China Exports 477.8 kt of Mg and Mg Products in 2021
02/03/22 | Magnesium
China Nonferrous Metals News China exported 477.8 kt of primary magnesium and magnesium products in 2021, up by 21.3% y-o-y from 393.8 kt in 2020. Total export revenue amounted to USD 1.94 bln, up by 101.2% y-o-y, with the average export price at USD 4,052/t, up by 65.8% y-o-y. China…
China Produces 888.7 kt of Primary Mg in 2021
23/02/22 | Magnesium
China Nonferrous Metals News CNIA: by initial statistics, China produced 888.7 kt of primary magnesium in 2021, of the total, production from Shaanxi was 540 kt, Shanxi 196 kt, IM 49.6 kt, and other producing regions 72.1 kt.
Accelerating Comprehensive Utilization of Mg Dross
18/02/22 | Magnesium
China Nonferrous Metals News For every tonne primary magnesium produced, 6~7 t of reduction dross, 0.1~0.2 t of refining dross and 0.2~0.5 t of white forging dross is made. Based on China’s annual magnesium production, the total magnesium dross output can exceed 6.5 mln t per annum, and China’s magnesium…
Domestic Mg Price on the Rise
10/02/22 | Magnesium
Asian Metal News Domestic magnesium prices increased slightly this week as downstream buyers returned to the market after the Chinese New Year holiday. Mainstream magnesium prices currently stand at RMB 42,500~43,000/t today, holding stable form Monday. Some smelters have tentatively raised their quotes, driven by concerns about whether existing semi-coke…
Domestic Mg Prices Continue on the Decline
27/01/22 | Magnesium
Shanghai Nonferrous Metals News 26th January 2022: Mainstream domestic magnesium transaction prices stood at RMB 41,000/t, dropping slightly w-o-w. Downstream demand appeared lackluster before the holiday, seeing current orders mainly for the post-holiday futures market with prices approaching RMB 40,000/t.
Domestic Mg Prices Rebound Slightly
24/01/22 | Magnesium
China Nonferrous Metals News Buoyed by restocking needs prior to the Chinese New Year, domestic magnesium prices picked up slightly last week. As of 21st January, mainstream magnesium prices were being quoted at RMB 44,000~45,000/t ex-works with taxes in Fugu Shaanxi, with some transactions settling at RMB 44,000/t, up by…
Domestic Mg Prices Slide
13/01/22 | Magnesium
Shanghai Nonferrous Metals News 12th January 2022: Mainstream primary magnesium (90% grade) is being quoted at RMB 47,000~48,000/t, down by RMB 1,500/t from Tuesday. Industry commentators forecast domestic magnesium prices to continue hovering around this level before the Chinese New Year holiday (1 February 2022) amid weaker price prospects.
Bao Steel Group: 300 ktpy Mg Alloy Project in Chizhou, Anhui
12/01/22 | Magnesium
China Nonferrous Metals News Backed by total investment of RMB14.8 bln from Bao Steel Group and Yunhai Metals, the Baomei 300 ktpy magnesium alloy project has been launched at Qingyang Economic Zone, Chizhou, Anhui, with project construction starting immediately. The project includes mining, ore processing, magnesium smelting and magnesium alloy…
Domestic Mg Prices on the Rise
05/01/22 | Magnesium
Asian Metal News Mainstream domestic magnesium prices soared by RMB 1,000/t from end-December to RMB 50,000~51,000/t today, driven by concerns about whether existing semi-coke making equipment will be phased out going forward. Industrial commentators project domestic magnesium prices to rise further over the short-term, given tightening semi-coke supply and rising…
