China RE Group Established
27/12/21 | Tungsten
China Mining News 23rd December 2021: China Rare Earth Group Co., Ltd. was officially established. China Rare Earth Group is directly under the supervision of the SASAC (The State-owned Assets Supervision and Administration Commission of the State Council) and has diversified shareholders. It has six shareholders, including: SASAC (31.21% stake);…
XTC: Acquisition of Bobai W/Mo Mine in Guangxi at RMB 301 mln
16/12/21 | Tungsten
Shanghai Nonferrous Metals News 14th December 2021: Xiamen Tungsten Group (XTC) announced that the company is set to acquire a 100% equity in Bobai Judian from Shenwei Mining Co. Ltd at RMB 301 mln. Located at Bobai County, Guangxi, Bobai Judian owns the mining rights to the Youmapo tungsten and…
Domestic W Prices Rise
15/12/21 | Tungsten
China Commodity Market Place Domestic wolframite concentrate prices (65% WO3) have increased to RMB 107,000~109,000/t, scheelite concentrate prices (65% WO3) at 106,000~108,000/t, and tungsten concentrate prices (55% WO3) at RMB 104,000~106,000/t. Tightening spot supply in conjunction with tungsten venders’ wait-and-see attitudes have shored transaction prices for tungsten concentrates this week.…
Domestic W Prices on the Decline
01/12/21 | Tungsten
China Commodity Market Place The domestic tungsten prices have been on the decline during November 2021. As of end-November, mainstream wolframite concentrate (65% WO3) prices had dropped to RMB105,000~107,000/t; scheelite concentrate (65% WO3) prices RMB104,000~106,000/t and tungsten concentrate (55% WO3) at RMB102,000~105,000/t. Following sliding prices for tungsten concentrates, caustic soda…
Jiangxi: 14th FYP for Nonferrous Metals
30/11/21 | Tungsten
China Nonferrous Metals News The local authorities of Jiangxi recently published ‘14th Five Year Plan for Nonferrous Metals Development’. The document states that by end-2025, the total industrial value generated from tungsten, rare earth and other strategic resource industries in Jiangxi will increase to RMB100 bln. Meanwhile, types of new…
Xiamen Jinlu: W Powder and Cemented Carbide Project in Xiamen
09/11/21 | Tungsten
Xiamen Tungsten News Xiamen Xiamen Jinlu Cemented Carbide Co., Ltd. plans to invest RMB1.99 bln in constructions of tungsten powder and cemented carbide alloy production lines in Haicang district, Xiamen. The project involves 12 ktpy of tungsten powder, 11.2 ktpy of mixed tungsten material, 2 ktpy of cemented carbide production…
Domestic W Prices Fall Slightly
05/11/21 | Tungsten
Asian Metal News Domestic tungsten concentrate prices fell slightly this week, mainstream wolframite concentrate (65% WO3) prices fell by RMB2,000/t from last Friday to RMB109,000~111,000/t. Concentrate vendors are tending to hold firm on tighter supply, while downstream APT smelters are cautious about restocking amid weaker demand. Market commentators project domestic…
Xialong W Completes Mining Expansion
04/11/21 | Tungsten
China Nonferrous Metals News Xialong Tungsten Industry Co., Ltd. recently completed an expansion of mining below 86 meters at the Zuoba tungsten mine and was granted a Mineral Resources Exploration License by the Ministry of Natural Resources. The survey covers an area of 22.74 square kilometers and will expire on…
Domestic W Market Stable
29/10/21 | Tungsten
China Nonferrous Metals News The domestic tungsten market remained flat this week with few transactions, concentrate vendors continued to hold firm on prices and downstream smelters were cautious about restocking. Mainstream wolframite concentrates (65% WO3) were quoted at RMB112,000~114,000/t, scheelite concentrates (65% WO3) at RMB111,000~113,000/t and concentrate concentrates (50~55% WO3)…
