Monthly Magnesium Market Report Jan 2021

Contents
1. Market Highlights 2
2. Economy and Policy 3
2.1 Economy and Policy 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright3% YOY in Jan 7 5.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 Dongyi Magnesium and Gelinmei (Tianjin) to co-construct high-quality Mg-alloy project 6
4.2 JMC's auto sales up by 14.15% YOY in 2020 6
4.3 GAC Group's auto sales up by 12% YOY in Dec 6
4.4 Chang'an Automobile's auto sales exceed 2 million units in 2020 6
4.5 SAIC Motor's auto sales down by 10.22% YOY in 2020 6
4.6 Geely Auto achieves annual sales target in 2020 6
4.7 Waffer concludes construction of high-end precision auto parts project 6
4.8 Ford to end manufacturing in Brazil 6
4.9 BMW delivers 777,379 vehicles in China in 2020 6
4.10 Fugu Fangzheng Magnesium begin to produce magnesium ingot 99.95%min 6
4.11 RSM Group announces to become global supplier of magnesium alloy downstream application for Volvo 6
4.12 Inner Mongolia Yunsheng Magnesium begins to produce shaped magnesium ingot 6
4.13 Fugu Jinwantong Magnesium begins to produce magnesium ingot 99.95%min 7
4.14 Wenda Magnesium & Aluminum Technology commences construction of Mg-Al alloy project 7
4.15 Inner Mongolia Yunsheng stops magnesium ingot production 7
4.16 SAIC Motor aims to sell 10 million autos during Fourteenth Five-year period 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.Asian Metal Copyright2.Asian Metal Copyright1 Chinese magnesium ingot producers' output up by 0.59% MOM in Jan 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright9%min in Warehouse Russia 12 8.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 2.3% YOY in Jan 7
5.2.Asian Metal Copyright3 Magnesium Powder 4 3.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 3.1% MOM in Jan 8
5.2.Asian Metal Copyright9%min in Port India 12 8.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 655.8% YOY in Dec 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright95%min 6 4.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate up by 7.04% MOM in Jan 8
5.3.Asian Metal Copyright Market Highlights 2 2.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 18.8% MOM in Jan 9
5.3.Asian Metal Copyright1 Chinese Market 3 3.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 25.9% MOM in Jan 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume declined 14.86% YoY in Dec 2020 9
6.2 China's magnesium powder export volume fell 13.70% MoM in Dec 2020 10
6.3 China's magnesium alloy exports down by 7.82% YOY in Dec 11
7. Relevant Industry News 11
7.1 China's aluminum alloy exports down by 45% YOY in Nov 11
7.2 Auto sales in Europe down by 24.3% YOY in 2020 11
7.3 Rio Tinto's aluminum output up by 4% YOY in Q4 2020 11
7.4 Gravita to expand secondary aluminum alloy production capacity in Tanzania 11
7.5 China's aluminum profile import volume grew 14.57% YoY in Dec 2020 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.Asian Metal Copyright2 China's magnesium powder export volume fell 13.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 12
8.1.Asian Metal Copyright4 Magnesium alloy AZ91D EXW DP 12 8.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 Copyright2.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 12
8.2.Asian Metal Copyright1 Economy and Policy 3 3.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 12
8.2.Asian Metal Copyright1 Magnesium Ingot 3 3.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 12
8.2.Asian Metal Copyright1.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 12
8.2.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 18.Asian Metal Copyright5 Chinese magnesium powder 99.9%min FOB China 12
8.2.6 Chinese magnesium alloy AZ91D FOB China 13















.Asian Metal Copyright3 China's magnesium alloy exports down by 7Asian Metal Copyright