Xianglu W: Losses of RMB 10~20 mln in H1 2023
09/08/23 | Tungsten
Shanghai Nonferrous Metals News Xianglu Tungsten expects a net profit loss of RMB 10~20 mln attributable to shareholders of the listed company in H1 2023, reversing the company’s profitable trend in H1 2022. The loss can be attributed to increased prices for tungsten concentrates and APT which have been led…
China W Hi-Tech: Technology Upgrades for Smart Production Line of Ultrafine
24/07/23 | Tungsten
W Carbide Powder 17th July: China Tungsten Hi-Teck announced that its wholly owned subordinate, Minmetals-ZCC is to implement technology upgrades on a smart production line for ultrafine tungsten carbide powder, with a total investment of RMB 248. The expected return period for project investment is 7.9 years (before tax). This…
Domestic W Prices on the Decline
30/06/23 | Tungsten
China Commodity Marketplace Domestic tungsten concentrates prices have been on the decline this week, seeing mainstream wolframite concentrates (65% WO3) prices drop to RMB12,000~12,100/t, scheelite concentrates (65% WO3) prices down to RMB 119,000~120,000/t and tungsten concentrate prices (50~55% WO3) prices at RMB 116,000~119,000/t. Mainstream APT prices trended down slightly to…
Zhangyuan W: Long-term Contract Prices for June
07/06/23 | Tungsten
Shanghai Nonferrous Metal News Zhangyuan Tungsten published the long-term contract prices for the first two weeks of June this Tuesday, which are all up slightly from the previous term. Wolframtie concentrate (55% WO3) at RMB 119,000/t, up by 500/t Shceelite concentrate (55% WO3) at RMB 117,500/t, up by 500/t APT…
Long-term Contract Prices of W Concentrates and APT
18/05/23 | Tungsten
China Commodity Market Place Guangdong Xianglu increased its long-term contract prices for tungsten concentrates by RMB 2,500/t from April to reach RMB 117,500/t for wolframite concentrate and RMB 116,500/t for scheelite concentrate (55% WO3) in May. The company also raised its APT prices by RMB 2,500/t to RMB 179,500/t. Fujian…
2023 Q1 Report for Two W Producers
28/04/23 | Tungsten
Zhangyuan W and XTC News 24th April, Zhangyuan Tungsten: Zhangyuan Tungsten achieved operating revenues of approximately RMB 823 mln in Q1 2023, down by 5.75% y-o-y. The rapid decline can be attributed to weaker demand, shrinking sales and falling gross profit margins during the reporting period y-o-y. 24th April, XTC:…
MNR: 2023 First Batch of Production Quotas of W at 63 kt
17/04/23 | Tungsten
SMM News The MNR (Ministry of National Resources) recently published its first batch of tungsten quotas for 2023. The 2023 first round of tungsten mining quotas is 63 kt (converted to 65% WO3), and quotas have been assigned to Jiangxi (23.67 kt), Hunan (15.53 kt), and Henan (7.05 kt), accounting…
China APT Production at 11.7 kt in March
13/04/23 | Tungsten
Shanghai Nonferrous Metals News China produced 11.7 kt of APT in March 2023, up by 6% m-o-m. The rise in production can be attributed to APT smelters returning to normal operations, focusing on delivery of long-term contracts. Domestic APT prices on the spot market slid slightly in March led by…
MIIT: 2023 First Batch of Production Quotas for REs
11/04/23 | Tungsten
China Nonferrous Metals News 11th April 2023: MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth quotas for 2023. The 2023 first round of rare earth mining quotas is for 120 kt and the smelting quota is 115 kt, increasing from 100.8 kt and 97.2…
