Monthly Magnesium Market Report Jan 2025

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 Copyright3 International Market 5 3.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 Copyright1 Chinese magnesium powder producers' operating rate down by 0.Asian Metal Copyright2 Magnesium Ingot 99.95%min 4
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 Anhui Baomei completes steel structure construction for dolomite transport project 6
4.2 Wutai pushes forward with magnesium materials projects 6
4.3 Fugu Yabo Carbon Magnesium Electric decreases magnesium ingot output 6
4.4 Victory Precision announces private placement for magnesium alloy products project 6
4.5 Fugu Jinwantong Third Plant stops magnesium ingot production 6
4.6 Zhengneng Group to build 300ktpa magnesium light alloy project 6
4.7 SYMIC signs two magnesium materials R&D projects 6
4.8 Liaoning approves provincial manufacturing innovation center for magnesium industry 6
4.9 Xunhui Electric Appliance to build precision automotive parts project 6
4.10 China sees major progress in latest round of mineral exploration 7
4.11 BOLE delivers 4000T semi-solid magnesium alloy injection molding machine 7
4.12 China's foreign trade up 5% YoY in 2024 7
4.13 Anhui to build automotive lightweight magnesium material industrial clusters 7
4.14 World's first SSM magnesium alloy wheel debuts in Chongqing 7
4.15 World's biggest magnesium hydride production line comes on stream in Yulin 7
4.16 Jiangxi Minglida's new industrial park inaugurated 8
5. Producers Statistics 8
5.1 Magnesium Ingot 8
5.1.Asian Metal Copyright3 China's Jan-Nov production of ten nonferrous metals up 4.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 4.77% MoM in Jan 8
5.1.Asian Metal Copyright3 Magnesium Powder 5 3.Asian Metal Copyright2 Chinese magnesium ingot producers' output down by 4.78% MoM in Jan 8
5.1.Asian Metal Copyright2 Wutai pushes forward with magnesium materials projects 6 4.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 6.33% MoM in Jan 8
5.2 Magnesium Alloy 9
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 12.53% MoM in Jan 9
5.2.Asian Metal Copyright66% MoM in Jan 9 5.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 0.76% MoM in Jan 9
5.2.Asian Metal Copyright1 China's unwrought magnesium export volume increased 19.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 16.66% MoM in Jan 9
5.3 Magnesium Powder 9
5.3.Asian Metal Copyright1 Magnesium Ingot in Port India 5 3.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 0.84% MoM in Jan 10
5.3.Asian Metal Copyright1.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 0.85% MoM in Jan 10
5.3.Asian Metal Copyright3.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 14.81% MoM in Jan 10
6. Export Statistics 10
6.1 China's unwrought magnesium export volume increased 19.72% YoY in Dec 2024 10
6.2 China's unwrought magnesium alloy export volume grew 18.04% MoM in Dec 2024 11
6.3 China's magnesium powder and granule export volume declined 15.05% MoM in Dec 2024 12







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