Magnesium Industry Annual Report 2022
2023-02-19 20:46:34 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Contents
1. Magnesium ingot industry overview 6
1.1 Definition 6
1.2 Type 6
1.2.1 By Grade 6
1.2.2 By Weight 6
1.3 Distribution 6
1.4 Application 6
1.4.1 By Grade 6
1.4.2 By Weight 7
2. Economy and Policy 7
2.1 Chinese Market 7
2.1.1 Customs Tariff Commission of State Council issues 7
2.1.2 MEE calls for orderly promotion of green and low-carbon development in 2022 7
2.1.3 MEE: Temporary control on enterprises of heavy pollution and large emission during Winter Olympics 7
2.1.4 NDRC: China's output of ten non-ferrous metals up by 5.4% YOY in 2021 7
2.1.5 MOF: China to implement larger tax and fee cuts for small businesses 7
2.1.6 GACC: total import-export value grows 13.3% YOY in Jan-Feb 7
2.1.7 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 7
2.1.8 CAAM: China's auto production and sales up by 8.8% and 7.5% YoY respectively in Jan-Feb 8
2.1.9 MEE launches six-batch of second-round central environmental inspection 8
2.1.10 Third central environmental protection inspection team reports supervision result 8
2.1.11 Five inspection teams complete onsite work for second round of environmental protection inspection 8
2.1.12 GACC: China's total I/E value up by 10.7% in Q1 8
2.1.13 GAC: China's auto exports up by 33.6% YoY in Mar 8
2.1.14 Four departments: Strengthen supply and price stability of important raw materials and primary products 8
2.1.15 MoF: China's 2022 tax rebates & cuts and fee reductions to total RMB2.5 trillion 8
2.1.16 China to halve purchase tax for some passenger cars from Jun 1 9
2.1.17 GACC: China's exports of unwrought aluminum and aluminum products up by 34.1% YoY in H1 2022 9
2.1.18 CPCA: China's new energy passenger car retail sales rise by 117.3% YoY in Jul 9
2.1.19 China's auto exports up by 60.4% YoY in Jul 9
2.1.20 China extends NEV purchase tax waiver until end of 2023 9
2.1.21 GACC: China's foreign trade value up by 10.1% YOY in Jan-Aug 2022 9
2.1.22 China extends NEV purchase tax exemption until end of 2023 9
2.1.23 IMF cuts 2023 global economic growth forecast to 2.7% 9
2.24 China sees RMB68.62 billion of new energy vehicle purchase taxes exempt by Nov 10th in 2022 9
2.25 GACC: China's foreign trade value up by 9.5% YOY in Jan-Oct 2022 9
2.26 IMF cuts 2023 global economic growth forecast to 2.7% 10
2.27 Shanghai Customs: Imports and exports up by 5.3% YOY in Jan-Oct 10
2.28 China's central bank to cut RRR by 0.25 percentage points 10
2.29 UNCTAD: Global trade value expected to reach USD32 trillion by 2022 10
2.2 International Market 10
2.2.1 China and Japan form bilateral free trade relation for first time 10
2.2.2 US resumes tariff exemption for 352 Chinese imports 10
2.2.3 U.S. starts review process for additional tariffs on China or removes additional tariffs on Chinese-origin products 10
2.2.4 IMA encourages U.S. to review magnesium dumping more often amid short squeeze 11
2.2.5 US announces final result of fifth sunset review of anti-dumping on pure magnesium 11
2.2.6 GACC: China's import and export value of foreign trade up by 8.3% YoY in Jan-May 11
2.2.7 Europe seeks to resume magnesium production by 2025 11
2.2.8 Brazil announces final decision on third expiry review of anti-dumping measures on magnesium granules from China 11
2.2.9 China further extends tariff exemptions on some U.S. imported products 11
2.2.10 U.S. launches fifth sunset review on anti-dumping investigation on pure magnesium from China 11
