SMM: Domestic Primary Al Inventory Drops
15/05/20 | Aluminium
Shanghai Nonferrous Metals News 14th May 2020: Total domestic aluminium inventory at China’s major store houses dropped by 114 kt from last Thursday to 1.058 mln t, including 139 kt in Shanghai, 442 kt in Wuxi, 111 kt in Hangzhou, 64 kt in Gongyi, 224 kt in Nanhai, 57 kt…
Henan Yidian Al to Resume Full Operation in June
15/05/20 | Aluminium
Asian Metal News Henan Yidian aluminum smelter based in Luoyang and designed with 600 ktpy aluminum capacity is set to restart 60 ktpy capacity and reach full capacity operation in June. The company suspended 60 ktpy primary aluminium capacity last November as a result of the winter production policy (November…
Chalco Shanxi Aa Refinery: Imported Bx Consumption Declines in May
15/05/20 | Alumina
Asian Metal News Chalco Shanxi Alumina refinery, designed with 2.4 mtpy capacity, comprising five production lines (3 LT and 2 HT), suspended one LT line in mid-April 2020 due to a weak market. The company chiefly uses imported bauxite from Indonesia, consuming 250 kt of imported bauxite in April ;…
Luanchuan Ruida Moly Halts Production
14/05/20 | Molybdenum
Asian Metal News Luanchuan Ruida Molybdenum, located in Henan and designed with 3.6 ktpy molybdenum concentrate capacity, suspend all operations on 7th April due to site rent disputes with the land owner. Ruida will remain under suspension until the dispute is resolved. The original rental contract was from April…
Domestic Mg Prices Stable
14/05/20 | Magnesium
Shanghai Nonferrous Metals News 13th May: Mainstream magnesium prices (99.9% magnesium ingot) currently stand at RMB13,200/t in Fugu Shaanxi and RMB13,500/t in Wenxi Shanxi, remaining steady from the previous days’ trade. Despite steady prices, transactions were sparse with most downstream buyers remaining cautious. Market participants project short-term magnesium prices to…
Henan Zhongfu to Start 125 ktpy Primary Al in June
14/05/20 | Aluminium
Asian Metal News Guangyuan Linfeng Aluminium and Electricity Co. Ltd., under Henan Zhongfu, is set to start 125 ktpy primary aluminium capacity from its Phase I project in June 2020 after commissioning 125 ktpy capacity in November 2019. Henan Zhongfu’s phase II project, including a 250 ktpy primary aluminium production…
Yunnan Hongtai Granted Environmental Approval
14/05/20 | Aluminium
Cnal News Yunnan Hongtai New Materials, located in Yanshan Industrial park with a 2.03 mtpy primary aluminium capacity quota, has recently received environmental assessment approvals to proceed with its project development. Backed by total investment of RMB17 bln (with RMB1 bln in environmental investment), the project will be…
Domestic W Market Remains Steady
13/05/20 | Tungsten
China Commodity Marketplace Domestic tungsten miners continued to hold firm on prices this week with little interest of selling at low prices. Mainstream wolframite (65% WO3 grade) prices dropped to RMB 77,000~79,000/t, scheelite (65% WO3 grade) prices dropped to RMB 76,000~78,000/t and tungsten concentrates at (55% WO3 grade) were RMB…
Yunnan Shenhuo Starts Phase II 150 ktpy Primary Al Project
13/05/20 | Aluminium
Asian Metal News 13th May: Yunnan Shenhuo, designed with 450 ktpy of primary aluminium capacity, is set to power up its 150 ktpy Phase II by end-May, increasing total operational capacity to 300 ktpy. Yunnan Shenhuo’s Phase I (150 ktpy) project came fully online in early May, and is currently…
