Magnesium Industry Annual Report 2024
2025-02-20 14:00:19 【Print】
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Contents
1. Magnesium ingot industry overview 5
1.1 Definition 5
1.2 Type 5
1.2.1 By Grade 5
1.2.2 By Weight 5
1.3 Distribution 5
1.4 Application 6
1.4.1 By Grade 6
1.4.2 By Weight 6
2. Economy and Policy 6
2.1 Chinese Market 6
2.1.1 China's ten nonferrous metals production up by 7.1% YoY in first eleven months 6
2.1.2 Fugu's magnesium production up 38.67% YoY in Q1-Q3 6
2.1.3 China's Jan-Oct production of ten nonferrous metals up 4.7% 6
2.1.4 China to impose export controls on certain magnesium materials from Dec 1 6
2.1.5 China launches third batch of third round of central environmental inspections 6
2.2 International Market 6
2.2.1 World Bank raises China's economic growth forecast to 5.1% 7
3. Market Movements 7
3.1 Domestic Market 7
3.1.1 Magnesium ingot 99.9%min EXW China 7
3.1.2 Magnesium Alloy AZ91D EXW China 8
3.1.3 Magnesium Powder 99.9%min EXW China 10
3.2 Export Market 11
3.2.1 Magnesium Ingot 99.9%min FOB China 11
3.2.2 Magnesium Alloy AZ91D FOB China 13
3.2.3 Magnesium Powder 99.9%min FOB China 15
3.3 International Market 16
3.3.1 Magnesium Ingot 99.9%min in Warehouse Rotterdam 16
3.3.2 Magnesium ingot in Port India 18
3.3.3 Magnesium ingot 99.9%min Warehouse Russia 18
4. Company News 19
4.1 Hami Shengmei starts magnesium alloy production 19
4.2 Jixi Tiancheng decreases magnesium ingot output 19
4.3 Shenmu Moyuan Dingtai decreases magnesium ingot output 20
4.4 US Magnesium to postpone their magnesium ingot resumption plan 20
4.5 Fugu Jinchuan Hongtai Magnesium Alloy Second Plant to resume magnesium ingot production 20
4.6 Yulin Coal Technology suspends magnesium ingot production 20
4.7 Fugu Shengxin suspends magnesium ingot production 20
4.8 Wuxiang Xingyuan Calcium stops magnesium ingot production 20
4.9 Shenmu Dongfeng decreases magnesium ingot output 20
4.10 Newport Metals decreases magnesium anode import volume 20
4.11 Newport Metals decreases magnesium anode import volume 21
4.12 Shenmu Dongfeng decreases magnesium ingot output 21
4.13 Fugu Jinchuan Magnesium decreases magnesium ingot output 21
4.14 Fugu Haotian to decrease magnesium ingot output 21
4.15 Baode Shuntai Magnesium to stop magnesium ingot production 21
4.16 Shaanxi Weitian Tengda decreases magnesium ingot output 21
4.17 Shaanxi Sanxin Second Plant to stop magnesium ingot production for equipment maintenance 21
4.18 Fugu Wanxin Coal decreases magnesium ingot output for equipment maintenance 22
4.19 Shenmu Xinqing to decrease magnesium ingot output 22
4.20 Erdos Tengdali to decreases magnesium ingot output 22
4.21 Shenmu Moyuan Dingtai plans to reduce magnesium ingot output 22
4.22 Fugu Jinchuan Hongtai plans to stop magnesium ingot production for equipment building 22
4.23 Fugu Fangzheng Magnesium resumes magnesium ingot production 22
4.24 Jiangsu Jingmei inks deal to build Mg-alloy wheel project in Zhaoling 22
4.25 Shenmu Lizhen resumes magnesium alloy production 22
4.26 Yulin Wanyuan Magnesium to resume magnesium ingot production 23
4.27 Shaanxi Sanxin Group Second Plant to resume magnesium ingot production 23
4.28 Heneken runs magnesium alloy production in Canada 23
4.29 Nanjing Meirui to start magnesium alloy production 23
4.30 Shaanxi Dongxinyuan Chemical plans to resume magnesium ingot production 23
