Wulong Mg: Smart 5G Pellet Feeder Operational
28/04/22 | Magnesium
Net Ease News Wulong magnesium smelter at Yuanqu Shanxi set a smart 5G pellet feeder on track in its No. 2 magnesium reduction workshop and put it into trial operation. The new pellet feeder is a major technological achievement by Wulong magnesium and Taiyuan Technology University. The technology will minimize…
Domestic Mg Prices Rebound
26/04/22 | Magnesium
China Nonferrous Metals News Weakening downstream demand pushed magnesium prices down to RMB 34,000/t at the beginning of last week. However, the news of magnesium ‘stockpiling’ suppressed the trend and has propped magnesium prices since last Wednesday. As of 22nd April, mainstream magnesium prices were being quoted at RMB 38,000/t…
China Produces 239 kt of Mg in Q1 2022
22/04/22 | Magnesium
Asian Metal News China produced 83.3 kt of magnesium in March 2022, up by 3.67% m-o-m and up by 15.46% y-o-y. China produced 239 kt of magnesium in Q1 2022, up by 14.02% from 210 kt from the same period last year. For the top three magnesium producing provinces of…
Domestic Mg Prices under Pressure
20/04/22 | Magnesium
China Nonferrous Metals News Domestic magnesium prices trended down slightly last week under pressure from slower logistics and weaker demand. As of 15th April, mainstream magnesium transaction prices in Fugu Shaanxi dropped by RMB 3,000/t to RMB 36,000~36,500/t in a week, with prices in other magnesium producing regions falling as…
Domestic Mg Prices Remain Stable
13/04/22 | Magnesium
China Nonferrous Metals News Mainstream magnesium prices were being quoted at RMB 39,500~40,000/t last week, with most transactions closing at RMB 39,500/t. Domestic magnesium prices have been stable at RMB 40,000/t level for more than three weeks. Industry commentators forecast domestic magnesium prices to continue stable next week.
14th FYP for Fugu County, Yulin, Shaanxi
13/04/22 | Magnesium
China Nonferrous Metals News Fugu County of Yulin City, Shaanxi recently published its 14th FYP (2021~2025) for economy and social development. The plan maps out the county’s development goals through to 2025. Magnesium and magnesium alloy capacity is to grow to 1 mtpy, and a 100 ktpy magnesium circular economy…
Domestic Mg Production on the Rise
11/04/22 | Magnesium
Shanghai Nonferrous Metals News China produced 86.8 kt of magnesium ingot in March 2022, up by 4.33% m-o-m and up by 30.83% y-o-y. China’s total production during the first three months of 2022 reached 247.4 kt, up by 26.2% y-o-y. Last week, mainstream primary magnesium transactions prices held stable at…
Domestic Mg Prices Stable
07/04/22 | Magnesium
Shanghai Nonferrous Metals News 6th April: Domestic magnesium market transactions remained flat with prices continuing stable at RMB 39,500/t in Fugu Shaanxi. With limited liquidity pressures, local magnesium smelters were reluctant to compromise on prices, resulting in a stagnated market.
Yunlin Shaanxi: Mg Production Drops during January~February
29/03/22 | Magnesium
Shanghai Nonferrous Metals News 88.1 kt of primary magnesium were produced in Yunlin Shaanxi during January and February 2022, down by 11.3% y-o-y. According to local Yulin authorities, a total of 513 kt of primary magnesium was produced in 2021, down by 8.6% y-o-y. Domestic magnesium prices remained stable last…
