China Tungsten Hitech Materials: 2019 Annual Report
27/04/20 | Tungsten
Shanghai Nonferrous Metals News 27th SMM: China Tungsten Hitech Materials published its 2019 annual report, stating that during the reporting period, the company realized an operating revenue of RMB8.085 bln, down 1.12% y-o-y. Net profit attributable to shareholders of listed companies was RMB123 mln, down 9.31% y-o-y. The decline can…
Domestic W Market Stagnant
22/04/20 | Tungsten
China Commodity Marketplace The domestic tungsten concentrate market has stagnated with few transactions as miners are reluctant to sell at low prices and are looking for a short-term rebound. At present, wolframite (65% grade) mainstream quotations are holding steady at RMB 76,000~77,000/standard t; scheelite (65% grade) is at RMB75,000~76,000/standard t…
Xiamen W: 2019 Net Profits Down by 47.76% Y-O-Y
20/04/20 | Tungsten
China Finance News Xiamen Tungsten Annual Report, 17th April: the company achieved a total operating revenue of RMB17.396 billion in 2019 down 11.05% y-o-y, the net profit attributable to shareholders of listed companies was RMB 261 million, down 47.76% y-o-y. “Tungsten molybdenum and other non-ferrous metal products” generated most of…
Domestic W Market Stable at Low Level
16/04/20 | Tungsten
China Commodity Marketplace Domestic tungsten prices have stopped falling, with miners refusing to sell at low prices. At present, wolframite (65% grade) mainstream quotations are at RMB75,000~76,000/standard t; scheelite (65% grade) is at RMB74,000~76,000/standard t and tungsten concentrates (50~55% grade) at RMB 71,000~74,000/standard t, all holding stable from late week.…
Ganzhou Jiangxi: Standard for Construction of Green W Mines
10/04/20 | Tungsten
China Mining News The local authorities of Ganzhou, Jiangxi, recently published “Standard for Construction of Green Tungsten Mines”, which is to be implemented from May 1st, 2020. The Standard defines general principles, mining environment, resource development, comprehensive utilization, energy conservation and emission reduction requirements of green construction of tungsten mines,…
Domestic W Market Remains Weak
09/04/20 | Tungsten
China Commodity Marketplace The domestic tungsten market continues weak at low levels. Domestic miners held firm on prices after mainstream prices fell below the average mining cost of RMB85,000/t, with the potential to slip further. At present, wolframite (65% grade) mainstream quotations are at RMB79,000~80,000/standard t; scheelite (65% grade) is…
Domestic W Market Remains Weak
02/04/20 | Tungsten
China Commodity Market Place The domestic tungsten concentrate market remained weak, seeing tungsten concentrate prices consolidating after falling below RMB80,000/t during the week. However given continued lackluster downstream demand, domestic tungsten prices have the potential to fall further going forward. Mainstream wolframite (65% WO3 grade) prices dropped to RMB 80,000~82,000/t,…
Guangsheng Nonferrous Metals: 2019 W Output Declines
31/03/20 | Tungsten
China Commodity Market Place Guangsheng Nonferrous Metals’ 2019 annual report shows the company’s operation revenue grew by 87.5% y-o-y to RMB4.51 bln. Net profit attributed to the listed shareholders was RMB44.11 mln in contrast to a net loss of RMB266 mln in 2018. During the reporting period, the company’s tungsten…
Zhangyuan W: Net Loss of RMB290 mln in 2019
30/03/20 | Tungsten
Sina Finance News 23rd March: Zhangyuan Tungsten’s 2019 annual report shows the company’s operating profits were negative, (RMB -285.91 mln, a decrease of 473.27% y-o-y), during the reporting period. Total profits were also negative RMB -299.46 mln, a decrease of 491.81% y-o-y. The company’s net profit attributable to shareholders of…