4.31 Kairuite reduces magnesium powder output 23
4.32 Shenmu Dongfeng Magnesium to increase magnesium alloy output 23
4.33 Xinjiang Jiaxin to build 100ktpa magnesium materials project 23
4.34 Jiangsu Runze to build Al-Mg alloy project in Wuzhou 23
4.35 Wuchan Zhongda Qixin Alloy stops magnesium ingot production 24
4.36 Fugu Jinchuan Magnesium stops magnesium ingot production 24
4.37 KAR MINERAL to stop magnesium ingot production for equipment maintenance 24
4.38 Aluminium Norf decreases magnesium ingot consumption volume 24
4.39 China unveils two-year plan for energy conservation and carbon reduction 24
4.40 Yulin Coal Technology resumes magnesium ingot production 24
4.41 Latrobe to starts feasibility study for Victoria magnesium plant Stage 2 24
4.42 China unveils two-year plan for energy conservation and carbon reduction 24
4.43 Shenmu Dongfeng Magnesium decreases magnesium ingot output for equipment maintenance 25
4.44 Jixi Tiancheng Magnesium stops magnesium ingot production for equipment maintenance 25
4.45 Fugu Yufeng to stop magnesium ingot production for equipment maintenance 25
4.46 Shanxi Yinguang increases magnesium alloy output 25
4.47 Xinjiang Jinsheng Magnesium to stop magnesium ingot production for equipment maintenance 25
4.48 Fugu's magnesium production up 7.2% in Jan-Apr 25
4.49 Yulin Coal Technology stops magnesium ingot production 25
4.50 Heneken to build magnesium ingot plant in Canada 25
4.51 Boao Magnesium's Wansheng Mg-Al alloy production base put into operation 26
4.52 Jixi Tiancheng Magnesium resumes magnesium ingot production 26
4.53 Shanxi ESM Licheng Plant to stop magnesium powder production 26
4.54 Fugu Yufeng plans to resume magnesium ingot production 26
4.55 Fugu Jinchuan Hongtai plans to resume magnesium ingot production 26
4.56 Fugu Huashun plans to stop magnesium ingot production for equipment maintenance 26
4.57 Shaanxi Sanxin to stop magnesium ingot production for equipment maintenance 26
4.58 Shenmu Hengrun plans to stop magnesium ingot production for equipment maintenance 26
4.59 Fugu's Jan-May magnesium production rises 9.9% YoY 26
4.60 Shaanxi Sanxin Second Plant stops small magnesium ingot production 27
4.61 Fugu Taida Coalification plans to stop magnesium ingot production for equipment maintenance 27
4.62 Mingmei Technology inks deals for wrought magnesium alloy project in Chaohu 27
4.63 Oriental Xinyuan to acquire controlling stake in Mg-Al alloy die-casting firm 27
4.64 Kongtian New Materials produces first roll of HR magnesium alloy coil 27
4.65 Mingmei Technology inks deals for wrought magnesium alloy project in Chaohu 27
4.66 Yulin Tianlong Magnesium to stop magnesium ingot for equipment maintenance 27
4.67 Sinyuan ZM to raise fund for magnesium alloy die-casting components project 28
4.68 Jixi Tiancheng decreases magnesium ingot production 28
4.69 Fugu Taida resumes magnesium ingot production 28
4.70 Shenmu Sihai resumes magnesium ingot production 28
4.71 Fugu Huashun resumes magnesium ingot production 28
4.72 Shaanxi Sanxin Second Plant stops magnesium ingot production 28
4.73 Anhui Baomei's dolomite transport corridor project completes final tunneling breakthrough 28
4.74 Sinyuan ZM to supply Mg-alloy products for auto parts maker 28
4.75 Shaanxi Weitian Tengda decreases magnesium ingot output 28
4.76 Fugu Yihe increases magnesium ingot output 28
