China’s non-ferrous metal output rose by 4 per cent in 2009 to hit 26.05 million tonnes, according to figures from the China Nonferrous Metals Industry Association.
Refined copper output was 4.11 million tons while virgin aluminium production stood at 12.85 million tons; in addition there was output of 3.71 million tons for lead, 4.36 million tons of zinc, 164,800 tons of nickel, 134,500 tons of tin, 165,800 tons of antimony, 500,800 tons of magnesium and 61,500 tons of titanium sponge.
However, the trade in non-ferrous metals fell in 2009 as a result of the crash in global commodities prices. Trade stood at US$83.2 billion, down 11.27% year on year.
Between them, ten regions of China, including Henan Province, Inner Mongolia Autonomous Region and Anhui Province, each produced more than one million tonnes of non-ferrous metals. Total output for these ten regions amounted to 18.78 million tonnes, 72.1% of the national total. Zhejiang Province plans to have five nonferrous metal producers with annual sales revenue exceeding RMB 10 billion each in the next three years.
Showing posts with label magnesium. Show all posts
Showing posts with label magnesium. Show all posts
Thursday, February 25, 2010
Sunday, November 29, 2009
South Korea To Invest In Rare Metals
Reuters reports that South Korea will invest KRW 300 billion to develop technologies and raise self sufficiency rates of rare metals such as lithium and magnesium by 2018.
The statement said that in the private sector, POSCO will invest KRW trillion in 5 sectors including rare metals, non ferrous metals, carbon materials, future new materials and recycling through 2018. LS Nikko will spend KRW 500 billion in expanding production of rare metals by 2020. Local demand on rare metals has been rising sharply along with the growth of future advanced businesses including LCD and hybrid cars.
It said that "Through the investment the government aims to raise the self sufficiency rates of rare metals from current 12% to 80% by 2018."
South Korea SK Energy said that in October it would supply lithium ion batteries for a hybrid electric vehicle project for Daimler unit Mitsubishi Fuso, joining the competition with early movers in the sector including LG Chem and Samsung SDI.
The statement said that as part of the investment POSCO will set up a magnesium refining plant to produce 10,000 tonnes per year from 2011 and 100,000 tonnes from 2014 in an eastern province of Kangwon, which accounts for 40% of magnesium ingots buried in the country, to reduce imports of magnesium ingots.
Source: Steel Guru
The statement said that in the private sector, POSCO will invest KRW trillion in 5 sectors including rare metals, non ferrous metals, carbon materials, future new materials and recycling through 2018. LS Nikko will spend KRW 500 billion in expanding production of rare metals by 2020. Local demand on rare metals has been rising sharply along with the growth of future advanced businesses including LCD and hybrid cars.
It said that "Through the investment the government aims to raise the self sufficiency rates of rare metals from current 12% to 80% by 2018."
South Korea SK Energy said that in October it would supply lithium ion batteries for a hybrid electric vehicle project for Daimler unit Mitsubishi Fuso, joining the competition with early movers in the sector including LG Chem and Samsung SDI.
The statement said that as part of the investment POSCO will set up a magnesium refining plant to produce 10,000 tonnes per year from 2011 and 100,000 tonnes from 2014 in an eastern province of Kangwon, which accounts for 40% of magnesium ingots buried in the country, to reduce imports of magnesium ingots.
Source: Steel Guru
Monday, November 23, 2009
POSCO To Build Magnesium Refining Plant
POSCO said yesterday it is likely to build a "magnesium refining plant" in Gangwon Province.
"It is almost certain that we will sign an MOU with Gangwon Province to build a magnesium refining plant," said Kim Dong-wan, a POSCO spokesman.
The world's fourth-largest steelmaker has a magnesium sheet manufacturing plant in Suncheon, South Jeolla Province, supplying small magnesium parts for makers of handsets, notebooks and MP3 players.
POSCO also plans to make magnesium sheets for lighter bicycles in the Suncheon plant.
POSCO and Gangwon Province are now in talks to decide on the amount of the investment, he said.
