News

[SMM Titanium News] In January, Ningxia Jinhang Titanium Industry launched an expansion project for an annual production capacity of 3,000 tons of titanium and titanium alloy ingots, with a total investment of 100 million yuan. After completion, the production capacity will reach 6,000 tons, establishing a full-spectrum high-end titanium alloy ingot product system to support high-end manufacturing sectors such as aerospace.

[SMM Weekly Magnesium Inventory Flash Report] This week, the factory inventory increased by 1.26% compared to the previous week. As pre-holiday stockpiling nears its end, market transactions have gradually weakened, with only some inelastic demand maintaining sporadic purchases. Additionally, this week, the bottom support for magnesium prices has become prominent, the pace of price decline has slowed, and the demand for stockpiling has been rather sluggish. Affected by these combined factors, the manufacturer's inventory has shown a slight accumulation trend this week.

[SMM Weekly Production Flash Report] From January 31 to February 5, the weekly production of the national sample magnesium plants was 22,837 tons, with a weekly operating rate of 74.9%, a 1.1% decrease compared to the previous week.

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

[Chongyi Tungsten Enterprise First-Half February Long-Term Contract Information] SMM, February 5: A tungsten enterprise in Chongyi raised its long-term contract purchase prices for the first half of February: 1) 55% black tungsten concentrate: 670,000 yuan/mt, up 147,000 yuan/mt MoM; 2) 55% white tungsten concentrate: 669,000 yuan/mt, up 147,000 yuan/mt MoM; 3) ammonium paratungstate (national standard zero-grade): 970,000 yuan/mt, up 300,000 yuan/mt MoM. Note: The above unit prices include 13% VAT.

[SMM Titanium Express] A Xinjiang CPPCC member proposed systematically developing the titanium industry as a new engine for high-quality development. Xinjiang has established a globally leading full industrial chain from titanium ore to sponge titanium and titanium materials, providing a solid foundation for producing high-value aerospace and medical products. The suggestion includes supporting leading firms to collaborate with research institutions on core technologies and leveraging Xinjiang's geographic advantage to export titanium products via the China-Europe Railway Express to Central Asia and Europe. Related enterprises plan to invest in a vanadium-titanium industrial chain project in southern Xinjiang, expected to create substantial employment.

[SMM Titanium Express] European Lithium plans to acquire U.S. Velta Holding's titanium assets in Ukraine for A$52 million, including the Burzulivsky integrated processing plant and Likarivskoye deposit, which account for about 2% of global titanium feedstock output.

[SMM Titanium Express] Jintian Titanium's testing center obtained a COMAC test qualification certificate, indicating its titanium alloy R&D and testing system meets standards, facilitating deeper involvement in material support for domestic large aircraft.

[SMM Magnesium Express] Yizumi and Yujiang Die-Casting signed a strategic pact on Mg alloy semi-solid forming. They will jointly tackle key tech hurdles in materials and mass production, deploying large semi-solid machines to supply lightweight solutions for EVs and 3C electronics, advancing Mg alloy commercialization.

[ SMM Molybdenum Daily Review: Overseas Molybdenum Market Rose, Coupled With Increased Stocking Demand From Domestic Steel Mills, Molybdenum Market Increased ] SMM February 4 News: Today, the domestic molybdenum market rebounded slightly. The international molybdenum oxide market held up well, boosting domestic market sentiment. On February 3, a mine in Yunnan auctioned molybdenum concentrate, with the final transaction price rising to 4,115 yuan/mtu, driving up the center of spot order negotiations in the domestic market. Today, prices of major domestic molybdenum products, including molybdenum concentrate, ferromolybdenum, and molybdenum chemicals, generally rose, and market trading sentiment was active.

[SMM Magnesium Morning Conference Notes: Magnesium Market Under Pressure Amid Tight Raw Material Supply and Sluggish Demand] February 4, cost side, dolomite supply tightened as leading producers in Wutai suspended production, with prices expected to hold up well; ferrosilicon futures dropped slightly, while spot transactions remained neutral, with downstream users mainly making just-in-time procurement. The magnesium ingot market continued its weakness, with offers in Fugu County lowered to 16,400-16,500 yuan/mt, sluggish transactions, and strong wait-and-see sentiment among downstream users. Foreign trade was mainly focused on fulfilling previous orders, with few new orders. The benchmark price of magnesium alloy was under pressure due to declining magnesium ingot prices on the cost side, but processing fees held steady. As the Chinese New Year approached, some end-users began holidays, leading to a slight decrease in orders, with the market maintaining a tight balance. The magnesium powder market remained generally stable, though the center shifted slightly downward due to falling raw material prices. On the demand side, domestic trade involved purchasing as needed, while foreign trade saw limited new orders. Overall, the magnesium industry chain faced partial supply tightness providing support in the short term, but sluggish demand remained the core factor driving price trends, with the market expected to stay in the doldrums.