4.77 Yulin Tianlong Magnesium resumes magnesium ingot production 29
4.78 Shenmu Moyuan Dingtai Magnesium stops magnesium ingot production for equipment maintenance 29
4.79 Jixi Tiancheng Magnesium increases magnesium ingot output 29
4.80 Fugu Jujinbang plans to resume magnesium ingot production 29
4.81 Fugu Yihe increases magnesium ingot output 29
4.82 Xinjiang Meite to build magnesium alloy and ferroalloy project 29
4.83 Shaanxi Weitian Tengda decreases magnesium ingot output 29
4.84 Fugu Yihe increases magnesium ingot output 29
4.85 Yulin Tianlong Magnesium resumes magnesium ingot production 29
4.86 Shenmu Moyuan Dingtai Magnesium stops magnesium ingot production for equipment maintenance 29
4.87 Jixi Tiancheng Magnesium increases magnesium ingot output 30
4.88 Fugu Jujinbang plans to resume magnesium ingot production 30
4.89 Fugu Yihe increases magnesium ingot output 30
4.90 Xinjiang Meite to build magnesium alloy and ferroalloy project 30
4.91 Fugu Jujinbang postpones magnesium ingot production 30
4.92 Anhui Anke to build 100ktpa Al-Mg alloy bar project 30
4.93 Boao Magnesium receives state funding for Mg-Al alloy project 30
4.94 Shenmu Dongfeng plans to stops magnesium alloy production 30
4.95 Shanxi Bada Magnesium stops magnesium alloy production 30
4.96 Wuchan Zhongda Qixin Alloy decreases magnesium ingot output 30
4.97 Newport Metals moves up magnesium anode sales volume 30
4.98 Shenmu Sihai Coal stops magnesium ingot production 31
4.99 Shanxi Zhenxin Magnesium stops magnesium ingot production 31
4.100 Jixi Tiancheng Magnesium intends to increase magnesium ingot output 31
4.101 Shanxi Bada Magnesium resumes magnesium alloy production 31
4.102 Baowu and ESTUN present jointly-developed magnesium alloy robot 31
4.103 Victory Precision announces private placement for magnesium alloy products project 31
5. Producers Statistics 31
5.1 Chinese magnesium ingot producers' statistics 31
5.1.1 China's magnesium ingot producers' production capacity up by 1.95% YoY in 2024 31
5.1.2 China's magnesium ingot producers' operating rate up by 3.22% YoY in 2024 32
5.1.3 China's magnesium ingot producers' output up by 22.50% YoY in 2024 32
5.1.4 China's magnesium ingot producers' average inventory down by 28.94% YoY in 2024 32
5.2 China's magnesium alloy producers' statistics 33
5.2.1 China's magnesium alloy producers' production capacity up by 20.84% YOY in 2024 33
5.2.2 China's magnesium alloy producers' operating rate down by 6.31% YoY in 2024 33
5.2.3 China's magnesium alloy producers' output down by 7.92% YoY in 2024 33
5.2.4 China's magnesium alloy producers' average inventory up by 38.35% YoY in 2024 34
5.3 China's magnesium powder producers' statistics 34
5.3.1 China's magnesium powder producers' production capacity up by 15.23% YoY in 2024 34
5.3.2 China's magnesium powder producers' operating rate down by 11.12% YoY in 2024 35
5.3.3 China's magnesium powder producers' output up by 7.89% YoY in 2024 35
5.3.4 China's magnesium powder producers' average inventory down by 60.52% YoY in 2024 35
6 Customs Statistics 36
6.1 China's magnesium ingot export volume up by 22.97% YOY in 2024 36
6.2 China's magnesium alloy export volume down by 8.34% YOY in 2024 36
6.3 China's magnesium powder export volume up by 10.96% YOY in 2024 37
7 Supply and Demand Outlook 38
7.1 Magnesium Ingot 38
