Domestic Mg Prices Rebound Slightly
17/01/24 | Magnesium
Asian Metal News Mainstream magnesium prices increased by RMB 150/t from last Friday to RMB20,200~20,500/t on Tuesday 16th, boosted by increased restocking activities prior to the Chinese New Year holiday which starts from 9thFebruary 2024. A magnesium consumer in northern China bought 62 t of magnesium at RMB 20,050/t last…
Xintian Mg Resumes Operations
25/12/23 | Magnesium
Shanxi Xintian News Xintian Magnesium resumed operations on 25th December 2023. The company is currently producing 80 kt of magnesium and 100 t of FeSi (75% grade) daily, aiming to ramp up magnesium production to 150 t per day. It currently holds 300 t of magnesium in stock. Xintian Magnesium…
Domestic Mg Prices at Low Levels
08/12/23 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices were being quoted at RMB 20,600/t ex-works with taxes by cash in Fugu Shaanxi, with mainstream transaction prices between RMB 20,500~20,600/t, down slightly w-o-w. Prices in other producing regions followed the downward trend. Domestic magnesium prices have been hovering…
Two Fugu Mg Smelters Resume Operations
17/11/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter powered up two sets of 150 ktpy semi-coke furnaces on 17th November and is set to resume production on 25th November with daily production expected at 80 t. The company intends to produce 600 t of magnesium in November and will restart three…
Shanxi New Energy Mg Suspends Operation
13/11/23 | Magnesium
Asian Metal News Shanxi New Energy Magnesium suspended operations on 5th November and is set to resume operations in January 2024- with daily production increasing to 200 kt. As of today, the company has produced 100 t of magnesium in November, down by 600 t m-o-m. According to a…
Domestic Mg Transactions Slow
10/11/23 | Magnesium
Asian Metal News Domestic magnesium transactions slowed on the spot market with prices at RMB 21,200~21,500/t on Wednesday, unchanged from the previous trading day. In view of the slower transactions, industry commentators forecast continued weak prices next week. A magnesium buyer bought 62 t of magnesium at RMB 21,100/t on…
Anhui Salt Lake: Teli Mg New Materials Completes Mg and Al Alloy Project
08/11/23 | Magnesium
China Nonferrous Metals News Anhui Salt Lake Teli Magnesium New Materials has completed the acceptance of its magnesium and new aluminum alloy materials development and application project, with an annual capacity of 5 kt. The project is located in the economic development center of the Yangtze River Delta, making use…
Domestic Mg Prices on the Decline
24/10/23 | Magnesium
Asian Metal News 24th October: Domestic magnesium prices fell by RMB 1,000/t from last Friday to RMB 21,500~22,000/t under pressure of increasing supply led by resumption of previously idled capacities. Most buyers were watchful and industry commentators forecast prices to dip further this week. According to a magnesium consumer in…
Yunhai Metal Officially Transforms into Baowu Mg Industry
26/09/23 | Magnesium
Sohu News Nanjing Yunhai Special Metals Co. Ltd. received approval to issue shares to Baosteel Metal Co according to the “Approval for Nanjing Yunhai Special Metals Co., Ltd. to Issue Shares to Specific Parties”. Baosteel Metal presently holds 152,499,155 shares of the company, accounting for 21.53% of the total. The…
