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…
Domestic Mg Prices Rebound Slightly
17/01/24 | Magnesium
Asian Metal News Mainstream magnesium prices increased by RMB 150/t from last Friday to RMB20,200~20,500/t on Tuesday 16th, boosted by increased restocking activities prior to the Chinese New Year holiday which starts from 9thFebruary 2024. A magnesium consumer in northern China bought 62 t of magnesium at RMB 20,050/t last…
Xintian Mg Resumes Operations
25/12/23 | Magnesium
Shanxi Xintian News Xintian Magnesium resumed operations on 25th December 2023. The company is currently producing 80 kt of magnesium and 100 t of FeSi (75% grade) daily, aiming to ramp up magnesium production to 150 t per day. It currently holds 300 t of magnesium in stock. Xintian Magnesium…
Domestic Mg Prices at Low Levels
08/12/23 | Magnesium
China Nonferrous Metals News As of last Friday, mainstream magnesium prices were being quoted at RMB 20,600/t ex-works with taxes by cash in Fugu Shaanxi, with mainstream transaction prices between RMB 20,500~20,600/t, down slightly w-o-w. Prices in other producing regions followed the downward trend. Domestic magnesium prices have been hovering…
Two Fugu Mg Smelters Resume Operations
17/11/23 | Magnesium
Asian Metal News Fugu Jinwantong magnesium smelter powered up two sets of 150 ktpy semi-coke furnaces on 17th November and is set to resume production on 25th November with daily production expected at 80 t. The company intends to produce 600 t of magnesium in November and will restart three…