7.2 Magnesium Alloy AZ91D 38
7.3 Magnesium Powder 99.9%min 38
1. Magnesium ingot industry overview 5
1.1 Definition 5
1.2 Type 5
1.2.1 By Grade 5
1.2.2 By Weight 5
1.3 Distribution 5
1.4 Application 6
1.4.1 By Grade 6
1.4.2 By Weight 6
2. Economy and Policy 6
2.1 Chinese Market 6
2.1.1 China's ten nonferrous metals production up by 7.1% YoY in first eleven months 6
2.1.2 Fugu's magnesium production up 38.67% YoY in Q1-Q3 6
2.1.3 China's Jan-Oct production of ten nonferrous metals up 4.7% 6
2.1.4 China to impose export controls on certain magnesium materials from Dec 1 6
2.1.5 China launches third batch of third round of central environmental inspections 6
2.2 International Market 6
2.2.1 World Bank raises China's economic growth forecast to 5.1% 7
3. Market Movements 7
3.1 Domestic Market 7
3.1.1 Magnesium ingot 99.9%min EXW China 7
3.1.2 Magnesium Alloy AZ91D EXW China 8
3.1.3 Magnesium Powder 99.9%min EXW China 10
3.2 Export Market 11
3.2.1 Magnesium Ingot 99.9%min FOB China 11
3.2.2 Magnesium Alloy AZ91D FOB China 13
3.2.3 Magnesium Powder 99.9%min FOB China 15
3.3 International Market 16
3.3.1 Magnesium Ingot 99.9%min in Warehouse Rotterdam 16
3.3.2 Magnesium ingot in Port India 18
3.3.3 Magnesium ingot 99.9%min Warehouse Russia 18
4. Company News 19
4.1 Hami Shengmei starts magnesium alloy production 19
4.2 Jixi Tiancheng decreases magnesium ingot output 19
4.3 Shenmu Moyuan Dingtai decreases magnesium ingot output 20
4.4 US Magnesium to postpone their magnesium ingot resumption plan 20
4.5 Fugu Jinchuan Hongtai Magnesium Alloy Second Plant to resume magnesium ingot production 20
4.6 Yulin Coal Technology suspends magnesium ingot production 20
4.7 Fugu Shengxin suspends magnesium ingot production 20
4.8 Wuxiang Xingyuan Calcium stops magnesium ingot production 20
4.9 Shenmu Dongfeng decreases magnesium ingot output 20
4.10 Newport Metals decreases magnesium anode import volume 20
4.11 Newport Metals decreases magnesium anode import volume 21
4.12 Shenmu Dongfeng decreases magnesium ingot output 21
4.13 Fugu Jinchuan Magnesium decreases magnesium ingot output 21
4.14 Fugu Haotian to decrease magnesium ingot output 21
4.15 Baode Shuntai Magnesium to stop magnesium ingot production 21
4.16 Shaanxi Weitian Tengda decreases magnesium ingot output 21
4.17 Shaanxi Sanxin Second Plant to stop magnesium ingot production for equipment maintenance 21
4.18 Fugu Wanxin Coal decreases magnesium ingot output for equipment maintenance 22
4.19 Shenmu Xinqing to decrease magnesium ingot output 22
4.20 Erdos Tengdali to decreases magnesium ingot output 22
4.21 Shenmu Moyuan Dingtai plans to reduce magnesium ingot output 22
4.22 Fugu Jinchuan Hongtai plans to stop magnesium ingot production for equipment building 22
4.23 Fugu Fangzheng Magnesium resumes magnesium ingot production 22
4.24 Jiangsu Jingmei inks deal to build Mg-alloy wheel project in Zhaoling 22
4.25 Shenmu Lizhen resumes magnesium alloy production 22
4.26 Yulin Wanyuan Magnesium to resume magnesium ingot production 23
4.27 Shaanxi Sanxin Group Second Plant to resume magnesium ingot production 23
4.28 Heneken runs magnesium alloy production in Canada 23
4.29 Nanjing Meirui to start magnesium alloy production 23
4.30 Shaanxi Dongxinyuan Chemical plans to resume magnesium ingot production 23
4.31 Kairuite reduces magnesium powder output 23
