Huaqing Aa Refinery Resumes Operation
01/04/20 | Alumina
Asian Metal News Xiaoyi Huaqing, a small alumina refinery in Shanxi designed with 450 ktpy alumina capacity will resume normal operations in early April. The company reduced its production by 50% on bauxite supply shortages in early February, and began resuming operations in mid-March as bauxite supply improved. According…
Senze Al and Coal Resumes Aa Production
01/04/20 | Alumina
Asian Metal News Senze Liulin Alumina refinery in Shanxi, designed with 1.3 mtpy alumina capacity, returned to normal operations, running all three of its production lines last week. With increased bauxite supply from its captive mines, the company restarted lines which were under suspension during February 2020 on local…
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.…
