Mengdong Germanium to stop germanium metal production permanently

BEIJING (Asian Metal) 7 Jan 21 - One major Chinese germanium metal 99.Asian Metal Copyright .Asian Metal Copyright99%min producers, Xilingol Mengdong Germanium Technology Co.Asian Metal Copyright Currently, the mainstream prices of Chinese germanium metal 99.Asian Metal Copyright, Ltd.Asian Metal Copyright Market participants predict that the prices would keep soft in the coming week due to limited deals in the spot market.Asian Metal Copyright plans to suspend germanium metal 99.Asian Metal Copyright They hold about 3t of stocks now.Asian Metal Copyright99%min production permanently, a source from the company disclosed to Asian Metal.

The source noted that, "As our germanium metal 99.99%min production business overlaps with another company under our group, and our production cost keeps high than RMB10,000/kg (USD1,549/kg), we decided to permanently stop the production.Asian Metal Copyright" The producer, based on a production capacity of 15tpy of germanium metal 99.Asian Metal Copyright We expect to produce germanium concentrate with 1% germanium metal and would begin to produce after the Spring Festival."

The producer, based on a production capacity of 15tpy of germanium metal 99.99%min, halted the production since May 2019.Asian Metal Copyright Market participants predict that the prices would keep soft in the coming week due to limited deals in the spot market.Asian Metal Copyright They hold about 3t of stocks now.

Currently, the mainstream prices of Chinese germanium metal 99.99%min hover at RMB6,900-7,300/kg (USD1,069-1,131/kg) EXW D/P, in line with early this week.Asian Metal Copyright Market participants predict that the prices would keep soft in the coming week due to limited deals in the spot market.Asian Metal Copyright Market participants predict that the prices would keep soft in the coming week due to limited deals in the spot market.



.Asian Metal Copyright99%min, halted the production since May 2019Asian Metal Copyright