Shanghai Nonferrous Metals News
Buoyed by increasing new order prices, mainstream magnesium quotations at Fugu Shanxi climbed by RMB300/t from last Friday to RMB20,500/t, but no transactions were concluded.
Rising coal and FeSi prices have propped magnesium production costs recently. Meanwhile, holding limited stocks, domestic magnesium smelters intend to hold firm on prices.
