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Capacity Utilisation Rates Of Iron Ore Mines In Jilin Rose Significantly In May
iconJun 7, 2023 13:54
Source:SMM
In May, the capacity utilisation rates of mines in Jilin increased significantly month-on-month, mainly due to the resumption of production at some local beneficiation plants and some mines after safety inspections.

In May, the capacity utilisation rates of mines in Jilin increased significantly month-on-month, mainly due to the resumption of production at some local beneficiation plants and some mines after safety inspections.

According to SMM survey, a private mine in Yanbian area stated that thanks to previous mining, its beneficiation plant had started production in May, and its monthly concentrates output was about 40,000-50,000 mt. Its pelletising plant planned to restart production in mid-June.

However, due to the recent weak concentrates prices, low grade of ROM and high concentrate ratio, the operating cost of iron ore concentrates reached as high as more than 800 yuan/mt (dry basis, including tax). The mine thus lacked interest in selling goods.

The output at a mine of a state-owned steel mill in Jilin also increased. Under the influence of various factors, the output of the mine decreased previously, and it ramped up production in May.

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