3. Market Movements 11
3.1 Domestic Market 11
3.1.1 Magnesium ingot 99.9%min EXW China 11
3.1.2 Magnesium Alloy AZ91D EXW China 13
3.1.3 Magnesium Powder 99.9%min EXW China 15
3.2 Export Market 16
3.2.1 Magnesium Ingot 99.9%min FOB China 16
3.2.2 Magnesium Alloy AZ91D FOB China 19
3.2.3 Magnesium Powder 99.9%min FOB China 20
3.3 International Market 21
3.3.1 Magnesium Ingot 99.9%min in Warehouse Rotterdam 21
3.3.2 Magnesium ingot in Port India 22
3.3.3 Magnesium ingot 99.9%min Warehouse Russia 24
4. Company News 24
4.1 Shanxi launches large-scale campaign to investigate and rectify hidden dangers in production safety 24
4.2 BYD's new energy auto sales up by 218.3% YOY in 2021 25
4.3 Ningde Wenda Mg-Al and CETL jointly build lightweight electric ship project 25
4.4 JAC's auto sales up by 15.63% YoY in 2021 25
4.5 GMW's auto sales up by 15% YOY in 2021 25
4.6 Geely Automobile's car sales up by 1% YOY in 2021 25
4.7 Dongfeng Honda new energy vehicle plant settles in Wuhan 25
4.8 SAIC Motor's new energy vehicle sales in 2021 up by 128.93% YOY 25
4.9 CPCA: China's NEV retail sales up by 169.1% YOY in 2021 25
4.10 Shenmu Xinqing resumes magnesium ingot production 25
4.11 Zhongjin Lingnan Nonferrous Metals Shaoguan Smelter announces bidding result for magnesium ingot 25
4.12 Wanxiang Qianchao to build world-class automotive parts innovation and intelligent manufacturing center 26
4.13 Yulin Coal Technology stops magnesium ingot production 26
4.14 Qingxu Meijiamei Metal stops magnesium powder production 26
4.15 CAAM: China's automobile output up by 1.4% YoY in Jan 26
4.16 Shanxi Kangmei Technology resumes magnesium alloy production 26
4.17 Recodeal to raise no more than RMB700 million for NEV key parts project 26
4.18 Kaizhong Precision plans to invest 500 million yuan to build phase I project of Huizhou production base 26
4.19 BYD's NEV sales reach 88,300 units in Feb 26
4.20 Yulin Wanyuan Magnesium reduces magnesium ingot output 26
4.21 Shandong Tianyuan Group magnesium alloy TSCR line achieves successful trial 26
4.22 Shanxi Pincheng Yuanshi Technology to increase magnesium alloy output 27
4.23 Western Magnesium to complete commercial pilot plant construction 27
4.24 Xinjiang Tengxiang Magnesium stops magnesium ingot production 27
4.25 Erdos Tengdali Magnesium to stop magnesium ingot production for equipment maintenance 27
4.26 Huafeng Corpration's wholly-owned subsidiary signs sales contract with BAIC Foton 27
4.27 Shanxi Kangmei Technology suspends magnesium alloy production 27
4.28 Xinjiang Tengxiang Magnesium stops magnesium ingot production 27
4.29 Anhui Baomei: Main construction of 300,000tpy magnesium-based light alloy project to be completed in August 27
4.30 Shaanxi Sanxin Group Second Plant stops magnesium ingot production for equipment maintenance 27
4.31 Xiaye Metal Material starts magnesium ingot production 28
4.32 Shanxi Kangmei Technology resumes magnesium alloy production 28
4.33 Yunhai Special Metals wins mining license for dolomite ores with RMB365 million 28
4.34 Valin Precision to raise no more than 500 million yuan for NEV parts project 28
4.35 Xinjiang Banchao Magnesium to produce magnesium ingot 28
4.36 Fugu Jujinbang Magnesium stops magnesium ingot production 28
4.37 Novelis to build integrated recycling and rolling plant in US 28
4.38 Shaanxi Sanxin reduces magnesium ingot output 28
4.39 Shaanxi Zhimei Integration Technology inaugurated in Yulin 28
