Shanxi New Energy Resumes Mg Smelting
26/06/23 | Magnesium
Asian Metal News Shanxi New Energy halted operations for maintenance on 1st June and is set to resume operations on 26thJune 2023 driven by recovering prices. In view of poor demand, the company started maintenance in early June and is set to resume operations on 26th June with daily production…
Domestic Mg Prices under Pressure in June
21/06/23 | Magnesium
China Nonferrous Metals News 16th June: Magnesium prices were being quoted at RMB 20,200~20,300/t in Fugu Shaanxi with mainstream transaction prices at RMB 20,200/t down by RMB 200/t from last week and prices in other regions fell accordingly. During the first two weeks of June, domestic magnesium prices have been…
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…
