China Produces 15.8 kt of FeMo in July 2023
10/08/23 | Molybdenum
Shanghai Nonferrous Metal News China produced 15.8 kt of FeMo in July 2023, down by 4% m-o-m. The decline can be attributed to FeMo producers running at only 60~80% operational rates to mitigate the risks coming from high molybdenum concentrate prices. Some FeMo producers ran maintenance in July, resulting in…
China Remains the Largest Producer and Consumer of Mo in 2022
10/05/23 | Molybdenum
China Mining News IMOA (International Molybdenum Association): Global consumption of molybdenum was on the rise in 2022, while total global production was in decline. In 2022, China remains the world’s largest producer and consumer of molybdenum with 112.8 kt of production and 122 kt of consumption, up by 12% and…
Domestic Mo Prices Surge
18/10/22 | Molybdenum
China Commodity Marketplace Mainstream molybdenum concentrate prices rose by RMB 20/mtu to RMB 3,320~3,330/mtu for standard grade and RMB 3,340~3,380/mtu for high grade concentrates. Domestic molybdenum prices have surged to a 14 year high point, and are expected to hold steady at high levels over the short term. Mainstream domestic…
Moly Concentrate Prices Spike
16/09/22 | Molybdenum
China Mining News 15th September: 510 t of molybdenum concentrate (50% min grade) was sold at RMB 2,915~2,940/mtu by a Henan miner via offer bid channels, marking a new high for the last 13 years. At present, production costs of FeMo have climbed to RMB 190,000/t and FeMo prices are…
Domestic Mg Prices Continue under Pressure
14/07/22 | Molybdenum
China Nonferrous Metals News As of 8th July Friday, mainstream primary magnesium prices were being quoted at RMB 24,600/t ex-work with taxes by cash in Shaanxi, with mainstream transaction prices settling at the same level, down by RMB 100/t from the previous Friday. Prices in other producing regions followed the…
Tailings Dam Leak at a IM Moly Mine
20/04/21 | Molybdenum
Asian Metal News 16th April 2021: The Xishadegai Molybdenum Industry Co., Ltd at Wulat Front Banner IM reported a tailings leak accident. The leak is now under control, there were no casualties, but the cause of the accident is still under investigation. Source
China Moly Works with CATL in Kisanfu Cu/Co Project Development
12/04/21 | Molybdenum
Shanghai Nonferrous Metals News China Moly and CATL Ningde reached an agreement regarding the joint development of the Kisanfu copper and cobalt project in the Democratic Republic of Congo (DRC). China Moly will be fully engaged in day-to-day project operations. The Kisanfu project has 365 mln t of ore resources,…
China Moly: 2020 Sales Revenue of RMB112.98 bln
25/03/21 | Molybdenum
China Nonferrous Metals News China Moly achieved RMB112.98 bln as sales revenue in 2020, up by 65% y-o-y. The company’s net profit attributable to the parent company was RMB 2.33 bln, a year-on-year increase of 25%; the net operating cash flow was RMB 8.49 bln, a year-on-year increase of 398%.…
Henan: Geology Exploration Results during the 13th FYP Period (2016~2020)
15/03/21 | Molybdenum
Fubao News During the 13th Five Year Plan period (2016~2020), the Henan Bureau of Geology and Mineral Resources has submitted new mineral resources including 346.5 t of gold, 9,099 t of silver, 1.26 mln t of copper, 10.65 mln t of lead and zinc, 3,697 t of tin, 4.29 mln…
