Recent Developments and Market Movements in the Non-Ferrous Metals Sector (February 2024)

On February 21st, the non-ferrous metals sector of Hong Kong stocks rose sharply in the late trading session.

In the afternoon of February 21st, the non-ferrous metals sector of Hong Kong stocks continued to rise sharply in the late trading session. China Manganese Industry soared by more than 40%, China Aluminum International soared by more than 35%, Zhaojin Mining Industry Co., Ltd. increased by more than 5%, and Ganfeng Lithium Co., Ltd., Tianqi Lithium Corporation, Shandong Gold Mining Co., Ltd., and Aluminum Corporation of China Limited increased by more than 3%.

On February 21st, a nickel pig iron plant in Indonesia plans to suspend production for maintenance.

According to Mysteel, a nickel pig iron plant in Indonesia's Phase III plans to suspend production for maintenance due to a shortage of nickel ore and changes in management.

On February 20th, Zhejiang Yili Metal Materials Co., Ltd. obtained a patent.

According to Financial World on February 20th, Zhejiang Yili Metal Materials Co., Ltd. obtained a patent for "A Vacuum Titanium Plating Device for Stainless Steel Plates", which can improve the use effect of titanium plating on stainless steel plates.

On February 20th, Jiugang Changhong conducted a tender for reduced ilmenite.

According to Asian Metal News, on February 20th, Jiugang Changhong carried out a tender for reduced ilmenite.

On February 19th, Pangang Group Shenyang Titanium Metal New Materials Co., Ltd. obtained a patent.

According to Financial World on February 19th, Pangang Group Shenyang Titanium Metal New Materials Co., Ltd. obtained a patent for "A Clamping Device for Multi-piece Grinding of Disc Shear Blades on a Roller Grinder", which can save grinding time and improve the grinding efficiency.

On February 19th, Shaanxi Zhicheng Titanium Industry Co., Ltd. obtained a patent.

According to Financial World on February 19th, Shaanxi Zhicheng Titanium Industry Co., Ltd. obtained a patent for "A Cutting Device for Titanium Alloy Plate Production", which can significantly improve the precision during cutting.

On February 18th, the titanium dioxide project of Xinjiang Dongjia started.

According to Asian Metal News, on February 18th, the titanium dioxide project of Xinjiang Dongjia started.

On February 17th, India imposed an anti-dumping duty on titanium dioxide from China.

According to Asian Metal News, on February 17th, India imposed an anti-dumping duty on titanium dioxide imported from China.

On February 12th, CNNC Titanium White Co., Ltd. signed a cooperation agreement with Nippon Paint (China) Investment Co., Ltd.

According to Asian Metal News, on February 12th, CNNC Titanium White Co., Ltd. signed a titanium dioxide cooperation agreement with Nippon Paint (China) Investment Co., Ltd.

On February 11th, Largo Resources Ltd. in Canada announced its performance.

According to Asian Metal News, on February 11th, Largo Resources Ltd. in Canada announced its operation and sales performance for the fourth quarter and the whole year of 2024.