Published: Oct 7, 2023 13:29

Latest Discovery: A New Strategic Key Metal Mineral. According to the official Weibo of China Nuclear Group, on October 3, the new mineral niobobaotite discovered by Ge Xiangkun, Fan Guang and Li Ting researchers of China Nuclear Geoscience and Technology Co., Ltd. (Nuclear Industry Beijing Geological Research Institute) was officially approved by the International Mineral Association New Mineral, Naming and Classification Committee (IMA CNMNC), with the approval number IMA 2022-127a. This is the 13th new mineral discovered by China's nuclear geosystem in nearly 70 years.

Niobobaotite was discovered in the famous Baiyunebo Mine in Baotou City, Inner Mongolia, and produced from niobium-rare earth-iron ore. It is brown to black, columnar or plate-like, semi-form to other form, and the particle size is about 20μm~80μm. Niobobaotite is a silicate mineral rich in Ba, Nb, Ti, Fe and Cl, belonging to the tetragonal system.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
39 mins ago
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
Read More
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
39 mins ago
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
1 hour ago
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
Read More
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
[SMM Titanium Spot Express: Titanium Dioxide Market Remains in the Doldrums, Supply Divergence Persists as Prices Creep Upward Slowly] On September 2, the SMM titanium dioxide index stood at 14,080 yuan/mt, with quotes for all grades unchanged. Supply-side cargo divergence was evident in the market, with some enterprises offering discounts to move inventory. Downstream demand remained weak with no concentrated restocking yet, and the effectiveness of price adjustments still needs to be verified. In the short term, prices are expected to consolidate.
1 hour ago
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
1 hour ago
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
Read More
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
[Cost Support Lifts Magnesium Ingot Quotations; Weak Demand in Domestic and Overseas Markets May Keep Prices Consolidating] Mainstream quotations for magnesium ingot in Fugu stand at 16,050-16,150 yuan/mt, with FOB prices at $2,280-2,380/mt. Domestic producers are actively holding prices firm on cost support, but downstream purchases remain cautious and high-price deals are hard to close. The overseas market is rising passively in tandem with China without any substantial improvement in ex-China demand. Magnesium prices are likely to consolidate within a range in the short term.
1 hour ago