The steelmaker's move comes as the company has been aggressively widening its revenue streams in the materials business to seek new growth engines.
"POSCO's steel output is now 33 million tons a year, but it is expected to stop expanding the capacity when the figure reaches 40 million. POSCO is already turning its eyes to other businesses in the local market," said Choi Moon-sun, an analyst with Korea Investment & Securities.
"I think POSCO will tap the bicycle business very aggressively with magnesium products," he said.
POSCO recently agreed with Kazakhstan's UKTMP to jointly establish a titanium slab manufacturing firm to produce titanium in Ust-Kamenogorsk, eastern Kazakhstan.
If the titanium slabs are shipped to POSCO in Korea to make titanium coil, Korea will become the world's fourth country to produce titanium-based coil after Japan, Russia and the United States, the steelmaker said.
On Sept. 1, POSCO established the ferromanganese manufacturing company POS-HiMetal to enter the ferromanganese manufacturing business.
The company plans to start the construction of a plant in April next year and complete the construction in September 2011, to produce 75,000 tons of highly pure ferromanganese a year, POSCO said.
Source: Korea Herald
"It is almost certain that we will sign an MOU with Gangwon Province to build a magnesium refining plant," said Kim Dong-wan, a POSCO spokesman.
The world's fourth-largest steelmaker has a magnesium sheet manufacturing plant in Suncheon, South Jeolla Province, supplying small magnesium parts for makers of handsets, notebooks and MP3 players.
POSCO also plans to make magnesium sheets for lighter bicycles in the Suncheon plant.
POSCO and Gangwon Province are now in talks to decide on the amount of the investment, he said.
The steelmaker's move comes as the company has been aggressively widening its revenue streams in the materials business to seek new growth engines.
"POSCO's steel output is now 33 million tons a year, but it is expected to stop expanding the capacity when the figure reaches 40 million. POSCO is already turning its eyes to other businesses in the local market," said Choi Moon-sun, an analyst with Korea Investment & Securities.
"I think POSCO will tap the bicycle business very aggressively with magnesium products," he said.
POSCO recently agreed with Kazakhstan's UKTMP to jointly establish a titanium slab manufacturing firm to produce titanium in Ust-Kamenogorsk, eastern Kazakhstan.
If the titanium slabs are shipped to POSCO in Korea to make titanium coil, Korea will become the world's fourth country to produce titanium-based coil after Japan, Russia and the United States, the steelmaker said.
On Sept. 1, POSCO established the ferromanganese manufacturing company POS-HiMetal to enter the ferromanganese manufacturing business.
The company plans to start the construction of a plant in April next year and complete the construction in September 2011, to produce 75,000 tons of highly pure ferromanganese a year, POSCO said.
Source: Korea Herald
Friday, March 13, 2009
Allegheny Banking On US Magnesium
The general manager of Allegheny Technologies new $460 million titanium plant at Rowley said yesterday his company is on track for a third-quarter opening this year, will continue ramping up production through 2010, and is banking on a relationship with US Magnesium to make the operation profitable.
Steve Knight has 28 years experience in the aluminum industry and comes to Rowley from Whitefish, Mont., where he managed an aluminum plant for 11 years. He’ll oversee an operation that will combine magnesium from nearby US Magnesium with titanium tetrachloride to form titanium — for use in various industries — and magnesium chloride, which will be returned to US Magnesium for producing more magnesium.
White said that process makes the relationship between the two companies highly symbiotic.
“We would not have located in Tooele County, Utah, if it wasn’t for the presence of US Magnesium,” said Knight, while speaking at a Tooele Chamber of Commerce luncheon on Wednesday. “If something should happen to them we would remain viable, but our profitability would be in question.”
The relationship between the companies is also expected to help the demand side of US Magnesium’s business, which has been hard hit during the recession, resulting in the layoff of 54 workers last month.
“ATI will be a substantial customer for US Magnesium,” said Tom Tripp, technical services manager for the Rowley-based magnesium producer. “Our major market right now is the aluminum industry and automobile manufacturers. But we do have a long-term agreement with ATI and when they start production it will be very beneficial to us.”
