Monthly Zirconium Market Report May 2024

Contents

1 Market Highlights 3
2 Economy and Policy 3
2.1 China begins second batch of third round of central environmental inspections 3
2.2 Shanxi implements new regulations for mineral resources management 3
3 Market Movement 3
3.1 Chinese Market Movement 3
3.1.1 Primary zircon sand 65%min EXW China 3
3.1.2 Chemical zircon sand 65%min EXW China 3
3.1.3 Australian zircon sand 66%min CIF China 3
3.1.Asian Metal Copyright89% MoM in May 2024 10 5.Asian Metal Copyright4 Zirconium silicate 64.5%min EXW China 3
3.1.5 Zirconium oxychloride 36%min EXW China 4
3.1.6 Zirconium carbonate 40%min EXW China 4
3.1.7 Zirconium carbonate 40%min, Cl 50ppm EXW China 4
3.1.Asian Metal Copyright1 Chinese zirconium sponge producers' operating rate down by 3.Asian Metal Copyright8 Fused zirconia 98.5%min EXW China 4
3.1.Asian Metal Copyright2 Shanxi implements new regulations for mineral resources management 3 3 Market Movement 3 3.Asian Metal Copyright9 Zirconium sponge Zr+Hf 99.4%min EXW China 4
3.2 International Market Movements 4
3.2.1 Australian zircon sand 66%min CIF China 4
3.2.2 South African zircon sand 66%min CIF China 5
3.2.3 South African zircon sand 65%min CIF China 5
3.2.4 Indonesian zircon sand 66%min CIF China 5
4 Company news 5
4.1 Chenguang Rare Earths to acquire heavy mineral sands projects in Tanzania 5
4.2 Liaoning Huagao to build nuclear-grade zirconium project 5
4.3 Sheffield ramps up production at Thunderbird Mineral Sands Mine 5
5 Producers Statistics 6
5.1 Producers statistics for zircon sand 6
5.1.Asian Metal Copyright57% YoY in Apr 2024 12 7 Relevant Industry News 12 7.Asian Metal Copyright1 Chinese zircon sand producers' operating rate down by 4.29% MoM in May 2024 6
5.1.Asian Metal Copyright7 Fused zirconia 98.Asian Metal Copyright2 China's zircon sand output down by 8.51% MoM in May 2024 6
5.1.Asian Metal Copyright2.Asian Metal Copyright3 Chinese zircon sand producers' stocks down by 5.08% MoM in May 2024 6
5.2 Producers statistics for zirconium silicate 7
5.2.Asian Metal Copyright3 Chinese zirconium silicate producers' stocks down by 18.Asian Metal Copyright1 Chinese zirconium silicate producers' operating rate down by 37.92% MoM in May 2024 7
5.2.Asian Metal Copyright57% YoY in Apr 2024 12 7 Relevant Industry News 12 7.Asian Metal Copyright2 China's zirconium silicate output down by 9.40% MoM in May 2024 7
5.2.Asian Metal Copyright4.Asian Metal Copyright3 Chinese zirconium silicate producers' stocks down by 18.94% MoM in May 2024 8
5.3 Producers statistics for zirconium oxychloride 8
5.3.Asian Metal Copyright1 China begins second batch of third round of central environmental inspections 3 2.Asian Metal Copyright1 Chinese zirconium oxychloride producers' operating rate down by 3.06% MoM in May 2024 8
5.3.Asian Metal Copyright12 South African zircon sand 66%min CIF China USDt 14 8.Asian Metal Copyright2 China's zirconium oxychloride output down by 3.74% MoM in May 2024 8
5.3.Asian Metal Copyright2 International Market Movements 4 3.Asian Metal Copyright3 Chinese zirconium oxychloride producers' stocks down by 3.03% MoM in May 2024 9
5.4 Producers statistics for fused zirconia 9
5.4.Asian Metal Copyright1.Asian Metal Copyright1 Chinese fused zirconia producers' operating rate down by 6.46% MoM in May 2024 9
5.4.Asian Metal Copyright1 Producers statistics for zircon sand 6 5.Asian Metal Copyright2 China's fused zirconia output down by 12.07% MoM in May 2024 9
5.4.Asian Metal Copyright3 Zirconium silicate 64.Asian Metal Copyright3 Chinese fused zirconia producers' stocks down by 46.53% MoM in May 2024 10
5.5 Producers statistics for metallurgical zirconium sponge 10
5.5.Asian Metal Copyright40% MoM in May 2024 7 5.Asian Metal Copyright1 Chinese zirconium sponge producers' operating rate down by 3.57% MoM in May 2024 10
5.5.Asian Metal Copyright7 Fused zirconia 98.Asian Metal Copyright2 China's zirconium sponge output down by 7.89% MoM in May 2024 10
5.5.3 Chinese zirconium sponge producers' stocks up unchanged MoM in May 2024 10
6. Customs statistics 11
6.1 China's zirconium ore and concentrate import volume down by 26.87% MoM in Apr 2023 11
6.2 China's zirconium oxychloride export volume up by 53.97% MoM in Apr 2024 11
6.3 China's zirconium carbonate export volume up by 38.57% YoY in Apr 2024 12
7 Relevant Industry News 12
7.1 Image's Atlas mineral sands project advance to final ministerial approval 12
7.2 Energy Fuels acquires 100% of Base Resources 13
8 Market Outlook for Next Month 13
8.1 Primary zircon sand 65%min EXW China (RMB/t) 13
8.2 Chemical zircon sand 65%min EXW China (RMB/t) 13
8.3 Zirconium silicate 64.5%min EXW China (RMB/t) 13
8.4 Zirconium oxychloride 36%min EXW China (RMB/t) 13
8.5 Zirconium carbonate 40%min EXW China (RMB/t) 13
8.6 Zirconium carbonate 40%min, Cl 50ppm EXW China (RMB/t) 13
8.7 Fused zirconia 98.5%min EXW China (RMB/t) 13
8.8 Zirconium sponge Zr+Hf 99.4%min EXW China (RMB/t) 13
8.9 Australian zircon sand 66%min CIF China (USD/t) 13
8.10 Australian zircon sand 66%min CIF China (RMB/t) 13
8.11 South African zircon sand 65%min CIF China (USD/t) 13
8.12 South African zircon sand 66%min CIF China (USD/t) 14
8.13 Indonesian zircon sand 66%min CIF China (USD/t) 14



.Asian Metal Copyright2 Energy Fuels acquires 100% of Base Resources 13 8 Market Outlook for Next Month 13 8Asian Metal Copyright