Yichun Luming Moly Mine: Tailings Dam Spill
31/03/20 | Molybdenum
Sina Finance News 28th March: A tailings dam accident took place at Yichun Luming Mining’s molybdenum tailings dam in Yichun Heilongjiang, resulting in increased water discharge and tailings sand leakage. As of today, a total of 2.53 million cubic meters of sewage with molybdenum tailing sands has been discharged, and…
Guangsheng Nonferrous Metals: 2019 W Output Declines
31/03/20 | Tungsten
China Commodity Market Place Guangsheng Nonferrous Metals’ 2019 annual report shows the company’s operation revenue grew by 87.5% y-o-y to RMB4.51 bln. Net profit attributed to the listed shareholders was RMB44.11 mln in contrast to a net loss of RMB266 mln in 2018. During the reporting period, the company’s tungsten…
Domestic Primary Al Inventory Drops by 3kt
31/03/20 | Aluminium
Shanghai Nonferrous Metals News 30th March, SMM: Domestic aluminium inventory at China’s major storehouses fell slightly by 3 kt from last Thursday to 1.66 mln t, including 164 kt in Shanghai, 654 kt in Wuxi, 438 kt in Nanhai, 140 kt in Hangzhou, 185 kt in Gongyi, 57 kt in…
Domestic PC of Zn Concentrates Drop
31/03/20 | Zinc
China Nonferrous Metals News Domestic PC charges for zinc concentrates dropped further by RMB 50/t in IM, fell by RMB100/t in Shaanxi, Sichuan and Guangxi and remained stable in other producing regions last week. Mainstream quotations for domestic zinc concentrates currently stand at RMB5,900~6,500/t. Mainstream PC charges for imported zinc…
Domestic Mg Prices Edge up
31/03/20 | Magnesium
China Nonferrous Metals News Domestic magnesium prices averaged RMB14,679/t in February 2020, up 31.28% y-o-y despite few transactions being concluded during the period. Domestic primary magnesium output declined significantly y-o-y due to the spread of COVID-19 in February. Meanwhile, traders and some downstream buyers made small replenishments during the month…
Zhangyuan W: Net Loss of RMB290 mln in 2019
30/03/20 | Tungsten
Sina Finance News 23rd March: Zhangyuan Tungsten’s 2019 annual report shows the company’s operating profits were negative, (RMB -285.91 mln, a decrease of 473.27% y-o-y), during the reporting period. Total profits were also negative RMB -299.46 mln, a decrease of 491.81% y-o-y. The company’s net profit attributable to shareholders of…
Sichuan Qimingxing Cuts Operations
30/03/20 | Aluminium
Asian Metal News Sichuan Qimingxing Aluminium, designed with 125 ktpy primary aluminium capacity comprising 168 sets of 300 kA electrolytic cells, began production cuts last Friday. The company is set to halt 15 cells during April and will suspend 30 cells further if market performance remains bleak during the month.…
Domestic Al Capacity Cut to Expand
30/03/20 | Aluminium
Alu News Most domestic primary aluminium smelters are taking measures to mitigate loss, including building up aluminium inventories or mortgaging aluminium produced in the wake of deeper losses and increasing liquidity pressures. Aluminium smelters in developing areas – where aluminium smelting is crucial to local economic development – are in…
Chalco: 2019 Al Output 3.79 mln t, Aa 13.8 mln t
30/03/20 | Aluminium
Cnal News Chalco’s 2019 annual report shows company revenue in 2019 close to RMB187.1 bln, with operating revenue up by 5.76% y-o-y. The gross profit rate was down by 1.04 percentage points y-o-y. Chalco produced 3.79 mln t of primary aluminium and 13.8 mln t of alumina in 2019. Source…
