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 metal ingot is becoming increasingly pivotal in various industries due to their unique properties and wide-ranging applications. As the lightest structural metal available, magnesium’s combination of strength, lightweight, and versatility makes it invaluable in sectors ranging from automotive to aerospace, electronics, and beyond. The density of Magnesium (Mg) is about two-thirds of aluminum, making
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