Monthly Magnesium Market Report Jul 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright93% YoY in Jun 2024 11 7.Asian Metal Copyright1 China's H1 production of ten nonferrous metals up by 7.1% YoY 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright3.Asian Metal Copyright2 Magnesium Ingot 99.95%min 3
3.1.3 Magnesium Powder 3
3.1.4 Magnesium Alloy 4
3.2 Chinese Export Market 4
3.2.1 Chinese Magnesium Ingot Export Market 4
3.2.2 Magnesium Ingot in Warehouse Rotterdam 4
3.2.3 Magnesium Powder 4
3.2.4 Magnesium Alloy 5
3.3 International Market 5
3.3.1 Magnesium Ingot in Port India 5
3.3.2 Magnesium Ingot in Warehouse Russia 5
4. Company News 5
4.1 Yulin Coal Technology stops magnesium ingot production 5
4.2 Heneken to build magnesium ingot plant in Canada 5
4.3 Boao Magnesium's Wansheng Mg-Al alloy production base put into operation 5
4.4 Jixi Tiancheng Magnesium resumes magnesium ingot production 6
4.5 Shanxi ESM Licheng Plant to stop magnesium powder production 6
4.6 Fugu Yufeng plans to resume magnesium ingot production 6
4.7 Fugu Jinchuan Hongtai plans to resume magnesium ingot production 6
4.8 Fugu Huashun plans to stop magnesium ingot production for equipment maintenance 6
4.9 Shaanxi Sanxin to stop magnesium ingot production for equipment maintenance 6
4.10 Shenmu Hengrun plans to stop magnesium ingot production for equipment maintenance 6
4.11 Fugu's Jan-May magnesium production rises 9.9% YoY 6
4.12 Shaanxi Sanxin Second Plant stops small magnesium ingot production 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright2 China's unwrought magnesium alloy export volume grew 22.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 6.06% MoM in July 6
5.1.Asian Metal Copyright3 Magnesium Powder 3 3.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 5.54% MoM in July 7
5.1.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 11.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 5.90% MoM in July 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 12.56% MoM in July 7
5.2.Asian Metal Copyright2 Magnesium Ingot in Warehouse Russia 5 4.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 12.57% MoM in July 8
5.2.Asian Metal Copyright1.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 26.59% MoM in July 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright3 Boao Magnesium's Wansheng Mg-Al alloy production base put into operation 5 4.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 3.09% MoM in July 8
5.3.Asian Metal Copyright1 Chinese Magnesium Ingot Export Market 4 3.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 3.12% MoM in July 9
5.3.Asian Metal Copyright1 China's H1 production of ten nonferrous metals up by 7.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 11.11% MoM in July 9
6. Export Statistics 9
6.1 China's unwrought magnesium ingot export volume grew 8.29% MoM in Jun 2024 9
6.2 China's unwrought magnesium alloy export volume grew 22.41% MoM in Jun 2024 9
6.3 China's magnesium powder and granule export volume increased 23.65% YoY in Jun 2024 10
6.4 China's magnesium scrap export volume grew 125.93% YoY in Jun 2024 11
7. Relevant Industry News 11
7.1 Fugu's Jan-May magnesium production rises 9.9% YoY 11
7.2 China's annual recycling of recyclable resources up by 1.5% YoY 12







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