Monthly Magnesium Market Report Dec 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 China to impose export controls on certain magnesium materials from Dec 1 3
2.1.2 China updates catalogue of encouraged industries in western region 3
2.1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 6.Asian Metal Copyright3 China's Jan-Nov production of ten nonferrous metals up 4.4% 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright2.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 5
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 6
4.1 Shenmu Dongfeng plans to stops magnesium alloy production 6
4.2 Shanxi Bada Magnesium stops magnesium alloy production 6
4.3 Wuchan Zhongda Qixin Alloy decreases magnesium ingot output 6
4.4 Newport Metals moves up magnesium anode sales volume 6
4.5 Shenmu Sihai Coal stops magnesium ingot production 6
4.6 Shanxi Zhenxin Magnesium stops magnesium ingot production 6
4.7 Jixi Tiancheng Magnesium intends to increase magnesium ingot output 6
4.8 Shanxi Bada Magnesium resumes magnesium alloy production 6
4.9 Baowu and ESTUN present jointly-developed magnesium alloy robot 7
4.10 Victory Precision announces private placement for magnesium alloy products project 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 6.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 6.70% MoM in Dec 7
5.1.Asian Metal Copyright3 Magnesium Powder 4 3.Asian Metal Copyright2 Chinese magnesium ingot producers' output down by 6.37% MoM in Dec 7
5.1.Asian Metal Copyright3 Magnesium Powder 9 5.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 37.86% MoM in Dec 7
5.2 Magnesium Alloy 8
5.2.Asian Metal Copyright37% MoM in Dec 7 5.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 0.76% MoM in Dec 8
5.2.Asian Metal Copyright2.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 0.76% MoM in Dec 8
5.2.Asian Metal Copyright67% MoM in Nov 2024 10 6.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks down by 26.02% MoM in Dec 8
5.3 Magnesium Powder 9
5.3.Asian Metal Copyright37% MoM in Dec 7 5.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate up by 11.54% MoM in Dec 9
5.3.Asian Metal Copyright Economy and Policy 3 2.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 11.54% MoM in Dec 9
5.3.3 Chinese magnesium powder producers' stocks down by 10% MoM in Dec 9
6. Export Statistics 9
6.1 China's magnesium powder and granule export volume grew 20.88% YoY in Nov 2024 9
6.2 China's unwrought magnesium alloy export volume fell 32.67% MoM in Nov 2024 10
6.3 China's magnesium scrap export volume rose 401.46% YoY in Nov 2024 11







.Asian Metal Copyright2 Magnesium Ingot in Warehouse Rotterdam 5 3Asian Metal Copyright