China Moly: Business Revenue of RMB 44.5 bln in Q1 2022
05/05/22 | Tungsten
People Net China Moly achieved RMB 44.5 bln in business revenues for Q1 2022, up by 11.55% y-o-y; the net profits belonging to the listed company were RMB 1.79 bln, up by 77.88% y-o-y. During Q1 2022, the company produced 3,812 tonnes of molybdenum and 1,943 tonnes of tungsten in…
Zhangyuan Tungsten:2021 Net Profits up by 343.84% y-o-y
25/04/22 | Tungsten
Finance News Zhangyuan Tungsten’s 2021 annual report shows the company achieved an operating income of RMB 2.66 bln, an increase of 37.97% y-o-y. Net profit attributable to shareholders of listed companies was RMB 165 mln, an increase of 343.84% y-o-y. Ganzhou Aoketai, a subordinate of Ganzhou Jiangxi, achieved operational revenue…
Domestic W Prices Keep Strong
12/04/22 | Tungsten
Shanghai Nonferrous Metals News Domestic tungsten prices are holding firm at the beginning of the week, with tungsten concentrate (65% WO3) prices at RMB 119,000~120,500/t and APT prices at RMB 182,000~183,000/t level. Increasing COVID cases and pandemic control measures disturb road transport in several producing regions, seeing producers grappling with…
Domestic W Prices on the Rise
31/03/22 | Tungsten
China Commodity Marketplace The domestic tungsten concentrate market remains firm, seeing the mainstream wolframite concentrate (65% WO3) price stable at RMB 119,000~121,000/t, scheelite concentrate (65% WO3) prices up to RMB 118,000~120,000/t and tungsten concentrate (55% WO3) up to RMB 116,000~118,000/t. Downstream buyers continue cautious, with few transactions, mainly driven by…
Domestic W Prices on the Rise
16/03/22 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate vendors are holding firm on prices, sending mainstream wolframite concentrate (65% WO3) up to RMB 118,000~119,000/t, scheelite concentrate (65% WO3) 117,000~118,000/t and tungsten concentrate prices (50~55% WO3) RMB 114,000~117,000/t. Following rising concentrate prices, domestic APT prices lifted to RMB 180,000~183,000/t. With tighter spot supply,…
MNR: First Batch of Production Quotas for REs and W
28/02/22 | Tungsten
SMM News The MNR (Ministry of National Resources) recently published its first batch of rare earth and tungsten quotas for 2022. The 2022 first round of rare earths mining quotas is 100.8 kt, 11.49 kt of which is ionic type, and 89.31 kt is rock type. The 2022 first round…
Zhangyuan Raises W Prices
14/02/22 | Tungsten
Shanghai Nonferrous Metals News Zhangyuan Tungsten raised its long-term contract prices for the last two weeks of February, increasing wolframite concentrate prices (WO3 >55% ) by 1,500/t to RMB115,000/t and scheelite concentrate prices (WO3>55%) to RMB 113,500/t. It also lifted its APT prices by RMB 2,500/t from the previous term…
Post-holiday W Prices Stay Firm
10/02/22 | Tungsten
China Commodity Marketplace The post-holiday tungsten concentrate market remains firm, seeing mainstream wolframite concentrate (65% WO3) prices rising to RMB 117,000~119,000/t, scheelite concentrate (65% WO3) prices up to RMB 116,000~118,000/t and tungsten concentrate (55% WO3) up to RMB 114,000~116,000/t. Domestic APT prices have been on the rise this week, seeing…
MIIT: First Batch of Production Quotas for REs
07/02/22 | Tungsten
SMM News 7 February 2022: MIIT (Ministry of Industrial and Information Technology) published its first batch of rare earth quotas for 2022. The 2022 first round of rare earths mining quotas are 100.8 kt and the smelting quotas are 97.2 kt, both up by 20% from the figures of 84…
