Xianglu W: Losses of RMB 10~20 mln in H1 2023
09/08/23 | Tungsten
Shanghai Nonferrous Metals News Xianglu Tungsten expects a net profit loss of RMB 10~20 mln attributable to shareholders of the listed company in H1 2023, reversing the company’s profitable trend in H1 2022. The loss can be attributed to increased prices for tungsten concentrates and APT which have been led…
Domestic Mg Prices Stop Falling
08/08/23 | Magnesium
China Nonferrous Metals News Backed by improving demand, domestic magnesium prices stopped falling at RMB 20,800/t last week. As of last Friday, mainstream magnesium prices in Fugu Shaanxi were being quoted at RMB 21,000~21,200/t ex-works with taxes. With transaction prices between RMB 21,000~21,100/t, prices in other production regions lifted accordingly.…
Domestic Mg Prices to Stop Falling Next Week
04/08/23 | Magnesium
Asian Metal News Mainstream magnesium prices fell by RMB 350/t to RMB 20,850~21,100/t ex-works on Thursday, led by tepid demand. Looking forward to next week, industrial commentators forecast prices to stop falling following improved demand. A northern smelter sold 62 t of magnesium ingot at RMB 21,300/t last Thursday, an…
Wa State Takes Decisive Action on Tin Mining Suspension
03/08/23 | Tin
ITA News In a resolute move, the Wa State Government has firmly enforced the suspension of all mining activities, according to the “Wa Jing Zi No. 2023-06” notice issued by the Central Economic Commission on April 15 and the subsequent “Notice on the Implementation of ‘Suspension of All Mineral Resources…
CNNC Hua Yuan Ti Increases TiO2 Prices
27/07/23
Shanghai Nonferrous Metals News 26th July: CNNC Hua Yuan Titanium Dioxide Co. Ltd announced that it had raised its TiO2 pigment prices by RMB 700/t on the domestic China market and up by USD 100/t on the global market, with immediate effect. In view of raft of stimulus policies to…
Domestic Mg Prices on the Rise
26/07/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices rose by RMB 200/t from Monday and was up by RMB 400/t from last Friday to RMB 21,100~21,500/t on Wednesday. Industrial commentators forecast domestic magnesium prices to rise further this week. According to a spokesperson from a northern smelter, “We sold 31 t…
China W Hi-Tech: Technology Upgrades for Smart Production Line of Ultrafine
24/07/23 | Tungsten
W Carbide Powder 17th July: China Tungsten Hi-Teck announced that its wholly owned subordinate, Minmetals-ZCC is to implement technology upgrades on a smart production line for ultrafine tungsten carbide powder, with a total investment of RMB 248. The expected return period for project investment is 7.9 years (before tax). This…
Ni Laterite Imports Remain at High Levels
21/07/23 | Nickel
Shanghai Nonferrous Metals News China Customs: China imported 5.29 mln of nickel ores in June 2023 (WMT and DMT combined), up by 41.6% m-o-m but down by 22.7% y-o-y. China imported 5.24 mln t of nickel laterite in June 2023, up by 41.1% m-o-m and up by 23% y-o-y. Of…
NDRC: Guarantee of Power Supply for Summer Peak Consumption
19/07/23 | Magnesium
Cnal News NDRC: With coal inventory at national-level coordinated power plants reaching a record high of 199 mln t, there is strong support to implement summer peak power consumption in 2023. In H1 2023, power generated by large power plants for industrial use reached 4,168 bln kWh, a y-o-y increase…
