Monthly Magnesium Market Report May 2024

Contents
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.Asian Metal Copyright23% YoY in Apr 2024 9 6.Asian Metal Copyright1 China's ten nonferrous metals production up by 7.1% YoY in 2023 3
2.1.Asian Metal Copyright87% MoM in May 7 5.Asian Metal Copyright2 China's Jan-Apr 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 Copyright1 Magnesium Ingot 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 Heneken runs magnesium alloy production in Canada 5
4.2 Nanjing Meirui to start magnesium alloy production 5
4.3 Shaanxi Dongxinyuan Chemical plans to resume magnesium ingot production 5
4.4 Kairuite reduces magnesium powder output 6
4.5 Shenmu Dongfeng Magnesium to increase magnesium alloy output 6
4.6 Xinjiang Jiaxin to build 100ktpa magnesium materials project 6
4.6 Jiangsu Runze to build Al-Mg alloy project in Wuzhou 6
4.7 Wuchan Zhongda Qixin Alloy stops magnesium ingot production 6
4.8 Fugu Jinchuan Magnesium stops magnesium ingot production 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 8.87% MoM in May 6
5.1.Asian Metal Copyright2 China's unwrought magnesium alloy export volume decreased 21.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 8.87% MoM in May 7
5.1.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 6.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 4.04% MoM in May 7
5.2 Magnesium Alloy 7
5.2.Asian Metal CopyrightContents 1.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 3.28% MoM in May 7
5.2.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 8.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 3.28% MoM in May 8
5.2.Asian Metal Copyright3 Shaanxi Dongxinyuan Chemical plans to resume magnesium ingot production 5 4.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 6.92% MoM in May 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright1 Heneken runs magnesium alloy production in Canada 5 4.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate up by 1.87% MoM in May 8
5.3.Asian Metal Copyright3.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 1.87% MoM in May 9
5.3.3 Chinese magnesium powder producers' stocks unchanged MoM in May 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume rose 43.23% YoY in Apr 2024 9
6.2 China's unwrought magnesium alloy export volume decreased 21.71% MoM in Apr 2024 10
6.3 China's magnesium powder and granule export volume rose 97.02% MoM in Mar 2024 11
6.4 China's magnesium scrap export volume fell 19.06% YoY in Apr 2024 11
7. Relevant Industry News 12
7.1 5ktpa Al-Mg alloy wire project to break ground in Longli 12
7.2 Fugu's annual magnesium production down by 23.3% 12




.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 3Asian Metal Copyright