4.40 Yunhai Special Metals signs cooperation agreement on casting materials for car body structural parts 29
4.41 Fugu Yabo stops magnesium ingot production for equipment maintenance 29
4.42 Fugu Wanxin decreases magnesium ingot output for equipment maintenance 29
4.43 GAC Group's new energy vehicle sales up by 118.13% YOY in May 2022 29
4.44 BYD's NEV sales up by 348.11% YoY in Jan-May 29
4.45 Fugu Jujinbang Magnesium stops magnesium ingot production 29
4.46 Shenmu Xinqing Magnesium suspends magnesium ingot production 29
4.47 Shenmu Sihai Coal resumes magnesium ingot production 29
4.48 Anhui Baomei's 300ktpy lightweight magnesium alloy project begins construction of main plant 29
4.49 Yulin Wanyuan Magnesium to reduce output of magnesium ingot for equipment maintenance 29
4.50 Fugu Haotian reduces magnesium ingot output for equipment maintenance 30
4.51 Fugu Jinchuan Hongtai First Plant stops magnesium ingot production for equipment maintenance 30
4.52 Inner Mongolia Yunsheng Magnesium stops magnesium ingot production for equipment maintenance 30
4.53 Shaanxi Tianyu Magnesium decreases magnesium ingot output for equipment maintenance 30
4.54 Tengdali Magnesium stops magnesium ingot production for equipment maintenance 30
4.55 Baode Shuntai to stop magnesium ingot production for equipment maintenance 30
4.56 Hami Shengmei decreases output of magnesium ingot for equipment maintenance 30
4.57 Hebi Meiduo to stop magnesium powder production 30
4.58 Fugu Jinchuan Hongtai First Plant stops magnesium ingot production for equipment maintenance 31
4.59 Inner Mongolia Yunsheng Magnesium stops magnesium ingot production for equipment maintenance 31
4.60 Fugu Jinchuan Hongtai increases magnesium alloy output 31
4.61 Fugu Yufeng reduces output of magnesium ingot 31
4.62 Xinxiang Jinghua suspends magnesium powder production 31
4.63 Fugu Wenzhongfeng decreases output of magnesium ingot for equipment maintenance 31
4.64 Fugu Jinchuan Hongtai Second Plant reduces magnesium ingot output for equipment maintenance 31
4.65 Shaanxi Sanxin suspends magnesium ingot production for equipment maintenance 31
4.66 Inner Mongolia Yunsheng to resume magnesium ingot production 31
4.67 Inner Mongolia Yunsheng to resume magnesium ingot production 32
4.68 Fugu Yihe reduces magnesium ingot production 32
4.69 Fugu Fangzheng decreases magnesium ingot output 32
4.70 Inner Mongolia Huihao stops magnesium ingot production for equipment maintenance 32
4.71 Fugu Yide stops magnesium ingot production 32
4.72 Shenmu Xinqing to resume magnesium ingot production 32
4.73 Xinjiang Tengxiang reduces magnesium ingot output 32
4.74 Fugu Jinchuan Magnesium reduces output of magnesium ingot for equipment maintenance 32
4.75 Norsk Hydro: Slovalco smelter to suspend primary aluminium production till late Sep 33
4.76 Fugu Yide postpones magnesium ingot resumption plan 33
4.77 Fugu Yufeng Magnesium Alloy to stop magnesium ingot for equipment maintenance 33
4.78 Huayang Company's Kaiyuan Mine suspends production 33
4.79 Fugu Jinwantong reduces magnesium ingot output 33
4.80 Chongqing BoAo put into operation Mg-Al alloy material and deep processing project (phase II) 33
4.81 Shanxi Kangmei stops magnesium alloy production 33
4.82 Baode Shuntai Magnesium to resume magnesium ingot production 33
4.83 Ningxia Sun Magnesium increases output of magnesium ingot 33
4.84 Guangdong Wencan to invest in NEV lightweight parts project 34
4.85 Jixi Tiancheng Magnesium to increase magnesium ingot production volume 34
