MNR: 2022 China’s Li Resources Increases by 57% Y-o-Y
19/06/23
Ministry of Natural Resources MNR: In 2022, the reserves of China’s strategic emerging minerals such as lithium, cobalt, and nickel have increased by 57%, 14.5%, and 3% y-o-y respectively. Jiangxi’s lithium reserves have surpassed Qinghai and Sichuan to become the largest in China, accounting for 40% of national total. In…
Qinghai: Carbon Peak Implementation Plan
16/06/23 | Magnesium
Shanghai Nonferrous Metals News 14th June: Qinghai’s Carbon Peak Implementation Plan has been released. The Plan stipulates that added value of energy consumption pre unit of finished product of large industrial producers in 2025 is to decrease by 12.5% compared to the figure for 2020, while striving to reach a…
Domestic Mg Prices to Stable at Low-end
14/06/23 | Magnesium
China Nonferrous Metals News 9th June: Mainstream magnesium prices in Fugu Shaanxi were being quoted at RMB 20,500/t, with transaction prices at RMB 20,400~20,500/t, down by RMB 1,500/t from the previous Friday. Prices in other producing regions fell accordingly. As of today, magnesium prices have plummeted from a high point…
Domestic NPI Production of 29.9 kt in May 2023
13/06/23 | Nickel
Shanghai Nonferrous Metals News China produced 745 kt of NPI (converted to 29.9 kt in Ni metal) in May 2023, up by 9% m-o-m but down by 17% y-o-y in actual tonnage. Thanks to stable nickel laterite prices at low levels, domestic NPI prices were relatively steady during May. Meanwhile,…
China Mg Production of 58 kt in May 2023
09/06/23 | Magnesium
Shanghai Nonferrous Metals News China produced 58 kt of magnesium in May 2023, down by 17.3% m-o-m and down by 32.7% y-o-y. China’s total magnesium production during the first five months of 2023 reached 327 kt, a sharp fall of 22.6% y-o-y. With the semi-coke furnace retrofitting policy being implemented…
Zhangyuan W: Long-term Contract Prices for June
07/06/23 | Tungsten
Shanghai Nonferrous Metal News Zhangyuan Tungsten published the long-term contract prices for the first two weeks of June this Tuesday, which are all up slightly from the previous term. Wolframtie concentrate (55% WO3) at RMB 119,000/t, up by 500/t Shceelite concentrate (55% WO3) at RMB 117,500/t, up by 500/t APT…
Domestic Mg Prices Drop Slightly
06/06/23 | Magnesium
Asian Metal News Domestic magnesium prices fell by RMB 400/t from last Friday to RMB 21,300~21,800/t ex-work by cash this Monday, with the market appearing slow with weak demand and cautious buyers. One downstream buyer in northern China has received quotations at RMB 21,500/t ex-works by cash, but in view…
Domestic Mg Prices Rebound
02/06/23 | Magnesium
Asian Metal News Domestic magnesium prices bounced back to RMB 21,700~22,000/t ex-works by cash this week after a rapid fall of nearly RMB 1,000/t – led by falling raw material prices – last week. Industrial commentators forecast domestic magnesium prices to keep stable at the current level next week buoyed…
Salt Lake: Average Daily Production of Li Carbonate Exceeds 100 t
01/06/23 | EV
Shanghai Nonferrous Metals News Salt Lake Co. Ltd: The company has developed a series of products such as magnesium alloy die-casting parts. At present, the daily production of lithium carbonate exceeds100 t. With increasing temperature, the production of lithium carbonate will grow further. At the same time, the company will…
