Since late February, the price of magnesium ingots has continued to fall. The FOB price of Mg 99.9 at Chinese ports has gradually dropped. It goes down from around 2220 USD/Ton to 2120 USD/Ton in early March. The decline has reached 100 USD per ton. This is the overall trend after the Chinese Spring Festival, […]
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Magnesium alloy production dominates global magnesium consumption, accounting for about 50%, and global consumption in 2024 is about 500,000 tons. The applications of magnesium alloys includes automobile, aircraft and robot industries. Specifically in the automotive industry, North America and Europe uses 15-18 kg of magnesium per vehicle, China uses 10 kg. It is estimated that
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Magnesium Ingot Manufacturers in China occupies an important position in the global market. According to the latest data, China’s magnesium metal production reached 933,300 tons in 2022. It accounting for 88.63% of the global total production. China is not only the world’s largest producer of magnesium metal, but also plays a key role in global
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Over the past two decades, China’s magnesium industry has rapidly risen from its nascent stage. Now it become a global leader, demonstrating strong growth momentum. From the statistics, all the Magnesium ingot manufacturer had production capacity stands at 1.3646 million tons. The output reaching 0.9333 million tons and capacity utilization rate at 68.39%. Magnesium, as
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Magnesium metal is a silver-white with low density and is relatively stable in the air. When heated, it burns with a bright white light and thick smoke. The atomic weight is 24.31, the melting point is 650.0℃, and the boiling point is 1095℃. The word magnesium comes from the Greek Magnesia (place name) where a white ore
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