Shanghai Nonferrous Metals News

Buoyed by increasing new order prices, mainstream magnesium quotations at Fugu Shanxi climbed by RMB300/t from last Friday to RMB20,500/t, but no transactions were concluded.

Rising coal and FeSi prices have propped magnesium production costs recently. Meanwhile, holding limited stocks, domestic magnesium smelters intend to hold firm on prices.

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