Xinjiang Technology officially launched its Phase II aluminium and titanium alloy production project on September 5. The project, located in Haimen District, builds on the company’s Phase I success in magnesium alloy production and represents a significant provincial industrial initiative in collaboration with China Aerospace Equipment. The total investment in the new titanium alloy project...
READ MORESince Hong Kong Exchanges and Clearing (HKEx) acquired the LME in 2012 for $2.2 billion, the exchange has aimed to open warehouses in China. Registering facilities in Hong Kong would be a key step towards this goal, as it would offer companies in the region a viable alternative to mainland storage. In a December 2023...
READ MOREChina’s aluminium industry is poised for increased output as demand remains robust and power supplies improve. However, rising costs for essential raw materials like bauxite and alumina are expected to limit producer profits, posing challenges for the country’s aluminium sector. Improved power availability, especially in Yunnan province, will support higher production levels. Analysts from Shanghai...
READ MOREChina’s shipments of antimony products saw a sharp increase in August 2024, driven by international concerns over Beijing’s upcoming export restrictions on the critical mineral. Antimony, used in various applications from fire retardants to military equipment, has become the focus of a rush in stockpiling abroad. The export restrictions, set to take effect on September...
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China’s nickel buyers, the world’s largest purchasers of the metal, have asked producers to switch to Shanghai Futures Exchange (SHFE) contracts to price their supplies next year. Who The sources, who asked to remain anonymous because they were not authorized to speak to the press, possess direct knowledge of the matter. Why it matters If...
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