News

SMM March 27 News: Guangxi Yusheng Germanium Industry has issued an external announcement stating that due to significant fluctuations in the non-ferrous metal raw materials market recently, with zinc concentrate processing fees dropping sharply and the supply of germanium concentrate remaining tight, raw material costs have risen substantially, making it difficult for existing pricing to cover production costs. After careful consideration and cost accounting, the company has decided to adjust the sales prices of germanium-containing materials effective April 7 as follows: Germanium Ingot: 20,200, Germanium Dioxide: 13,580.

[Dual Momentum in the Magnesium Industry: Coordinated Empowerment of New Development Through Salt Lake Resource Security and Breakthroughs in End-Use Applications] As one of the lightest known structural metallic materials, magnesium combines outstanding properties such as light weight, high strength, and high thermal conductivity, making it a core strategic material supporting industrial upgrading in sectors such as automotive lightweighting and new energy materials. China’s magnesium industry is advancing on two fronts, simultaneously promoting breakthroughs in end-use application technologies and securing raw material supply, overcoming bottlenecks in industrial development and supporting the high-quality development of the magnesium industry.

[SMM Tungsten Express] As of March 26, European tungsten scrap market stabilized after minor declines. European scrap carbide blades at €125-135/kg, averaging €130/kg, down €5 from last week; scrap drill tips at €135/kg. Indian scrap market softened for a second week, with FOB drill tips at $140-150/kg and carbide blades at $130-140/kg, down 6.8% from last week.

[SMM Tungsten Express] As of March 26, European tungsten prices edged higher amid tight supply. SMM data shows APT CIF Rotterdam at $2,600-3,000/mtu, averaging $2,800/mtu, up $150 from last week. Ferrotungsten Rotterdam warehouse at $310-330/kg W, averaging $320/kg W, up $5 from last week. Transactions remained limited while feedstock tightness continues to support modest upward price movement.

[SMM Magnesium Weekly Review: Magnesium Market Held Up Well, With Cost Support and a Tug-of-War Between Sellers and Buyers Continuing] This week, the overall magnesium industry chain held up well, with prices of all products generally raised. The raw material dolomite market remained stable, with ample supply and steady demand. Magnesium ingot prices consolidated at highs. At the beginning of the week, supported by rising energy costs such as ferrosilicon and coke and tight spot availability, prices jumped by 300 yuan/mt. Subsequently, downstream fear of high prices emerged, transactions failed to keep pace, and prices consolidated at highs. In foreign trade, the center of magnesium ingot FOB quotes moved up to $2,440-2,470/mt. Wait-and-see sentiment outside China remained strong, but influenced by bullish expectations in China, forward orders were gradually locked in. Magnesium powder prices remained firm, with strong cost support. Export data increased YoY, while domestic trade was mainly driven by just-in-time procurement. The benchmark price of magnesium alloy held up well, but the release of new capacity led to increased supply, processing fees stayed in the doldrums, and the market showed a pattern of strong supply and weak demand. Overall, cost support remained the core driver behind magnesium prices fluctuating at highs, while downstream acceptance of high prices was limited, and the market may continue this tug-of-war in the short term.

[Tungsten Industry Long-Term Contract Information] SMM, March 25: A tungsten enterprise in Guangdong released its long-term contract prices for the second half of March. Among them, the price of wolframite concentrates with WO3 content above 55% was 1.005 million yuan/standard tonne (65%WO3 basis), and the price of scheelite concentrates with WO3 content above 55% was 1.004 million yuan/standard tonne (65%WO3 basis). Tungsten concentrate long-term contract prices were raised by 50,000 yuan/standard tonne MoM. The APT long-term contract price was 1.48 million yuan/mt, raised by 70,000 yuan/mt MoM. Note: The above prices include 13% VAT.

[Tungsten Ore Tender Update] SMM News on March 25: Due to specific factors, a tungsten concentrate tender sale originally scheduled for today by a miner in Yunnan will be postponed, and the specific bidding time has not yet been determined.

[SMM Titanium Express] LB Group issued its third TiO₂ price increase notice this month. Effective March 24, domestic prices will rise by RMB 1,000/ton and international prices by USD 150/ton. Cost pressures persist with strong market bullish sentiment.

[Molybdenum-Iron Tender Information] SMM, March 24: It is reported that on March 23, a special steel group in east China announced the tender price for a new round of ferromolybdenum procurement, with the tax-inclusive plant-delivered acceptance-settled price at 277,500 yuan/mt, down 2,000 yuan/mt from the tender price on March 18. The public tender purchase volume was 120 mt (bid volume), while the actual total purchase volume remained to be determined.

[SMM Magnesium Express] China's magnesium product exports totaled 72,700 tons in Jan-Feb 2026, up 3,400 tons year-on-year. January exports reached 40,300 tons, up 6% YoY and 4.2% MoM. February exports stood at 32,300 tons, up 3.7% YoY but down 1.96% MoM due to the Lunar New Year holiday, remaining above the same period last year. The year got off to a positive start.

[SMM Titanium Express] Asahi Kasei, Nippon Steel and Nippon Steel Trading have jointly launched a titanium recycling system for chlor-alkali electrolysis cells, processing production scrap into pure titanium feedstock for corrosion-resistant anode components. Through supply chain collaboration and digital traceability, the closed-loop system enhances resource efficiency and reduces environmental impact. The partners plan to expand cooperation to further integrate secondary raw materials into production processes.

[SMM Magnesium Express] Latrobe Magnesium successfully produced ~20 tonnes of high-grade magnesium oxide at its Victoria demonstration plant, with total magnesium compounds around 90%, paving the way for first magnesium metal production in H2 2026. The patented process uses brown coal power generation ash as feedstock, following a circular economy model. Long-term contracts with U.S. distributors are secured, with plans for a 100,000 tpa plant in Malaysia.