Asian Metal News
Domestic magnesium prices have been on the rise since last Friday, lifting by RMB1,500/t to the current level of RMB39,000~40,000/t. The improvement is led by increasing new orders after the announcement of the one-month environmental audits in Shaanxi.
As most local Shaanxi magnesium smelters are declining spot sales and setting a presale period after mid-December, industry insiders project domestic magnesium prices will edge up slightly next week.