4.86 Shenmu Dongfeng Magnesium reduces magnesium ingot output 34
4.87 Shanxi New Energy Magnesium resumes magnesium ingot production 34
4.88 Tuopu Group plans to invest no less than RMB2 billion in construction of NEV core parts production base 34
4.89 Shaanxi Weitian Tengda stops magnesium ingot production 34
4.90 Yulin Coal Technology plans to resume magnesium ingot production 34
4.91 Yongliang Magnesium and CMCC sign cooperation agreement on 1.2Mtpy Mg-alloy project 34
4.92 VT Industries to raise no more than 692 million yuan for NEV parts project 35
4.93 Shaanxi Weitian Tengda plans to resume magnesium ingot production 35
4.94 Guangdong Hongtu to raise funds of up to 2.2 billion yuan 35
4.95 Yunhai Special Metals' subsidiaries to invest over RMB4.7 billion into four Mg alloy projects 35
4.96 Dongguan BYD NEV key parts project settles down 35
4.97 Shanxi Kangmei intends to resume magnesium alloy production 35
4.98 Baode Shuntai Magnesium reduces magnesium ingot output 35
4.99 Fugu Jinchuan stops magnesium ingot production 35
5. Producers Statistics 36
5.1 Chinese magnesium ingot producers' statistics 36
5.1.1 China's magnesium ingot producers' production capacity up by 4.04% YoY in 2022 36
5.1.2 China's magnesium ingot producers' operating rate down by 6.73% YoY in 2022 36
5.1.3 China's magnesium ingot producers' output up by 16.69% YoY in 2022 36
5.1.4 China's magnesium ingot producers' average inventory up by 325.64% YoY in 2022 37
5.2 China's magnesium alloy producers' statistics 37
5.2.1 China's magnesium alloy producers' production capacity down by 2.51% YOY in 2022 37
5.2.2 China's magnesium alloy producers' operating rate up by 16.64% YoY in 2022 37
5.2.3 China's magnesium alloy producers' output up by 6.15% YoY in 2022 38
5.2.4 China's magnesium alloy producers' average inventory down by 15.94% YoY in 2022 38
5.3 China's magnesium powder producers' statistics 38
5.3.1 China's magnesium powder producers' production capacity down by 4.32% YoY in 2022 38
5.3.2 China's magnesium powder producers' operating rate down by 5.74% YoY in 2022 39
5.3.3 China's magnesium powder producers' output down by 6.31% YoY in 2022 39
5.3.4 China's magnesium powder producers' average inventory up by 5.93% YoY in 2021 39
7 Customs Statistics 40
7.1 China's magnesium ingot export volume down by 2.06% YOY in 2022 40
7.2 China's magnesium alloy export volume up by 26.86% YOY in 2022 40
7.3 China's magnesium powder export volume down by 9.42% YOY in 2022 41
8 Supply and Demand Outlook 42
8.1 Magnesium Ingot 42
8.2 Magnesium Alloy AZ91D 42
8.3 Magnesium Powder 99.9%min 42
1. Magnesium ingot industry overview 6
1.1 Definition 6
1.2 Type 6
1.2.1 By Grade 6
1.2.2 By Weight 6
1.3 Distribution 6
1.4 Application 6
1.4.1 By Grade 6
1.4.2 By Weight 7
2. Economy and Policy 7
2.1 Chinese Market 7
2.1.1 Customs Tariff Commission of State Council issues 7
2.1.2 MEE calls for orderly promotion of green and low-carbon development in 2022 7
2.1.3 MEE: Temporary control on enterprises of heavy pollution and large emission during Winter Olympics 7
2.1.4 NDRC: China's output of ten non-ferrous metals up by 5.4% YOY in 2021 7
2.1.5 MOF: China to implement larger tax and fee cuts for small businesses 7
2.1.6 GACC: total import-export value grows 13.3% YOY in Jan-Feb 7
2.1.7 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 7
2.1.8 CAAM: China's auto production and sales up by 8.8% and 7.5% YoY respectively in Jan-Feb 8
2.1.9 MEE launches six-batch of second-round central environmental inspection 8