4.32 Shenmu Dongfeng Magnesium to increase magnesium alloy output 23
4.33 Xinjiang Jiaxin to build 100ktpa magnesium materials project 23
4.34 Jiangsu Runze to build Al-Mg alloy project in Wuzhou 23
4.35 Wuchan Zhongda Qixin Alloy stops magnesium ingot production 24
4.36 Fugu Jinchuan Magnesium stops magnesium ingot production 24
4.37 KAR MINERAL to stop magnesium ingot production for equipment maintenance 24
4.38 Aluminium Norf decreases magnesium ingot consumption volume 24
4.39 China unveils two-year plan for energy conservation and carbon reduction 24
4.40 Yulin Coal Technology resumes magnesium ingot production 24
4.41 Latrobe to starts feasibility study for Victoria magnesium plant Stage 2 24
4.42 China unveils two-year plan for energy conservation and carbon reduction 24
4.43 Shenmu Dongfeng Magnesium decreases magnesium ingot output for equipment maintenance 25
4.44 Jixi Tiancheng Magnesium stops magnesium ingot production for equipment maintenance 25
4.45 Fugu Yufeng to stop magnesium ingot production for equipment maintenance 25
4.46 Shanxi Yinguang increases magnesium alloy output 25
4.47 Xinjiang Jinsheng Magnesium to stop magnesium ingot production for equipment maintenance 25
4.48 Fugu's magnesium production up 7.2% in Jan-Apr 25
4.49 Yulin Coal Technology stops magnesium ingot production 25
4.50 Heneken to build magnesium ingot plant in Canada 25
4.51 Boao Magnesium's Wansheng Mg-Al alloy production base put into operation 26
4.52 Jixi Tiancheng Magnesium resumes magnesium ingot production 26
4.53 Shanxi ESM Licheng Plant to stop magnesium powder production 26
4.54 Fugu Yufeng plans to resume magnesium ingot production 26
4.55 Fugu Jinchuan Hongtai plans to resume magnesium ingot production 26
4.56 Fugu Huashun plans to stop magnesium ingot production for equipment maintenance 26
4.57 Shaanxi Sanxin to stop magnesium ingot production for equipment maintenance 26
4.58 Shenmu Hengrun plans to stop magnesium ingot production for equipment maintenance 26
4.59 Fugu's Jan-May magnesium production rises 9.9% YoY 26
4.60 Shaanxi Sanxin Second Plant stops small magnesium ingot production 27
4.61 Fugu Taida Coalification plans to stop magnesium ingot production for equipment maintenance 27
4.62 Mingmei Technology inks deals for wrought magnesium alloy project in Chaohu 27
4.63 Oriental Xinyuan to acquire controlling stake in Mg-Al alloy die-casting firm 27
4.64 Kongtian New Materials produces first roll of HR magnesium alloy coil 27
4.65 Mingmei Technology inks deals for wrought magnesium alloy project in Chaohu 27
4.66 Yulin Tianlong Magnesium to stop magnesium ingot for equipment maintenance 27
4.67 Sinyuan ZM to raise fund for magnesium alloy die-casting components project 28
4.68 Jixi Tiancheng decreases magnesium ingot production 28
4.69 Fugu Taida resumes magnesium ingot production 28
4.70 Shenmu Sihai resumes magnesium ingot production 28
4.71 Fugu Huashun resumes magnesium ingot production 28
4.72 Shaanxi Sanxin Second Plant stops magnesium ingot production 28
4.73 Anhui Baomei's dolomite transport corridor project completes final tunneling breakthrough 28
4.74 Sinyuan ZM to supply Mg-alloy products for auto parts maker 28
4.75 Shaanxi Weitian Tengda decreases magnesium ingot output 28
4.76 Fugu Yihe increases magnesium ingot output 28
4.77 Yulin Tianlong Magnesium resumes magnesium ingot production 29
