MNR: First Batch of Production Quotas for REs and W Ore
23/02/21 | Tungsten
SMM News 23rd February 2021: MNR (Ministry of Natural Resources) and MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth and tungsten mining quotas for 2021. The first round of tungsten concentrate (WO3 65%) production quotas for 2021 is 63,000 t, including a 46,890 t…
Domestic W Prices Rebound
22/02/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate (WO3 65%) prices continued to rise to RMB91,000~93,000/t, with concentrate prices (50~55% grade) at RMB90,000/t at present. In anticipation of a bullish market, tungsten concentrate vendors are holding firm on prices. Domestic APT smelters raised their quotes to RMB139,000~141,000/t. APT prices are likely to…
W Producers Resume Operations
19/02/21 | Tungsten
China Commodity Marketplace Domestic tungsten producers gradually returned to work after the Chinese New Year holiday, but sentiment is cautious, with the market appearing flat. In view of the COVID vaccination program being rolled out worldwide, a strong rebound in macro-economic and overseas demand can be expected over the medium-term.…
Domestic W Prices on the Rise
10/02/21 | Tungsten
Shanghai Nonferrous Metals News 9th February: Ganzhou Tungsten Association announced that it will increase guide prices of wolframite concentrate by RMB4,200/t to RMB90,000/t. JXTC raised long term contracts prices of wolframite concentrates by RMB 5,000/t to RMB 93,000/t, along with prices of scheelite and APT. Some downstream producers are keen…
Suspension of Four W Miners in December 2020
29/01/21 | Tungsten
Asian Metal News Four domestic tungsten miners, including two in Hunan, one in IM and one in Guangdong, suspended operations in December 2020. A total of 7.3 kt of tungsten mining capacity is involved. Source
Domestic W Prices Remain Firm
28/01/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices held firm this week, seeing mainstream prices lifting to RMB90,000/t. Reduced mining operations curbed spot supply of concentrates and drove prices accordingly prior to the Chinese New Year holiday. Mainstream wolframite (65% WO3) is being quoted at RMB89,000~91,000/t, scheelite (65% WO3) prices are…
Zhangyuan W and Achteck: Advanced Hi-Tech Producers
20/01/21 | Tungsten
Asian Metal News 19th January 2021: Zhangyuan Tungsten announced that it and subordinate – Achteck Cutting Tools Co. Ltd – have been classified as ‘Advanced Hi-Tech Producers’ by relevant local authorities. Zhangyuan Tungsten earned this title in 2011, 2014 and 2017 respectively, each effective for three years. Achteck first earned…
Domestic W Prices Steady
19/01/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices held firm this week after high-end prices rebounded to RMB90,000/t last week. Domestic miners and traders increased sales but downstream producers still experienced difficulties sourcing low-prices concentrates. Mainstream wolframite (65% WO3) is being quoted at RMB88,000~90,000/t, scheelite (65% WO3) prices are RMB87,000~89,000/t and…
Domestic W Concentrate Prices Edge up
13/01/21 | Tungsten
Shanghai Nonferrous Metals News As of 12th January 2021, domestic wolframite concentrate (65% Wo3) prices rose by RMB3,000/t from RMB85,500/t in mid-December 2020 to RMB88,500/t. According to SMM, many tungsten miners have halted operations due to environmental reasons, restricted electricity supply and maintenance prior to Chinese New Year. As a…