2.1.10 Third central environmental protection inspection team reports supervision result 8
2.1.11 Five inspection teams complete onsite work for second round of environmental protection inspection 8
2.1.12 GACC: China's total I/E value up by 10.7% in Q1 8
2.1.13 GAC: China's auto exports up by 33.6% YoY in Mar 8
2.1.14 Four departments: Strengthen supply and price stability of important raw materials and primary products 8
2.1.15 MoF: China's 2022 tax rebates & cuts and fee reductions to total RMB2.5 trillion 8
2.1.16 China to halve purchase tax for some passenger cars from Jun 1 9
2.1.17 GACC: China's exports of unwrought aluminum and aluminum products up by 34.1% YoY in H1 2022 9
2.1.18 CPCA: China's new energy passenger car retail sales rise by 117.3% YoY in Jul 9
2.1.19 China's auto exports up by 60.4% YoY in Jul 9
2.1.20 China extends NEV purchase tax waiver until end of 2023 9
2.1.21 GACC: China's foreign trade value up by 10.1% YOY in Jan-Aug 2022 9
2.1.22 China extends NEV purchase tax exemption until end of 2023 9
2.1.23 IMF cuts 2023 global economic growth forecast to 2.7% 9
2.24 China sees RMB68.62 billion of new energy vehicle purchase taxes exempt by Nov 10th in 2022 9
2.25 GACC: China's foreign trade value up by 9.5% YOY in Jan-Oct 2022 9
2.26 IMF cuts 2023 global economic growth forecast to 2.7% 10
2.27 Shanghai Customs: Imports and exports up by 5.3% YOY in Jan-Oct 10
2.28 China's central bank to cut RRR by 0.25 percentage points 10
2.29 UNCTAD: Global trade value expected to reach USD32 trillion by 2022 10
2.2 International Market 10
2.2.1 China and Japan form bilateral free trade relation for first time 10
2.2.2 US resumes tariff exemption for 352 Chinese imports 10
2.2.3 U.S. starts review process for additional tariffs on China or removes additional tariffs on Chinese-origin products 10
2.2.4 IMA encourages U.S. to review magnesium dumping more often amid short squeeze 11
2.2.5 US announces final result of fifth sunset review of anti-dumping on pure magnesium 11
2.2.6 GACC: China's import and export value of foreign trade up by 8.3% YoY in Jan-May 11
2.2.7 Europe seeks to resume magnesium production by 2025 11
2.2.8 Brazil announces final decision on third expiry review of anti-dumping measures on magnesium granules from China 11
2.2.9 China further extends tariff exemptions on some U.S. imported products 11
2.2.10 U.S. launches fifth sunset review on anti-dumping investigation on pure magnesium from China 11
3. Market Movements 11
3.1 Domestic Market 11
3.1.1 Magnesium ingot 99.9%min EXW China 11
3.1.2 Magnesium Alloy AZ91D EXW China 13
3.1.3 Magnesium Powder 99.9%min EXW China 15
3.2 Export Market 16
3.2.1 Magnesium Ingot 99.9%min FOB China 16
3.2.2 Magnesium Alloy AZ91D FOB China 19
3.2.3 Magnesium Powder 99.9%min FOB China 20
3.3 International Market 21
3.3.1 Magnesium Ingot 99.9%min in Warehouse Rotterdam 21
3.3.2 Magnesium ingot in Port India 22
3.3.3 Magnesium ingot 99.9%min Warehouse Russia 24
4. Company News 24
4.1 Shanxi launches large-scale campaign to investigate and rectify hidden dangers in production safety 24
4.2 BYD's new energy auto sales up by 218.3% YOY in 2021 25
4.3 Ningde Wenda Mg-Al and CETL jointly build lightweight electric ship project 25
4.4 JAC's auto sales up by 15.63% YoY in 2021 25
4.5 GMW's auto sales up by 15% YOY in 2021 25
4.6 Geely Automobile's car sales up by 1% YOY in 2021 25
4.7 Dongfeng Honda new energy vehicle plant settles in Wuhan 25
