Monthly Magnesium Market Report Aug 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright1.Asian Metal Copyright1 China's Jan-Jul production of ten nonferrous metals up by 7.3% YoY 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright3% YoY 3 3.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 Fugu Taida Coalification plans to stop magnesium ingot production for equipment maintenance 5
4.2 Mingmei Technology inks deals for wrought magnesium alloy project in Chaohu 5
4.3 Oriental Xinyuan to acquire controlling stake in Mg-Al alloy die-casting firm 6
4.4 Kongtian New Materials produces first roll of HR magnesium alloy coil 6
4.5 Mingmei Technology inks deals for wrought magnesium alloy project in Chaohu 6
4.6 Yulin Tianlong Magnesium to stop magnesium ingot for equipment maintenance 6
4.7 Sinyuan ZM to raise fund for magnesium alloy die-casting components project 6
4.8 Jixi Tiancheng decreases magnesium ingot production 6
4.9 Fugu Taida resumes magnesium ingot production 6
4.10 Shenmu Sihai resumes magnesium ingot production 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright2.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 1.38% MoM in Aug 6
5.1.Asian Metal Copyright91% MoM in Jul 2024 9 6.Asian Metal Copyright2 Chinese magnesium ingot producers' output down by 2.00% MoM in Aug 7
5.1.Asian Metal Copyright1 Economy and Policy 3 2.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks up by 12.66% MoM in Aug 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 3.33% MoM in Aug 7
5.2.Asian Metal Copyright75% MoM in Aug 9 6.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 3.33% MoM in Aug 8
5.2.Asian Metal Copyright1 China's unwrought magnesium export volume fell 13.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 4.20% MoM in Aug 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 4.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate up by 3.34% MoM in Aug 8
5.3.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 3.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 3.35% MoM in Aug 8
5.3.Asian Metal Copyright33% MoM in Aug 8 5.Asian Metal Copyright3 Chinese magnesium powder producers' stocks up by 18.75% MoM in Aug 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume fell 13.91% MoM in Jul 2024 9
6.2 China's magnesium powder and granule export volume decreased 16.97% YoY in Jul 2024 10
6.3 China's unwrought magnesium alloy export volume decreased 14.98% YoY in Jul 2024 10
6.4 China's magnesium scrap export volume fell 22.94% YoY in Jul 2024 11
7. Relevant Industry News 11
7.1 Yulin's Jan-Jul magnesium metal production up 24% YoY 11










.Asian Metal Copyright1 Magnesium Ingot in Port India 5 3Asian Metal Copyright