At full capacity, the Allegheny plant is expected to produce 24 million pounds of titanium per year. However, the plant, which Knight said was entirely paid for through company cash flow, was designed to be expandable to produce another 18 million pounds of titanium per year.
The centerpiece of the multi-building complex is a massive 230,000-square-foot processing facility. Construction of the exterior of all the buildings is nearly complete machinery is being moved in, Knight said.
The company has also completed two phases of a four-phase staffing plan. At this time, there are about 12 full-time people onboard, including plant management and engineering staff, according to Knight. Phase 3 will be completed before the plant starts up, and will involve a small group of key employees that will train on the equipment and start initial production. The last phase for staffing will bring on additional operators and staff as the plant picks up production sometime in 2010.
Final staffing is expected to be around 150 people, according to Knight.
Knight described the titanium production process as being fairly clean.
“The only byproduct is the magnesium chloride, and that will go back to US Magnesium,” Knight said. “There are very few emissions.”
The plant will use water to clean machinery and will have a treatment facility to clean that wastewater. The plant will also have a water treatment plant to clean the brackish well water found on site to make it potable.
ATI has spent $10 million in rail upgrades, as the titanium tetrachloride will come to the plant from Tennessee in rail cars.
The final product of the plant, premium-grade titanium sponge, will be shipped out by truck to other ATI facilities in Oregon, Washington, and North Carolina, where it will be converted into titanium or used in production for components for the aerospace, defense, medical, or energy industries.
Source: Tooele Transcripts
Steve Knight has 28 years experience in the aluminum industry and comes to Rowley from Whitefish, Mont., where he managed an aluminum plant for 11 years. He’ll oversee an operation that will combine magnesium from nearby US Magnesium with titanium tetrachloride to form titanium — for use in various industries — and magnesium chloride, which will be returned to US Magnesium for producing more magnesium.
White said that process makes the relationship between the two companies highly symbiotic.
“We would not have located in Tooele County, Utah, if it wasn’t for the presence of US Magnesium,” said Knight, while speaking at a Tooele Chamber of Commerce luncheon on Wednesday. “If something should happen to them we would remain viable, but our profitability would be in question.”
The relationship between the companies is also expected to help the demand side of US Magnesium’s business, which has been hard hit during the recession, resulting in the layoff of 54 workers last month.
“ATI will be a substantial customer for US Magnesium,” said Tom Tripp, technical services manager for the Rowley-based magnesium producer. “Our major market right now is the aluminum industry and automobile manufacturers. But we do have a long-term agreement with ATI and when they start production it will be very beneficial to us.”
At full capacity, the Allegheny plant is expected to produce 24 million pounds of titanium per year. However, the plant, which Knight said was entirely paid for through company cash flow, was designed to be expandable to produce another 18 million pounds of titanium per year.
The centerpiece of the multi-building complex is a massive 230,000-square-foot processing facility. Construction of the exterior of all the buildings is nearly complete machinery is being moved in, Knight said.
The company has also completed two phases of a four-phase staffing plan. At this time, there are about 12 full-time people onboard, including plant management and engineering staff, according to Knight. Phase 3 will be completed before the plant starts up, and will involve a small group of key employees that will train on the equipment and start initial production. The last phase for staffing will bring on additional operators and staff as the plant picks up production sometime in 2010.
Final staffing is expected to be around 150 people, according to Knight.
Knight described the titanium production process as being fairly clean.
“The only byproduct is the magnesium chloride, and that will go back to US Magnesium,” Knight said. “There are very few emissions.”
The plant will use water to clean machinery and will have a treatment facility to clean that wastewater. The plant will also have a water treatment plant to clean the brackish well water found on site to make it potable.
ATI has spent $10 million in rail upgrades, as the titanium tetrachloride will come to the plant from Tennessee in rail cars.
The final product of the plant, premium-grade titanium sponge, will be shipped out by truck to other ATI facilities in Oregon, Washington, and North Carolina, where it will be converted into titanium or used in production for components for the aerospace, defense, medical, or energy industries.
Source: Tooele Transcripts
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