Monthly Magnesium Market Report Nov 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 Fugu's magnesium production up 38.67% YoY in Q1-Q3 3
2.1.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 5.Asian Metal Copyright2 China's Jan-Oct production of ten nonferrous metals up 4.7% 3
2.1.3 China to impose export controls on certain magnesium materials from Dec 1 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright10 Anhui Anke to build 100ktpa Al-Mg alloy bar project 6 4.Asian Metal Copyright2 Magnesium Ingot 99.95%min 3
3.1.3 Magnesium Powder 4
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 5
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 Shaanxi Weitian Tengda decreases magnesium ingot output 5
4.2 Fugu Yihe increases magnesium ingot output 6
4.3 Yulin Tianlong Magnesium resumes magnesium ingot production 6
4.4 Shenmu Moyuan Dingtai Magnesium stops magnesium ingot production for equipment maintenance 6
4.5 Jixi Tiancheng Magnesium increases magnesium ingot output 6
4.6 Fugu Jujinbang plans to resume magnesium ingot production 6
4.7 Fugu Yihe increases magnesium ingot output 6
4.8 Xinjiang Meite to build magnesium alloy and ferroalloy project 6
4.9 Fugu Jujinbang postpones magnesium ingot production 6
4.10 Anhui Anke to build 100ktpa Al-Mg alloy bar project 6
4.11 Boao Magnesium receives state funding for Mg-Al alloy project 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright4 China's magnesium scrap export volume rose 128.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 1.94% MoM in Nov 6
5.1.Asian Metal Copyright4 Shenmu Moyuan Dingtai Magnesium stops magnesium ingot production for equipment maintenance 6 4.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 1.93% MoM in Nov 7
5.1.Asian Metal Copyright12% MoM in Oct 2024 10 6.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks up by 12.84% MoM in Nov 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright1 Chinese Magnesium Ingot Export Market 4 3.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 0.19% MoM in Nov 7
5.2.Asian Metal Copyright2 Chinese Export Market 4 3.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 0.18% MoM in Nov 8
5.2.Asian Metal Copyright Producers Statistics 6 5.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 5.88% MoM in Nov 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright2 China's Jan-Oct production of ten nonferrous metals up 4.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 9.24% MoM in Nov 8
5.3.Asian Metal Copyright18% MoM in Nov 8 5.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 9.25% MoM in Nov 9
5.3.3 Chinese magnesium powder producers' stocks unchanged MoM in Nov 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume rose 33.33% YoY in Oct 2024 9
6.2 China's magnesium powder and granule export volume increased 48.12% MoM in Oct 2024 10
6.3 China's unwrought magnesium alloy export volume increased 21.69% YoY in Oct 2024 10
6.4 China's magnesium scrap export volume rose 128.78% YoY in Oct 2024 11









.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 1Asian Metal Copyright