In recent period, domestic magnesium metal hold steady. Given comparatively unchanged raw material cost and rising demand expectation, participants believe that the likehood of the rising price after National holiday is great.
According to related statistics in China, raw magnesium output reached 80.7 thousand tons in August with increasing by 1.13% m-o-m. Compared with the same period of last year,
Several presenters pointed to new markets opening up for magnesium metal usage in lightweight die casting for EVs, battery housing and, further down the line, in the batteries themselves.