Yunnan National Titanium Raises Sponge Titanium Prices by RMB 2,000/ton Domestically and USD 300/ton Overseas

[ADC12 Price Daily: Short-Term Bullish Momentum Recovers, Aluminum Alloy Drifts Higher; Spot Market Cautious in Price Adjustment amid Sluggish Transactions]Today, the SMM ADC12 price remained stable compared to the previous trading day at 24,000 yuan/mt.

[Tungsten News] SMM, July 6: Today, the domestic tungsten raw material market was mainly in the doldrums. Last Friday, a mine in Guangdong auctioned 43 standard tonnes (65% WO3 basis) of low-grade tungsten concentrates, which ultimately failed to attract any bids. Inquiries were sluggish, and with considerable market uncertainty, traders were less willing to enter the market. Smelters mainly restocked based on long-term contracts and rigid demand. Spot orders were concluded at transaction prices below the online price, with some deals done at 430,000–450,000 yuan per standard tonne (65% WO3 basis). According to the SMM survey, China’s tungsten concentrates production edged down MoM in June, mainly because safety inspections in Jiangxi and Hunan caused a slight decline in output at some mines. In addition, some small mines in Henan also reduced or suspended production due to reasons such as the exhaustion of first-half quotas. In July, with the flooding season in south China, tungsten concentrates production was expected to remain at low levels. However, amid sluggish shipments across the industry in Q2, there was still some inventory in the tungsten concentrates market waiting to be cleared. This week, attention will focus on long-term contract information in the industry and changes in downstream restocking sentiment.

[SMM Magnesium Express]Recently, the "Research and Industrialization of High-Performance Dissolvable Magnesium Alloys for Shale Gas Development" project by Shandong Huashengrong Magnesium Technology Co., Ltd. was successfully selected for the 2026 Shandong Provincial Major Scientific and Technological Innovation Project, receiving 8.57 million yuan in provincial scientific funding. Focusing on breakthroughs in key materials for oil and gas extraction, this project ranks among the highest-level scientific initiatives in Shandong Province. With continuous advancements in dissolvable magnesium alloy technology, its application prospects in energy sectors such as shale gas development are expected to expand further, while the company's independent innovation capabilities will accelerate