4.8 SAIC Motor's new energy vehicle sales in 2021 up by 128.93% YOY 25
4.9 CPCA: China's NEV retail sales up by 169.1% YOY in 2021 25
4.10 Shenmu Xinqing resumes magnesium ingot production 25
4.11 Zhongjin Lingnan Nonferrous Metals Shaoguan Smelter announces bidding result for magnesium ingot 25
4.12 Wanxiang Qianchao to build world-class automotive parts innovation and intelligent manufacturing center 26
4.13 Yulin Coal Technology stops magnesium ingot production 26
4.14 Qingxu Meijiamei Metal stops magnesium powder production 26
4.15 CAAM: China's automobile output up by 1.4% YoY in Jan 26
4.16 Shanxi Kangmei Technology resumes magnesium alloy production 26
4.17 Recodeal to raise no more than RMB700 million for NEV key parts project 26
4.18 Kaizhong Precision plans to invest 500 million yuan to build phase I project of Huizhou production base 26
4.19 BYD's NEV sales reach 88,300 units in Feb 26
4.20 Yulin Wanyuan Magnesium reduces magnesium ingot output 26
4.21 Shandong Tianyuan Group magnesium alloy TSCR line achieves successful trial 26
4.22 Shanxi Pincheng Yuanshi Technology to increase magnesium alloy output 27
4.23 Western Magnesium to complete commercial pilot plant construction 27
4.24 Xinjiang Tengxiang Magnesium stops magnesium ingot production 27
4.25 Erdos Tengdali Magnesium to stop magnesium ingot production for equipment maintenance 27
4.26 Huafeng Corpration's wholly-owned subsidiary signs sales contract with BAIC Foton 27
4.27 Shanxi Kangmei Technology suspends magnesium alloy production 27
4.28 Xinjiang Tengxiang Magnesium stops magnesium ingot production 27
4.29 Anhui Baomei: Main construction of 300,000tpy magnesium-based light alloy project to be completed in August 27
4.30 Shaanxi Sanxin Group Second Plant stops magnesium ingot production for equipment maintenance 27
4.31 Xiaye Metal Material starts magnesium ingot production 28
4.32 Shanxi Kangmei Technology resumes magnesium alloy production 28
4.33 Yunhai Special Metals wins mining license for dolomite ores with RMB365 million 28
4.34 Valin Precision to raise no more than 500 million yuan for NEV parts project 28
4.35 Xinjiang Banchao Magnesium to produce magnesium ingot 28
4.36 Fugu Jujinbang Magnesium stops magnesium ingot production 28
4.37 Novelis to build integrated recycling and rolling plant in US 28
4.38 Shaanxi Sanxin reduces magnesium ingot output 28
4.39 Shaanxi Zhimei Integration Technology inaugurated in Yulin 28
4.40 Yunhai Special Metals signs cooperation agreement on casting materials for car body structural parts 29
4.41 Fugu Yabo stops magnesium ingot production for equipment maintenance 29
4.42 Fugu Wanxin decreases magnesium ingot output for equipment maintenance 29
4.43 GAC Group's new energy vehicle sales up by 118.13% YOY in May 2022 29
4.44 BYD's NEV sales up by 348.11% YoY in Jan-May 29
4.45 Fugu Jujinbang Magnesium stops magnesium ingot production 29
4.46 Shenmu Xinqing Magnesium suspends magnesium ingot production 29
4.47 Shenmu Sihai Coal resumes magnesium ingot production 29
4.48 Anhui Baomei's 300ktpy lightweight magnesium alloy project begins construction of main plant 29
4.49 Yulin Wanyuan Magnesium to reduce output of magnesium ingot for equipment maintenance 29
4.50 Fugu Haotian reduces magnesium ingot output for equipment maintenance 30
4.51 Fugu Jinchuan Hongtai First Plant stops magnesium ingot production for equipment maintenance 30
4.52 Inner Mongolia Yunsheng Magnesium stops magnesium ingot production for equipment maintenance 30
