China Nonferrous Metals News
CNIA: China produced 763.9 kt of primary magnesium during the first 11 months of 2019, up 11.16% y-o-y. China’s annual domestic primary magnesium output is expected to be 927.7 kt, with domestic consumption of 472.3 kt and exports of 446.5 kt, accounting for 50.91% and 48.13% of the total output respectively.
Domestic magnesium prices averaged RMB15,949/t in 2019, down 3.27% y-o-y as a result of increased supply, unplanned capacity resumptions and exchange rate fluctuations during the year.
