Domestic Mg Prices Remain Weak
25/05/23 | Magnesium
Asian Metal News Mainstream domestic magnesium prices dropped by RMB 1,200/t from last Friday to RMB 23,900~24,400/t by cash led by fierce price competition among sellers and cautious buyers. Industry commentators forecast domestic magnesium prices will continue to be weak, albeit with a smaller fall next week. A northern smelter…
Long-term Contract Prices of W Concentrates and APT
18/05/23 | Tungsten
China Commodity Market Place Guangdong Xianglu increased its long-term contract prices for tungsten concentrates by RMB 2,500/t from April to reach RMB 117,500/t for wolframite concentrate and RMB 116,500/t for scheelite concentrate (55% WO3) in May. The company also raised its APT prices by RMB 2,500/t to RMB 179,500/t. Fujian…
China NPI Production at 28.4 kt
17/05/23 | Nickel
Shanghai Nonferrous Metals News China produced 28.4 kt of NPI (in Ni metal) in April 2023, seeing actual NPI production at 243 kt, down by 4.7% m-o-m and down by 25% y-o-y. Despite improved NPI prices in April, some domestic NPI smelters were still operating under production cuts due to…
Domestic Mg prices Slide in April
17/05/23 | Magnesium
China Nonferrous Metals News Domestic magnesium prices have been fluctuating between RMB 20,200~ 28,700/t in during April, with average monthly prices at RMB 24,038/t, down by 37% m-o-m. The average price during the first four months of 2023 was RMB 21,981/t, down by 48% y-o-y. The news of semi-coal furnace…
Fugu Jinwantong Suspends Mg Smelting
15/05/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter suspended operations on 10th May and has no plan to resume in the short term. The company produced 900 t of magnesium in May, down from 2.8 kt in April. According to an internal source, the company suspended operations in response to the…
Fugu Shaanxi: Plan for Semi-coke Retrofitting
12/05/23 | Magnesium
Asian Metal News 9th May: The local authority of Fugu Shaanxi called a meeting to push forward the implementation of retrofitting semi-coke furnaces. The meeting determined that local magnesium smelters must submit a plan and time schedule for semi-coke furnace retrofitting. All single semi-coke furnaces under 75 ktpy at Fugu…
China Remains the Largest Producer and Consumer of Mo in 2022
10/05/23 | Molybdenum
China Mining News IMOA (International Molybdenum Association): Global consumption of molybdenum was on the rise in 2022, while total global production was in decline. In 2022, China remains the world’s largest producer and consumer of molybdenum with 112.8 kt of production and 122 kt of consumption, up by 12% and…
Domestic Mg Prices Soar
10/05/23 | Magnesium
Asian Metal News Domestic magnesium prices soared rapidly by RMB 3,000/t from last Friday to RMB 26,500~27,000/t on Tuesday led by panic buying after the news on 7th May regarding suspensions of all semi-coke furnaces under 75 ktpy in Fugu Shaanxi from 10th May. Some magnesium smelters were reluctant to…
April Mg Production Surges to 70 kt
10/05/23 | Magnesium
Shanghai Nonferrous Metals News China produced 70 kt of primary magnesium in April 2023, up by 5.3% m-o-m but down by 17% y-o-y; China’s total production during the first four months of 2023 was 269 kt, down by 20% y-o-y. Domestic magnesium prices spiked in April due to the news…
