Shenmu Xinqing Suspends Mg Production
31/05/22 | Magnesium
Asian Metal News Shenmu Qinqing suspended magnesium smelting on 25th May, due to a lack of required environmental assessments. The company is working to accelerate the process but a date for resuming production is uncertain. The company is set to produce 1,560 t of magnesium in May, down by 200…
Yunhai Metals: Acquisition of Dolomite Resources
27/05/22 | Magnesium
Asian Metal News 22nd May, Yunhai Metals announced that the company has acquired the mining rights to some dolomite resources at Qingtaishan mine, Chaohu, Anhui at RMB 365 mln via its subordinate Anhui Chaohu Yunhai Magnesium Co. Ltd. After this acquisition, Anhui Chaohu Yunhai Magnesium will increase its dolomite resources…
Domestic Mg Prices Fall
26/05/22 | Magnesium
China Nonferrous Metals News 20th May: Mainstream magnesium prices were being quoted at RMB 33,000/t (ex-work with taxes) in Fugu Shaanxi, with several transactions closing at RMB 32,500~33,000/t, down by RMB 4,000/t from a high point a week ago. Magnesium smelters in other producing regions followed suit and tuned down…
Domestic Mg Prices Slide
20/05/22 | Magnesium
Asian Metal News Domestic magnesium prices have been on the decline amid a sluggish market, falling by RMB 2,000/ from last Thursday to RMB 33,000~34,000 this week. Given a strong watchful attitude from downstream buyers and increased selling intentions from smelters, industry commentators forecast domestic magnesium prices to fall further…
Domestic Mg Prices Rebound
17/05/22 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices at Fugu Shaanxi were being quoted at RMB 36,000/t (ex-work by cash with taxes) with mainstream transaction prices at RMB 35,000~36,000/t, rebounding by RMB 3,000/t from a low point a week ago. Following the price uptick, magnesium prices in…
China Produces 84.2 kt of Mg in April
16/05/22 | Magnesium
Shanghai Nonferrous Metals News China produced 84.2 kt of magnesium ingot in April 2022, down by 3.02% m-o-m but up by 24.14% y-o-y. China produced 333.6 kt of magnesium ingot during the first four months of 2022, up by 25.68% y-o-y.
China Mg Exports Slow
10/05/22 | Magnesium
Asian Metal News China magnesium exports have slowed recently, amid lackluster overseas demand. However, China magnesium export prices have risen rapidly by USD 200/t to USD 5,750~5,850/t FOB China with taxes over the past few days. Industry commentators forecast magnesium export prices to be stable at the current level over…
Domestic Mg Transactions on the Rise
05/05/22 | Magnesium
Asian Metals News Domestic magnesium transactions were on the rise after prices stopped falling and stabilized on Monday, 2nd May. With buyers becoming more active, mainstream magnesium transactions prices stood at RMB 35,000~36,000/t, continuing stable from late last week, but down by RMB 2,000/t from last Monday. Some Shaanxi smelters…
China Mg Exports Prices to Fall Further
28/04/22 | Magnesium
Asian Metal News China’s magnesium exports slowed in the wake of weaker global demand and a gloomy outlook going forward. Declining magnesium prices on the domestic market in conjunction with higher USD/RMB exchange rates has driven mainstream magnesium export prices back to USD 5,900~6,000/t FOB China with taxes, down by…
