Global Primary Magnesium 2035: Growth, Dependence and Divergence
Inside the Two-Speed Magnesium Market: One Nation Leads, the Rest Chase.
Magnesium is entering a new era, one powered by China’s relentless innovation and reshaped by global industrial demand. The world’s Mg market is now firmly two-speed: China is charging ahead with new alloys, automotive breakthroughs, and a raft of other new, innovative applications, while the rest of the world struggles to keep pace. As China’s R&D investments unlock fresh commercial uses, prices are increasingly dictated by the economics of its dominant Pidgeon process. Meanwhile, outside China, sluggish demand, policy inertia, and the absence of unified strategy keep ROW markets lagging, But for how long?
CM’s latest magnesium report charts the decade ahead, from the next wave of automotive giga-casting applications to the rise of hydrogen storage and the long-awaited emergence of ROW greenfields projects. We unpack how shifting cost structures, environmental pressures, and critical minerals policies will reshape supply, and why structural price increases are all but inevitable.
With China set to remain the beating heart of global production, while the rest of the world races to secure independent supply, this 2025 update is the essential guide for anyone tracking the geopolitics, economics, and technology driving magnesium’s next transformation.
