Monthly Magnesium Market Report Dec 2021

Contents
1. Market Highlights 2
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 MEE: Rumor about enterprises being shut down during Winter Olympics not true 3
2.1.2 MEE: Semi coke industry in Yulin, Shaanxi found serious production capacity and environmental problems 3
2.1.3 Ministry of Finance to increase tax and fee cuts in 2022 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright2 BYD's new energy vehicle sales up by 216.Asian Metal Copyright2 Magnesium Ingot 99.95%min 3
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 4
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 GWM to build automobile production base in Linyi, Shandong 6
4.2 BYD's new energy vehicle sales up by 216.97% YOY in Jan-Nov 2021 6
4.3 BYD invests 15 billion yuan to build new energy auto parts project in Xi'an 6
4.4 GAC: China's auto exports up by 69.53% YOY in Nov 6
4.5 South Korea to strengthen monitoring on core raw material supply including Mg, W and Nd 6
4.6 Chunqiu Electronic Technology to publicly issue convertible bonds of no more than 570 million yuan 6
4.7 Latrobe Magnesium secures A$23 million in funding to allow pre-feasibility study on 100ktpa magnesium plant 6
4.8 China's NEVs production exceeds 3 million units in first eleven months 6
4.9 Hoshion's subsidiary to invest no more than RMB1.5 billion for new energy vehicle high-end parts project (phase I) 7
4.10 Baolong becomes supplier of lightweight structural parts project 7
4.11 Salt Lake Industry commences construction of Mg-Al alloy production base in Ma'anshan 7
4.12 Shaanxi launches special inspection and troubleshooting for production safety during winter 7
4.13 NBS: China's auto production down by 7.1% YoY in Nov 7
4.14 Baosteel Metal Chaohu Lightweight Project goes into production 7
4.15 Western Magnesium closes non-brokered private placement for magnesium pilot plant 7
4.16 CAAM: Top ten automobile sales enterprises sell a total of 20.20 million vehicles in Jan-Nov 7
4.17 Baomei 300,000tpy high-performance Mg-base light alloy and deep processing project starts construction in Anhui 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate up by 1.11% MoM in Dec 7
5.1.Asian Metal Copyright11% MoM in Dec 7 5.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 1.57% MoM in Dec 8
5.1.Asian Metal Copyright46% MoM in Dec 9 5.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 4.67% MoM in Dec 8
5.2 Magnesium Alloy 8
5.2.Asian Metal Copyright3.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 2.05% MoM in Dec 8
5.2.Asian Metal Copyright5 Chinese magnesium powder 99.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 5.89% MoM in Dec 9
5.2.Asian Metal Copyright1 Chinese magnesium ingot 99.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks down by 25.67% MoM in Dec 9
5.3 Magnesium Powder 9
5.3.Asian Metal Copyright2.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 0.46% MoM in Dec 9
5.3.Asian Metal Copyright1% YoY in Nov 7 4.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 1.52% MoM in Dec 9
5.3.Asian Metal Copyright57% MoM in Dec 8 5.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 11.1% MoM in Dec 10
6. Export Statistics 10
6.1 China's unwrought magnesium alloy export volume increased 56.35% MoM in Nov 2021 10
6.2 China's unwrought magnesium export volume grew 92.04% YoY in Nov 2021 10
6.3 China's magnesium powder and granule export volume declined 16.07% YoY in Nov 2021 11
7. Relevant Industry News 11
7.1 Norway's Hydro to curb Slovakia aluminium output due to high power cost 11
7.2 Two major Chinese ferrosilicon plants resume production 11
7.3 Chevron Auto to raise no more than 2,284 million yuan for high-end auto parts project 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.Asian Metal Copyright1 Chinese Market 12 8.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 12
8.1.Asian Metal Copyright3 Magnesium Powder 4 3.Asian Metal Copyright2 Magnesium ingot 99.95%min EXW D/P 12
8.1.3 Magnesium powder EXW D/P 12
8.1.4 Magnesium alloy AZ91D EXW D/P 12
8.2 International Market 12
8.2.Asian Metal Copyright3 International Market 5 3.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 12
8.2.Asian Metal Copyright6 Chunqiu Electronic Technology to publicly issue convertible bonds of no more than 570 million yuan 6 4.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 12
8.2.Asian Metal Copyright8 China's NEVs production exceeds 3 million units in first eleven months 6 4.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 12
8.2.Asian Metal Copyright1% MoM in Dec 10 6.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 12
8.2.Asian Metal Copyright1.Asian Metal Copyright5 Chinese magnesium powder 99.9%min FOB China 12
8.2.6 Chinese magnesium alloy AZ91D FOB China 12









.Asian Metal Copyright3 Chevron Auto to raise no more than 2,284 million yuan for high-end auto parts project 12 8Asian Metal Copyright