IM Zhengneng Chemical Suspends 15 ktpy Mg Line
09/11/20 | Magnesium
Shanghai Nonferrous Metals News Established in 20019, the IM Zhengneng Group has now become a comprehensive producer with semi-coke capacity of 3.6 mtpy, high-grade magnesium alloy capacity of 15 ktpy and with 2 x 25 MW power generators. The company suspended its 15 ktpy primary magnesium production line last week…
Domestic W Prices Drop Slightly
06/11/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices dropped slightly this week led by continued sluggish demand. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB82,000~84,000/standard t; scheelite (65% grade) is at RMB81,000~83,000/standard t and tungsten concentrates (50~55% grade) at RMB 79,000~81,000/standard t. Domestic APT prices continued under pressure,…
Shaanxi Yulin Mg Group Established
06/11/20 | Magnesium
Shanghai Nonferrous Metals News Shaanxi Yulin Magnesium Industry (Group) Co., Ltd. was established in Yulin, Shaanxi this week. The company signed agreements with local magnesium smelters regarding reserves of magnesium ingots, with the aim of boosting the sluggish market. However, the reserve amount and prices have not as yet been…
Development Plan for New Energy Vehicle Industry (2021~2035)
03/11/20 | EV
Cnal News The State Government published ‘Development Plan of New Energy Vehicle Industry (2021~2035)’. According to the Plan, by 2025, the average electric power consumption of pure electric passenger cars shall drop to 12 kWh / 100 km, and sales of new energy vehicles are to reach 20% of total…
50 ktpy Li Hydroxide for Ganfeng Li
02/11/20 | EV
Shanghai Nonferrous Metals News 30th October: Ganfeng Lithium’s 50 ktpy lithium hydroxide project formally came online in the Mahong Plant, Xinyu, Jiangxi. From now on, Ganfeng’s Mahong plant will increase its lithium hydroxide capacity by 50 ktpy to reach 81 ktpy per annum and become one of the top lithium…
Domestic W Prices Stable at Low End
30/10/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices remained stable at low levels this week led by continuing sluggish demand, and domestic tungsten concentrate holders remained firm on prices. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB83,000~84,000/standard t; scheelite (65% grade) is at RMB82,000~83,000/standard t and tungsten concentrates…
Zhangyuan Tungsten: Q3 Profit RMB58.89 mln
30/10/20 | Tungsten
Shanghai Nonferrous Metals News According to Zhangyuan Tungsten’s Q3 report, the company made a profit of RMB58.59 mln in Q3 2020, up by169.52% y-o-y. According to the company, the spread of Covid-19 has constrained the overseas market and suppressed tungsten prices. During the reporting period, the company took measures to…
China Imports 6.21 mln t of Ni Laterite in September
28/10/20 | Nickel
PPI Business News China Customs: China imported 6.21 mln t of nickel laterite in September, up by 2.46 mln t on-month but down by 880.5 kt on-year. China imported 27.26 mln t of nickel laterite during the first three quarters of 2020, down 29.95% y-o-y. Of this figure, 3.04 mln…
Domestic W Prices Continue under Pressure
23/10/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices remained under pressure this week led by continuing sluggish demand, and domestic tungsten concentrate holders remained firm on prices. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB83,000~85,000/standard t; scheelite (65% grade) is at RMB82,000~84,000/standard t and tungsten concentrates (50~55% grade)…