4.78 Shenmu Moyuan Dingtai Magnesium stops magnesium ingot production for equipment maintenance 29
4.79 Jixi Tiancheng Magnesium increases magnesium ingot output 29
4.80 Fugu Jujinbang plans to resume magnesium ingot production 29
4.81 Fugu Yihe increases magnesium ingot output 29
4.82 Xinjiang Meite to build magnesium alloy and ferroalloy project 29
4.83 Shaanxi Weitian Tengda decreases magnesium ingot output 29
4.84 Fugu Yihe increases magnesium ingot output 29
4.85 Yulin Tianlong Magnesium resumes magnesium ingot production 29
4.86 Shenmu Moyuan Dingtai Magnesium stops magnesium ingot production for equipment maintenance 29
4.87 Jixi Tiancheng Magnesium increases magnesium ingot output 30
4.88 Fugu Jujinbang plans to resume magnesium ingot production 30
4.89 Fugu Yihe increases magnesium ingot output 30
4.90 Xinjiang Meite to build magnesium alloy and ferroalloy project 30
4.91 Fugu Jujinbang postpones magnesium ingot production 30
4.92 Anhui Anke to build 100ktpa Al-Mg alloy bar project 30
4.93 Boao Magnesium receives state funding for Mg-Al alloy project 30
4.94 Shenmu Dongfeng plans to stops magnesium alloy production 30
4.95 Shanxi Bada Magnesium stops magnesium alloy production 30
4.96 Wuchan Zhongda Qixin Alloy decreases magnesium ingot output 30
4.97 Newport Metals moves up magnesium anode sales volume 30
4.98 Shenmu Sihai Coal stops magnesium ingot production 31
4.99 Shanxi Zhenxin Magnesium stops magnesium ingot production 31
4.100 Jixi Tiancheng Magnesium intends to increase magnesium ingot output 31
4.101 Shanxi Bada Magnesium resumes magnesium alloy production 31
4.102 Baowu and ESTUN present jointly-developed magnesium alloy robot 31
4.103 Victory Precision announces private placement for magnesium alloy products project 31
5. Producers Statistics 31
5.1 Chinese magnesium ingot producers' statistics 31
5.1.1 China's magnesium ingot producers' production capacity up by 1.95% YoY in 2024 31
5.1.2 China's magnesium ingot producers' operating rate up by 3.22% YoY in 2024 32
5.1.3 China's magnesium ingot producers' output up by 22.50% YoY in 2024 32
5.1.4 China's magnesium ingot producers' average inventory down by 28.94% YoY in 2024 32
5.2 China's magnesium alloy producers' statistics 33
5.2.1 China's magnesium alloy producers' production capacity up by 20.84% YOY in 2024 33
5.2.2 China's magnesium alloy producers' operating rate down by 6.31% YoY in 2024 33
5.2.3 China's magnesium alloy producers' output down by 7.92% YoY in 2024 33
5.2.4 China's magnesium alloy producers' average inventory up by 38.35% YoY in 2024 34
5.3 China's magnesium powder producers' statistics 34
5.3.1 China's magnesium powder producers' production capacity up by 15.23% YoY in 2024 34
5.3.2 China's magnesium powder producers' operating rate down by 11.12% YoY in 2024 35
5.3.3 China's magnesium powder producers' output up by 7.89% YoY in 2024 35
5.3.4 China's magnesium powder producers' average inventory down by 60.52% YoY in 2024 35
6 Customs Statistics 36
6.1 China's magnesium ingot export volume up by 22.97% YOY in 2024 36
6.2 China's magnesium alloy export volume down by 8.34% YOY in 2024 36
6.3 China's magnesium powder export volume up by 10.96% YOY in 2024 37
7 Supply and Demand Outlook 38
7.1 Magnesium Ingot 38
7.2 Magnesium Alloy AZ91D 38
7.3 Magnesium Powder 99.9%min 38
