Magnesium
Regions Covered
China
USA
Regions Covered
China
USA
Magnesium metal can be derived from vast number of sources which includes seawater, natural brines, dolomite and other minerals. The reserves are sufficient to meet the current and future demand. Production pertains to primary magnesium metal production at a global level. Secondary magnesium production accounted for 20-25% of the total supply in 2016. The market is expected to be driven by demand from automotive sector until 2019
China is expected to be the most lucrative market for the magnesium metal and this trend is expected to continue in the upcoming years. Demand from all the regions is expected to grow in the upcoming years as Environmental and legislative influences would propel the use of magnesium. China is the biggest producer and consumer of magnesium in the world and this market dynamics is expected to continue in the upcoming years. There could be shutdown of Pidgeon plants, however this shall be offset by supply from Qinghai Salt Lake plant. Around 216,000 tons of magnesium of unwrought containg >= 99.8% grade was exported from China to the world in 2016. Netherlands, Japan and Canada were top 3 importers from China accounting for an average of 26%, 11% and 8% respectively during the 3 year period
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