Monthly Magnesium Market Report May 2022

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks up by 17.Asian Metal Copyright1 U.Asian Metal Copyright2.Asian Metal CopyrightS. starts review process for additional tariffs on China or removes additional tariffs on Chinese-origin products 3
2.1.2 Four departments: Strengthen supply and price stability of important raw materials and primary products 3
2.1.Asian Metal Copyright1.Asian Metal Copyright3 MoF: China's 2022 tax rebates & cuts and fee reductions to total RMB2.5 trillion 4
3. Market Movements 4
3.1 Chinese Market 4
3.1.1 Magnesium Ingot 4
3.1.Asian Metal Copyright Market Outlook for Next Month 12 8.Asian Metal Copyright2 Magnesium Ingot 99.95%min 4
3.1.3 Magnesium Powder 4
3.1.4 Magnesium Alloy 5
3.2 Chinese Export Market 5
3.2.1 Chinese Magnesium Ingot Export Market 5
3.2.2 Magnesium Ingot in Warehouse Rotterdam 5
3.2.3 Magnesium Powder 5
3.2.4 Magnesium Alloy 6
3.3 International Market 6
3.3.1 Magnesium Ingot in Port India 6
3.3.2 Magnesium Ingot in Warehouse Russia 6
4. Company News 6
4.1 Xinjiang Tengxiang Magnesium stops magnesium ingot production 6
4.2 Anhui Baomei: Main construction of 300,000tpy magnesium-based light alloy project to be completed in August 6
4.3 Shaanxi Sanxin Group Second Plant stops magnesium ingot production for equipment maintenance 6
4.4 Xiaye Metal Material starts magnesium ingot production 6
4.5 Shanxi Kangmei Technology resumes magnesium alloy production 7
4.6 Yunhai Special Metals wins mining license for dolomite ores with RMB365 million 7
4.7 Valin Precision to raise no more than 500 million yuan for NEV parts project 7
4.8 Xinjiang Banchao Magnesium to produce magnesium ingot 7
5. Producers Statistics 7
5.1 Magnesium Ingot 7
5.1.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 1.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 0.2% MoM in May 7
5.1.Asian Metal Copyright7 The EU issues 300 billion euro investment plan to reduce dependence on Russian energy 12 7.Asian Metal Copyright2 Chinese magnesium ingot producers' output up by 0.95% MoM in May 7
5.1.Asian Metal Copyright7 The EU issues 300 billion euro investment plan to reduce dependence on Russian energy 12 7.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks up by 17.43% MoM in May 8
5.2 Magnesium Alloy 8
5.2.Asian Metal Copyright2 Magnesium Alloy 8 5.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 1.5% MoM in May 8
5.2.Asian Metal CopyrightS.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 2.4% MoM in May 8
5.2.Asian Metal Copyright2 Magnesium Ingot 99.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks down by 18.47% MoM in May 8
5.3 Magnesium Powder 9
5.3.Asian Metal Copyright8% YoY in Q1 12 7.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate up by 1.93% MoM in May 9
5.3.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 1.Asian Metal Copyright2 Chinese magnesium powder producers' output up by 6.58% MoM in May 9
5.3.Asian Metal Copyright Economy and Policy 3 2.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 1.28% MoM in May 9
6. Export Statistics 9
6.1 China's unwrought magnesium alloy export volume decreased 28.11% MoM in Apr 2022 9
6.2 China's unwrought magnesium export volume fell 13.62% MoM in Apr 2022 10
6.3 China's magnesium powder and granule export volume decreased 22.47% YoY in Apr 2022 11
7. Relevant Industry News 11
7.1 Shanxi launches large-scale inspection and troubleshooting action for production safety 11
7.2 BYD's NEV sales volume up by 313.23% YoY in April 11
7.3 Tesla to set up second plant in Shanghai 11
7.4 CAAM: China's vehicle exports up by 57.8% YoY in Q1 12
7.5 CPCA: China's April passenger car retail sales down by 35% YoY 12
7.6 GACC: China's import and export value of foreign trade up by 7.9% YoY in Jan-Apr 12
7.7 The EU issues 300 billion euro investment plan to reduce dependence on Russian energy 12
7.8 Europe seeks to resume magnesium production by 2025 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.Asian Metal Copyright7 Valin Precision to raise no more than 500 million yuan for NEV parts project 7 4.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 12
8.1.Asian Metal Copyright28% MoM in May 9 6.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 13
8.2.Asian Metal Copyright2 BYD's NEV sales volume up by 313.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 13
8.2.Asian Metal Copyright5 trillion 4 3.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 13
8.2.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 1.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 13
8.2.Asian Metal Copyright2.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 13
8.2.Asian Metal Copyright7 The EU issues 300 billion euro investment plan to reduce dependence on Russian energy 12 7.Asian Metal Copyright5 Chinese magnesium powder 99.9%min FOB China 13
8.2.6 Chinese magnesium alloy AZ91D FOB China 13








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