Chalukou Moly Mine in Heilongjiang
01/12/20 | Molybdenum
China Nonferrous Metals News Chalukou molybdenum mine, located in Songling District, Daxing’anling City, Heilongjiang, is a large molybdenum mine under construction by Heilongjiang Jinxin Mining Co., Ltd., (controlled by Yunnan Chihong Zinc Germanium Co., Ltd). With a total resource reserves of 1.76 mln t (in Mo metal), it will be…
Domestic Mg Prices Edge Down
30/11/20 | Magnesium
Shanghai Nonferrous Metals News This week (23~29, November), total transaction volume and domestic magnesium prices drifted down during the week. As of last Friday, domestic primary magnesium (99.9% Mg) prices were being quoted at RMB13,300~13,400/t, with mainstream transactions settling at RMB13,350/t in Fugu Shaanxi. However, mainstream transaction prices were RMB13,600~13,800/t…
Ni Laterite Prices to Fall Further
30/11/20 | Nickel
Shanghai Nonferrous Metals News NPI prices have continued to fall, leading most domestic NPI smelters into loss. Most domestic NPI smelters are currently inclined to cut operations and reduce nickel laterite prices further. As of today, some Philippine nickel laterite (1.3% Ni grade) deals had been concluded at USD51/t (WMT),…
Qingdao Zhongcheng: 260 ktpy NPI RKEF Project in Indonesia
27/11/20 | Nickel
Shanghai Nonferrous Metals News SMM: Qingdao Zhongcheng Group has settled a contract for a 260 ktpy NPI (RKEF) project development in Indonesia. The project involves 4 EFs (RKEF), with total NPI capacity of 260 ktpy (11.5% Ni content). The project is located in Bungku Pesir, Morowali county, Kendali City, Sulawesi…
China Imports 5.1 mln t of Ni Laterite in October
26/11/20 | Nickel
Shanghai Nonferrous Metals News China Customs: China imported 5.1 mln t of nickel laterite in October (DMT and WMT combined), down 17.9% m-o-m and down 25.6% y-o-y. Of the total, 4.59 mln t was from the Philippines, down 16.3% m-o-m but up 35.96% y-o-y. Source
Domestic W Market Stagnates
19/11/20 | Tungsten
China Commodity Marketplace The domestic tungsten market remains unmoving, with tungsten concentrate holders holding firm on prices and downstream APT and carbide producers uninterested in restocking, resulting in market gridlock. Mainstream wolframite (65% WO3) is being quoted at RMB83,000~84,000/t and scheelite (65% WO3) prices are RMB82,000~83,000/t and tungsten concentrate prices…
Large Graphite Deposit in Luobei Heilongjiang
18/11/20 | Graphite
Asian Metal News A large graphite deposit has been discovered in Luobei, Heilongjiang. Comprising more than 20 graphite ore bodies, the deposit has more than 270 mln t of graphite resources with mineral content of more than 21.32 mln t, making it a super large graphite deposit. Source
China’s Mg Exports Fall in Q1~Q3 2020
11/11/20 | Magnesium
China Nonferrous Metals News China Customs: China’s total magnesium exports, including six taxable magnesium items, were 281.1 kt during the first three quarters of 2020, down 17.2% y-o-y. Of the total, exports of magnesium ingot were 147.8 kt, magnesium alloy 73.2 kt, and magnesium powder 49.1 kt, describing a slump…
SMM: China October Domestic NPI Output of 43.7 kt
11/11/20 | Nickel
Shanghai Nonferrous Metals News China produced 43.7 kt of NPI (in Ni metal) in October 2020, down 5.2% m-o-m. Of this figure, high-NPI output was 35.9 kt, down 6.9% m-o-m; and low NPI output was 7.7 kt, up 3.87% m-o-m. The decline in high-NPI output can be attributed to relatively…
