Monthly Magnesium Market Report Jun 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright17% YoY in May 2024 11 6.Asian Metal Copyright1 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 Copyright4 China's magnesium scrap export volume declined 15.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 4
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 KAR MINERAL to stop magnesium ingot production for equipment maintenance 5
4.2 Aluminium Norf decreases magnesium ingot consumption volume 5
4.3 China unveils two-year plan for energy conservation and carbon reduction 5
4.4 Yulin Coal Technology resumes magnesium ingot production 5
4.5 Latrobe to starts feasibility study for Victoria magnesium plant Stage 2 5
4.6 China unveils two-year plan for energy conservation and carbon reduction 6
4.7 Shenmu Dongfeng Magnesium decreases magnesium ingot output for equipment maintenance 6
4.8 Jixi Tiancheng Magnesium stops magnesium ingot production for equipment maintenance 6
4.9 Fugu Yufeng to stop magnesium ingot production for equipment maintenance 6
4.10 Shanxi Yinguang increases magnesium alloy output 6
4.11 Xinjiang Jinsheng Magnesium to stop magnesium ingot production for equipment maintenance 6
4.12 Fugu's magnesium production up 7.2% in Jan-Apr 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 1.62% MoM in June 6
5.1.Asian Metal Copyright3 International Market 5 3.Asian Metal Copyright2 Chinese magnesium ingot producers' output down by 1.63% MoM in June 7
5.1.Asian Metal Copyright2 Chinese Export Market 4 3.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 0.053% MoM in June 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright95%min 3 3.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 0.40% MoM in June 7
5.2.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 21.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 0.36% MoM in June 8
5.2.Asian Metal Copyright93% MoM in June 9 6.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 21.76% MoM in June 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright Market Movements 3 3.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 13.49% MoM in June 8
5.3.Asian Metal Copyright2.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 13.49% MoM in June 9
5.3.Asian Metal Copyright3.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 41.93% MoM in June 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume grew 26.21% YoY in May 2024 9
6.2 China's unwrought magnesium alloy export volume decreased 17.57% MoM in May 2024 10
6.3 China's magnesium powder and granule export volume rose 12.17% YoY in May 2024 11
6.4 China's magnesium scrap export volume declined 15.17% YoY in May 2024 11
7. Relevant Industry News 12
7.1 China further strengthens administrative safety licensing for non-coal mines 12
7.2 Songsheng Machinery strikes deal for magnesium alloy components project in Qingyang 12




.Asian Metal Copyright8 Jixi Tiancheng Magnesium stops magnesium ingot production for equipment maintenance 6 4Asian Metal Copyright