Fujian Tianbao Resumes Mo Mining
13/03/20 | Molybdenum
Asian Metal News Fujian Tianbao, a molybdenum miner in Fujian with capacity of 6 ktpy will restart mining on 16th March 2020 after being suspended since 15th January 2020. The company originally planned to restart on 15th February 2020 but delayed until 15th March due to a lack of…
China Moly: 2019 Net Profit Declines
07/02/20 | Molybdenum, Tungsten
East Money News China Moly: The expected range of net profits of the company attributable to shareholders of listed companies is estimated at RMB1.7~ 2 bln for 2019, a decrease of 56.86%~63.33% y-o-y. The main reason for the decline can be attributed to the sharp y-o-y drop in prices of…
Super-Large W/MO Deposit Discovered in Henan
26/12/19 | Molybdenum, Tungsten
China Mining News The geological and Mineral Bureau of Henan has discovered a super-large molybdenum/tungsten deposits in Lengshui – Chitudian, Luanchuan, Luoyang. The new discovery will add 3.17 mln t of molybdenum, 439,600 t of tungsten, 361,600 t of lead, 2.36 mln t of zinc, 2.71 t of copper and…
Domestic Mo Market Remains Weak
29/10/19 | Molybdenum
China Commodity Marketplace This week saw few quotations and transactions, with prices dropping slightly on-week in the domestic molybdenum concentrate market. Quotations for standard grade molybdenum concentrates stand at RMB 1,770~1,780/MTU and high-grade is at RMB 1,790~1,840/MTU. Domestic FeMo prices continued to fall following rapidly falling procurement prices of steel…
China Moly Wins 28.3 kt Fanya APT Bid
19/09/19 | Molybdenum
China Commodity Marketplace 12PM, 17th September: The auction of Fanya’s (Pan-Asian) 28.3 kt APT stocks was completed on the auction platform of the Alibaba Judicial Network. The sales arm of China Moly Co. Ltd. won the bidding for 28.3 kt of APT, with a final transaction price at RMB3.268 bln(approximately…
Domestic Mo Prices Remain Stable
03/09/19 | Molybdenum
China Commodity Marketplace The domestic molybdenum concentrate market remained stable at a high level during August. At the beginning of the month, domestic molybdenum concentrate prices lifted to a new eight-year high, following a large Heilongjiang miner increasing its sales prices. As a result, molybdenum prices in other producing regions…
Domestic Mo Prices Stable at High Levels
22/08/19 | Molybdenum
China Commodity Marketplace The domestic molybdenum concentrate market remains stable, with steady prices and tightening spot supply. At present, molybdenum concentrates at standard grade are being quoted between RMB 1,990~2,000/MTU, and that for high grade concentrates at RMB 2,020~2,080/MTU. The domestic FeMo market remains flat with limited transaction and stable…
Luming Mining Maintenance
25/07/19 | Molybdenum
Asian Metal News Yichun Luming Mining, which has molybdenum concentrate capacity of 45 ktpy (50% grade), is scheduled to repair equipment over 7 days starting July 24th, in accordance with their regular quarterly maintenance plan. According to a company source, “Although maintenance will reduce the production of molybdenum concentrate by…
China Moly: Net Profit Declines in Q1 2019
23/04/19 | Molybdenum
China Commodity Marketplace 19th April, China Moly published its Q1 report, forecasting net profits between RMB 250 mln to RMB 350 mln for Q1 2019, down 77.4% or 83.9% on-year. The decline can be attributed to a drastic decline in prices of copper and cobalt, which are major products for…
