove prices accordingly prior to the Chinese New Year holiday. Mainstream wolframite (65% WO3) is being quoted at RMB89,000~91,000/t, scheelite (65% WO3) prices are…
Domestic Mg Prices Edge Down Slightly
28/01/21 | Magnesium
China Nonferrous Metals News Recent domestic magnesium prices have been in decline. Early this week, mainstream magnesium transaction prices fell by RMB100~200/t w-o-w to RMB 13,900~14,000/t (ex-works by cash) in Fugu Shaanxi and RMB14,200~14,300/t (ex-works by cash) in Wenxi Shanxi. As of this week, domestic magnesium prices had dropped by…
Gansu Guotai: First Batch of Ti Sponge Output
26/01/21
China Nonferrous Metals News Gansu Guotai Metals Co. Ltd., a JV co-established by LoMo and Billions’ subordinate Yunnan Guotai and Jinchuan Group, produced its first batch of titanium sponge on 14th January 2021. Backed by total investment of RMB1.8 bln, the 30 ktpy titanium sponge project will be developed in…
Ganfeng Lithium: 81 ktpy of Li Hydroxide and 40.5 ktpy of Li Carbonate
20/01/21 | EV
Shanghai Nonferrous Metals News Jiangxi Ganfeng Lithium has 81 ktpy of lithium hydroxide capacity and 40.5 ktpy of lithium carbonate capacity. According to a company representative, the company’s lithium products will be in short supply over the short term, especially in January and February 2021 due to Chinese New Year…
Zhangyuan W and Achteck: Advanced Hi-Tech Producers
20/01/21 | Tungsten
Asian Metal News 19th January 2021: Zhangyuan Tungsten announced that it and subordinate – Achteck Cutting Tools Co. Ltd – have been classified as ‘Advanced Hi-Tech Producers’ by relevant local authorities. Zhangyuan Tungsten earned this title in 2011, 2014 and 2017 respectively, each effective for three years. Achteck first earned…
Domestic W Prices Steady
19/01/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices held firm this week after high-end prices rebounded to RMB90,000/t last week. Domestic miners and traders increased sales but downstream producers still experienced difficulties sourcing low-prices concentrates. Mainstream wolframite (65% WO3) is being quoted at RMB88,000~90,000/t, scheelite (65% WO3) prices are RMB87,000~89,000/t and…
IM Naiman Jing’an: 18 NPI EFs to Come on Line in Mid-2021
15/01/21 | Nickel
Tengxun News IM Naiman Jing’an Nonferrous Metal Co. Ltd.’s brought its 1.29 mtpy stainless steel project online 27th November 2020. Before that, six of a total 18 x 33,000 kVA NPI EFs were ready to come online in 2020. Construction of the remaining 12 NPI production lines is complete, and…
Domestic Mg Prices Decline
14/01/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices fell rapidly amid weakening downstream demand. As of 8th January 2021, mainstream magnesium transaction prices were RMB14,000/t in Fugu Shaanxi, falling by RMB1,500/t from a high point before the New Year holiday. In Wenxi Shanxi, prices were RMB14,400/t; prices in other producing regions…
Domestic W Concentrate Prices Edge up
13/01/21 | Tungsten
Shanghai Nonferrous Metals News As of 12th January 2021, domestic wolframite concentrate (65% Wo3) prices rose by RMB3,000/t from RMB85,500/t in mid-December 2020 to RMB88,500/t. According to SMM, many tungsten miners have halted operations due to environmental reasons, restricted electricity supply and maintenance prior to Chinese New Year. As a…
