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The United States intends to impose tariffs on rare earth magnets in China

US Treasury Department was considering launching an investigation on imported neodymium magnets widely used in electromechanical products, motors and other industrial products on the grounds of "national security." Imports of neodymium magnets mainly come from China.

Jun 17, 2021 13:09

CST

industry news

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Chongqing Three Gorges Water Conservancy and Electric Power: Chongqing Wuling Manganese Industry has suspended production as required by the notice

The company announced that its subsidiary Chongqing Wuling Manganese Industry, has received a notice on “stopping the usage of slag yard" from Xiushan Ecological Environment Bureau and an "Emergency Notice on the Disposal of Backward Production Technology and Equipment of Electrolytic Manganese Metal" from Xiushan Economic and Information Commission.

Jun 17, 2021 10:26

CST

industry news

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National Food and Strategic Reserves Administration to release copper, aluminium, and zinc stocks

China National Food and Strategic Reserves Administration will release copper, aluminium and other stocks to ensure the supply and stabilise the prices of commodities in accordance with the deployment by the State Council.

Jun 16, 2021 13:23

CST

industry news

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Water inrush accident at a mine in Daixian County likely to lead to shutdowns of all underground mines in Shanxi province for rectifications

A water inrush accident occurred at the Dahongcai iron ore mine in Daixian County, Shanxi Province on June 10, leaving 13 people trapped, according to preliminary estimate.

Jun 15, 2021 13:30

CST

industry news

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Steel News Roundup

Department of Emergency Management of Hebei Province decided to further investigate major accidents and hidden dangers in steel plants, and required steel plants in many cities to carry out in-depth rectifications, in order to fully clear hidden dangers.

Jun 15, 2021 13:20

CST

industry news

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Shenghe Resources to raise 1.368 billion yuan to expand capacity

Shenghe Resources announced plans to raise funds through non-public issuance of A-shares of 106 million shares, totalling 1.368 billion yuan. The net amount of funds raised after deducting the issuance costs will be all used in the following projects.

Jun 10, 2021 11:17

CST

industry news

The 100th anniversary of the founding of the Communist Party of China (CPC) will affect output of domestic mines in July, but the impact will depend on whether ROM inventory is sufficient

Most of the mines surveyed by SMM said they have not yet received notices on production restrictions for the 100th anniversary of the founding of CPC in early July.

Jun 10, 2021 10:09

CST

industry news

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Malaysian secondary copper dismantling and processing plants to shut for 14 days amid full lockdown

Malaysia announced a full lockdown (FMCO) from June 1-14 due to severe Covid-19 pandemic situations. The logistics and manufacturing industries that are allowed to continue to operate are limited to production and transportation of some daily and medical necessities.

Jun 8, 2021 11:44

CST

industry news

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Deteriorating COVID-19 pandemic outbreak in India hit export orders for lithium battery products

The COVID-19 outbreak has led to a precipitous decline in factory operating rates, with operating rates of pharmaceutical intermediate and active pharmaceutical ingredient (API) companies only at around 30%. India is also known as the "World's Pharmaceutical Factory" and produces nearly 20% of the world's generic drugs.

Jun 8, 2021 10:52

CST

industry news

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Exclusive: China's NPI output increased by 5.32% MoM to 35,700 mt

Domestic NPI output increased by 5.32% month on month to 35,700 mt (Ni content) in May 2021. Output of high-grade NPI rose 10% to 29,400 mt in metal content, while that of low-grade NPI dropped 12.1% to 6,300 mt in metal content.

Jun 8, 2021 10:39

CST

industry news

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