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…
Domestic Zn Output on the Rise
10/09/20 | Zinc
Shanghai Nonferrous Metals News SMM: China produced 509.1 kt of refined zinc in August up 3.3% m-o-m and up 1.98% y-o-y. China’s accumulated refined zinc output in the year to August reached 3.87 mln t, up 3.68% y-o-y. August monthly output beat July expectations as a result of PC charges…
RMB35.7 mln Subsidy for XTC
10/09/20 | Tungsten
Asian Metal News 9th September: XTC announced that the company and its holding subsidiaries received a total of RMB 35.7 mln in governmental subsidies related to income from June 19 to September 9, 2020. Of the total, RMB1.39 mln was electricity price subsidy, RMB 1.7 mln was enterprise listing support…
Lianshan Mo Restarts Operations
04/09/20 | Molybdenum
Asian Metal News Liaoning Lianshan Molybdenum restarted mining on 1st September 2020 after a five-year suspension. It is currently producing 15 t of molybdenum concentrate per day and will ramp up to 20 t per day next week after some adjustments to equipment are completed. According to an internal source,…
Chenzhou Diamond APT Smelter Resumes Operation
03/09/20 | Tungsten
Asian Metal News Minmetals’ Chenzhou Diamond APT smelter restated APT (88.5% min) production this week after completion of an overhaul which began in early August. The company aims to produce 1 kt of APT in September. Domestic APT prices have recently been on the rise, seeing most quotations standing at…
Chihong Zn & Ge: 1H 2020 Operational Revenue of 8.26 bln
01/09/20 | Zinc
Shanghai Nonferrous Metals News Yunnan Chihong Zinc & Germanium Co., Ltd. realized an operating income of RMB8.26 bln during 1H 2020, down 15.21% y-o-y. Net profit attributable to shareholders of listed companies was RMB369 mln, down 47.08% y-o-y. The company produced 160.7 kt of lead and zinc metal during H1…
Domestic Mg Prices Continue to Fall
01/09/20 | Magnesium
China Nonferrous Metals News As of 28th August, domestic magnesium ingot was being quoted at RMB12,650/t in Fugu Shaanxi with mainstream transactions closing at RMB12,600~12,650/t, down by RMB100/t from the previous Friday. Prices for ingot in other major producing areas followed the downward trend. To date, domestic magnesium prices have…
China Moly: Operational Revenue Surges in H1 2020
31/08/20 | Tungsten
Finance News 30th August, China Moly’s H1 2020 report showed that the company’s operating revenue reached RMB 46.7 bln, a surge of 368.44% y-o-y. The company produced 7,070 t of molybdenum and 4,664 t of tungsten during H1 2020. Source
