Fugu Jujinbang Mg Resumes Production
18/11/21 | Magnesium
Asian Metal News Fugu Jujinbang Magnesium restarted magnesium ingot production on 15th November 2021 after having been idle since April. The company produced 30 tonnes of magnesium on 15th November, and intends to produce 400 tonnes in November. Fugu Jujinbang suspended operations on 22nd April 2022 due to liquidity pressures…
Shaanxi Yulin: Mg Production Increases in Q3
15/11/21 | Magnesium
Asian Metal News From January to September 2021, the cumulative production of magnesium in Yulin Shaanxi was 416.8 kt, up 3% y-o-y. Yulin produced 34.9 kt of magnesium in September, down 6% from 37.1 kt in August, compared with its July production of 41.7 kt. Yulin’s 2021 cumulative production of…
Domestic Mg Prices Rebound to RMB31,000/t
10/11/21 | Magnesium
China Nonferrous Metals News 5th November: Mainstream primary magnesium ingots were being quoted at RMB32,000~33,000/t in Fugu Shaanxi, with mainstream transaction prices at RMB31,000/t, bouncing up by RMB4,000/t from a low position last week. Domestic magnesium smelters face shrinking profits led by strong production costs. Market analysts project domestic magnesium…
Domestic Mg Prices Continue to Fall
04/11/21 | Magnesium
Shanghai Nonferrous Metals New 3rd November 2021: Mainstream magnesium prices were being quoted at RMB28,500~29,500/t ex-works (with taxes) in Fugu Shaanxi, down by RMB3,000/t from yesterday. In Fugu, magnesium ingot transaction prices fell to RMB29,000/t. According to an internal source, the domestic market remains weak with few transactions. Magnesium producers…
Qinghai Salt Lake: 5 ktpy Mg/Al Alloy Project at Ma’anshan, Anhui
02/11/21 | Magnesium
Shanghai Nonferrous Metals News Qinghai Salt Lake announced that Telimei Magnesium – a subordinate company will – develop a 5 ktpy magnesium and aluminium alloy new material project in Ma’anshan, Anhui province. Qinghai Salt Lake plans to develop magnesium and aluminium projects outside of Qinghai to ensure a complete industrial…
Domestic Mg Prices Continue to Fall
02/11/21 | Magnesium
Asian Metal News Domestic magnesium prices slumped by approximately RMB13,000/t last week in the wake of falling prices of coal and FeSi, weaker downstream demand and fierce price competition among peers. This Monday, the sharp downward magnesium price curve eased after falling by RMB3,000/t from last Friday and stabilized at…
Domestic Mg Prices Soar to RMB41,751/t in September
15/10/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices soared to RMB41,751/t in September, up by 229% m-o-m. The average magnesium prices from January to September 2021 grew by 51.26% y-o-y to RMB20,424/t. The ‘dual control’ policy as well as power rationing implemented in major magnesium producing provinces has led to suspensions…
China Produces 494.1 kt of Mg from Jan. to July. 2021
16/09/21 | Magnesium
China Nonferrous Metals News CNIA: China produced 494.1 kt of primary magnesium during the first seven months of 2021, up 4.55% y-o-y. Of the total, magnesium production in Shaanxi was 344.2 kt, Shanxi 68.7 kt and Ningxia 13.4 kt, up 12.3%, up 0.58% and down 50.35% y-o-y respectively. Domestic magnesium…
Domestic Mg Prices Rally
08/09/21 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rallied recently, driven by rising coal and FeSi prices along with tightening supply at smelters. Mainstream magnesium prices were being quoted at RMB30,500~31,000/t ex-works with taxes in Fugu Shaanxi last Friday, with some transactions closed at RMB30,500/t, an increase of RMB4,500/t w-o-w. Between…
