Sinomine's Tsumeb Smelter Project Phase I Starts Trial Operation in Namibia

[Magnesium Market Consolidated at Lows and Stabilized at the Beginning of the Week, Magnesium Prices Maintained Range-Bound Movement] Today, 99.90% magnesium ingot was quoted at 16,500-16,600 yuan/mt in the main producing areas, unchanged from earlier quotes.

[SMM Tungsten Daily Review: Pessimistic Sentiment Released in Concentration, Tungsten Products Fell across the Entire Industry Chain Today] SMM April 27: China's tungsten market today was hit by the sharp downward adjustment of long-term contracts by leading enterprises, and prices across the entire industry chain fell collectively to catch up with earlier declines. The single-day drop hit a recent high, market bullish confidence was severely undermined, and the trading atmosphere turned sluggish.

[Tungsten Industry Long-term Contract Information] SMM April 25: The long-term contract prices (VAT-inclusive) for tungsten raw materials in the second half of April from a tungsten company in Guangdong were as follows: 55% wolframite concentrates at 780,000 yuan/standard tonne (65%WO3 basis), down 145,000 yuan/standard tonne (65%WO3 basis) from the first half of April; 55% scheelite concentrates at 779,000 yuan/standard tonne (65%WO3 basis), down 145,000 yuan/standard tonne (65%WO3 basis) from the first half of April; APT at 1.2 million yuan/mt, down 200,000 yuan/mt from the first half of the month. Note: The above prices are inclusive of 13% VAT.