China Produces 465 kt of Mg from January to July
24/09/20 | Magnesium
China Nonferrous Metals News CNIA: China produced 465.4 kt of primary magnesium from January to July 2020, down 3.66% y-o-y. Of this figure, Shaanxi’s output was 306.5 kt, up by 6.85% y-o-y, Shanxi’s output was 62.7 kt, down 16.91% y-o-y and Ningxia’s output was 27.7 kt, up by 6.52% y-o-y.…
Domestic Mg Prices Continue to Fall
22/09/20 | Magnesium
China Nonferrous Metals News Last week, domestic magnesium prices continued to fall, approaching RMB12,000/t amid ongoing weak demand. As of 18th September, domestic magnesium ingot (99.9%) was quoted at RMB12,150~12,200/t in Fugu Shaanxi, with mainstream transactions closing at RMB12,100~12,150/t. Transaction prices were RMB12,400/t in Wenxi, Shanxi, a fall of RMB200/t…
546 kt of Refined Zn Output in September
22/09/20 | Zinc
Shanghai Nonferrous Metals News China produced 280.3 kt of zinc concentrates in August, down 3.1% m-o-m and down 22.1% y-o-y. Covid-19 has previously interrupted mining operations and curbed overall domestic zinc concentrate supply. Domestic PC charges are still at a high level showing an uptick of RMB300/t from a low…
50 ktpy Li Hydroxide Expansion Project for Ganfeng
18/09/20
China Nonferrous Metals News Ganfeng Lithium has been working to complete its 50 ktpy lithium hydroxide expansion project. The project is scheduled to start trial operation by end-October before formal operation begins by end-2020. Covid-19 and Australian policies have had limited impact on the company’s lithium concentrate supply. Supply mainly…
Fujian Xinlu W Deep Processing Project Online
18/09/20 | Tungsten
Shanghai Nonferrous Metals News Backed by total investment of RMB1.69 bln from XTC (51%) and Fujian Jinxin Tungsten Co. Ltd (49%), Fujian Xinlu Tungsten’s tungsten smelting and deep processing project is now online. The full project will be carried out in three phases; Phase I came online on 17th July…
Domestic Mg Market Outlook Remains Bleak
16/09/20 | Magnesium
China Nonferrous Metals News As of 11th September, domestic magnesium ingot (99.9%) was being quoted at RMB12,300~12,400/t in Fugu Shaanxi with mainstream transactions closing at RMB12,300/t. Transaction prices were RMB12,600/t in Wenxi, Shanxi, a fall of RMB200/t from the previous Friday. To date, after dropping under RMB13,000/t in July 2020,…
Domestic Zn Producers May See Increased Profits for H2 2020
14/09/20 | Zinc
China Nonferrous Metals News Domestic zinc producers have been buckling under low prices and poor performance during H1 2020. However, with domestic zinc prices rebounding since end-March and reached a high point of RMB20,385/t, both domestic zinc miners and smelters have seen profit margins grow and have, consequently, increased operations.…
Domestic W Market Stable
11/09/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate holders remained firm on prices this week. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB88,000~89,000/standard t; scheelite (65% grade) is at RMB87,000~88,000/standard t and tungsten concentrates (50~55% grade) at RMB 84,000~87,000/standard t, all stable from last week. Tungsten concentrate prices have…
China August NPI Output: 44.7 kt
11/09/20 | Nickel
Shanghai Nonferrous Metals News China produced 44.7 mln t NPI (in metal) in August up 3.42% m-o-m but down 15.88% y-o-y. China’s high NPI output was 37.4 kt in August up 3.67% m-o-m, and that of low-NPI was 7.4 kt, up 2.18% m-o-m. High NPI smelters resuming from maintenance in…
