China has stopped accepting applications for new mines to produce rare earth minerals until June 30, 2011, the country’s land ministry announced on Monday.
The policy is aimed at protecting resources and will help producers in price talks.
China plans to cap 2010 output of tungsten metal at 80,000 tons, antimony at 100,000 tons and rare earth at 89,200 tons, the land ministry said in a statement. It has also set targets for provinces and companies.
“The policy is aimed at protecting and effectively utilize China’s advantageous mineral resources,” the ministry said.
Showing posts with label antimony. Show all posts
Showing posts with label antimony. Show all posts
Tuesday, March 16, 2010
Tuesday, April 14, 2009
Hunan Nonferrous To Buy Metal Stocks
China's top zinc producer, Hunan Nonferrous Metals Corp Ltd plans to spend 1.2 billion yuan ($176 million) to build up metal reserves at its smelters as prices slump, the official regional paper Hunan Daily reported.
Hunan Nonferrous plans to ask banks for a loan to buy lead, zinc, tungsten, antimony and indium from its smelters, and will sell down the stockpiles when their prices recover, the newspaper said in a report carried on the website of the official Xinhua News Agency.
The Hunan Province's treasury will offer interest subsidies to help the company implement the purchases, the newspaper quoted Mei Kebao, vice secretary of Hunan's party committee, as saying.
Hunan Nonferrous Metals Corp controls China's largest zinc producer, Zhuzhou Smelter Group Ltd.
Source: Reuters
Hunan Nonferrous plans to ask banks for a loan to buy lead, zinc, tungsten, antimony and indium from its smelters, and will sell down the stockpiles when their prices recover, the newspaper said in a report carried on the website of the official Xinhua News Agency.
The Hunan Province's treasury will offer interest subsidies to help the company implement the purchases, the newspaper quoted Mei Kebao, vice secretary of Hunan's party committee, as saying.
Hunan Nonferrous Metals Corp controls China's largest zinc producer, Zhuzhou Smelter Group Ltd.
Source: Reuters
Thursday, January 22, 2009
Antimony Trioxide Prices Rising
Antimony trioxide prices have been on the rise over the past two weeks pushed by the increased price of antimony ingots. Buyers need time to adopt themselves to the great price increase, so the market is not active, thought some suppliers reportedly receive more inquiries.
A Guangdong-based trader offered USD3,700/t FOB China for antimony trioxide 99.5% min without famous brand last week to some customers from East Asia, USD200/t up from USD3,500/t FOB seen early this month, but no deals have been concluded so far.
"Our customers said that they were not ready to accept such a sharp price increase, and they would like to wait for a few weeks before making purchase," said the source.
A major Hunan-based producer plans to raise the offer of antimony trioxide from USD3,700/t FOB China last week. Other than more inquiries received in the past two weeks, another reason that they increase the offer is that their antimony trioxide smelter has been out of production for nearly two weeks. "We don't have much material in stock," said the source, adding that the smelter will resume production after the Spring Festival holiday. With the Chinese New Year approaching the source does not think the market will be active for the rest of this week.
Meanwhile, a trader from Singapore reported to have received an offer at around USD3,900/t CIF Singapore last week from a Chinese supplier for antimony trioxide 99.5%min. "The price is almost USD300/t higher than that three weeks ago,"
A Guangdong-based trader offered USD3,700/t FOB China for antimony trioxide 99.5% min without famous brand last week to some customers from East Asia, USD200/t up from USD3,500/t FOB seen early this month, but no deals have been concluded so far.
"Our customers said that they were not ready to accept such a sharp price increase, and they would like to wait for a few weeks before making purchase," said the source.
A major Hunan-based producer plans to raise the offer of antimony trioxide from USD3,700/t FOB China last week. Other than more inquiries received in the past two weeks, another reason that they increase the offer is that their antimony trioxide smelter has been out of production for nearly two weeks. "We don't have much material in stock," said the source, adding that the smelter will resume production after the Spring Festival holiday. With the Chinese New Year approaching the source does not think the market will be active for the rest of this week.
Meanwhile, a trader from Singapore reported to have received an offer at around USD3,900/t CIF Singapore last week from a Chinese supplier for antimony trioxide 99.5%min. "The price is almost USD300/t higher than that three weeks ago,"
Subscribe to:
Posts (Atom)