China Exports 18.77 kt of Mg in April
24/05/24 | Magnesium
Shanghai Nonferrous Metals News SMM: China exported 18.77 kt of magnesium in April 2024, down by 38.1% m-o-m, led by delayed deliveries from traders and weaker overseas demand during the month. Some traders failed to deliver previous orders when magnesium prices soared rapidly in April.
Jinchuan Mg in Fugu Suspends Operation
24/05/24 | Magnesium
Asian Metal News Fugu Jinchuan suspended magnesium smelting on 21st May to carry out some pipe work and is set to resume in late May, ramping up operations to 80 t per day afterwards. Designed with 25 ktpy capacity, the company produced 800 t of magnesium in April and expects…
Shaanxi Zhongxin Resumes Mg Production
19/04/24 | Magnesium
Asian Metal News Shaanxi Zhongxin suspended magnesium smelting on 26th March 2024 to carry out maintenance on semi-coke making and desulfurizing equipment. The company is set to resume operations on 21st April after the maintenance is complete and expects daily production at around 30 t with the possibility of ramping…
Two Shenmu Mg Smelters Cut Production
22/03/24 | Magnesium
Asian Metal News Shenmu Moyuan Dingtai magnesium smelter plans to cut magnesium production by 70% decreasing its daily production to 15 t in late March. The company expects 1.3 kt of magnesium production in March and 450 t in April. Shenmu Xinqing magnesium smelter cut its daily magnesium production from…
CITIC Securities: Global Mg Demand to Rise to 2.3 mln t in 2030
28/02/24 | Magnesium
Shanghai Nonferrous Metals News The trend of automobile light weighting is expected to result in continued growth of magnesium applications for vehicles. The outlook for magnesium building templates and magnesium-based hydrogen storage is also promising. The current price ratio of magnesium to aluminium has dropped to around 1.1, good for…
Domestic Mg Prices Continue to Slide
26/02/24 | Magnesium
Asian Metal News Domestic magnesium prices have been hovering at low levels recently and were down by RMB 300/t early last week. As of last Friday, mainstream magnesium prices stood at RMB 19,600~20,000/t ex-works in cash, continuing the downward trend. Industry commentators forecast prices to remain stable at low levels…
Domestic Mg Prices at RMB 20,000~20,300/t Last Week
05/02/24 | Magnesium
Asian Metal News Mainstream magnesium prices stood between RMB 20,000~20,300/t ex-works in cash as of 5th February 2024, continuing stable w-o-w. In view of logistics slowing and aims to increase liquidity ahead of the CNY holiday, some smelters concluded pre-sales with delivery dates scheduled after the holiday. A spokesperson for…
Fugu Shengxin Suspends Mg Production
02/02/24 | Magnesium
Asian Metal News Fugu Shengxin magnesium smelter produced 1 kt of magnesium in January 2024, up by 300 t m-o-m. The company suspended magnesium production on 20th January 2024 due to interrupted semi-coke gas supply amid high costs as well as depressed magnesium prices. A company spokesperson said, “We have…
Yulin Shaanxi: 469.7 kt of Primary Mg Production in 2023
02/02/24 | Magnesium
Asian Metal News Yulin, Shaanxi produced 606 mln t of coal, 618.3 kt of primary aluminium, 469.7 kt of primary magnesium, 16.2 kt of polysilicon, 1.14 mln t of ferro alloy, 34.69 mln t of semi-coke, 1.14 mln t of caustic soda and 2.28 mln t of calcium carbide in…