4.53 Shaanxi Tianyu Magnesium decreases magnesium ingot output for equipment maintenance 30
4.54 Tengdali Magnesium stops magnesium ingot production for equipment maintenance 30
4.55 Baode Shuntai to stop magnesium ingot production for equipment maintenance 30
4.56 Hami Shengmei decreases output of magnesium ingot for equipment maintenance 30
4.57 Hebi Meiduo to stop magnesium powder production 30
4.58 Fugu Jinchuan Hongtai First Plant stops magnesium ingot production for equipment maintenance 31
4.59 Inner Mongolia Yunsheng Magnesium stops magnesium ingot production for equipment maintenance 31
4.60 Fugu Jinchuan Hongtai increases magnesium alloy output 31
4.61 Fugu Yufeng reduces output of magnesium ingot 31
4.62 Xinxiang Jinghua suspends magnesium powder production 31
4.63 Fugu Wenzhongfeng decreases output of magnesium ingot for equipment maintenance 31
4.64 Fugu Jinchuan Hongtai Second Plant reduces magnesium ingot output for equipment maintenance 31
4.65 Shaanxi Sanxin suspends magnesium ingot production for equipment maintenance 31
4.66 Inner Mongolia Yunsheng to resume magnesium ingot production 31
4.67 Inner Mongolia Yunsheng to resume magnesium ingot production 32
4.68 Fugu Yihe reduces magnesium ingot production 32
4.69 Fugu Fangzheng decreases magnesium ingot output 32
4.70 Inner Mongolia Huihao stops magnesium ingot production for equipment maintenance 32
4.71 Fugu Yide stops magnesium ingot production 32
4.72 Shenmu Xinqing to resume magnesium ingot production 32
4.73 Xinjiang Tengxiang reduces magnesium ingot output 32
4.74 Fugu Jinchuan Magnesium reduces output of magnesium ingot for equipment maintenance 32
4.75 Norsk Hydro: Slovalco smelter to suspend primary aluminium production till late Sep 33
4.76 Fugu Yide postpones magnesium ingot resumption plan 33
4.77 Fugu Yufeng Magnesium Alloy to stop magnesium ingot for equipment maintenance 33
4.78 Huayang Company's Kaiyuan Mine suspends production 33
4.79 Fugu Jinwantong reduces magnesium ingot output 33
4.80 Chongqing BoAo put into operation Mg-Al alloy material and deep processing project (phase II) 33
4.81 Shanxi Kangmei stops magnesium alloy production 33
4.82 Baode Shuntai Magnesium to resume magnesium ingot production 33
4.83 Ningxia Sun Magnesium increases output of magnesium ingot 33
4.84 Guangdong Wencan to invest in NEV lightweight parts project 34
4.85 Jixi Tiancheng Magnesium to increase magnesium ingot production volume 34
4.86 Shenmu Dongfeng Magnesium reduces magnesium ingot output 34
4.87 Shanxi New Energy Magnesium resumes magnesium ingot production 34
4.88 Tuopu Group plans to invest no less than RMB2 billion in construction of NEV core parts production base 34
4.89 Shaanxi Weitian Tengda stops magnesium ingot production 34
4.90 Yulin Coal Technology plans to resume magnesium ingot production 34
4.91 Yongliang Magnesium and CMCC sign cooperation agreement on 1.2Mtpy Mg-alloy project 34
4.92 VT Industries to raise no more than 692 million yuan for NEV parts project 35
4.93 Shaanxi Weitian Tengda plans to resume magnesium ingot production 35
4.94 Guangdong Hongtu to raise funds of up to 2.2 billion yuan 35
4.95 Yunhai Special Metals' subsidiaries to invest over RMB4.7 billion into four Mg alloy projects 35
4.96 Dongguan BYD NEV key parts project settles down 35
4.97 Shanxi Kangmei intends to resume magnesium alloy production 35
4.98 Baode Shuntai Magnesium reduces magnesium ingot output 35
4.99 Fugu Jinchuan stops magnesium ingot production 35
5. Producers Statistics 36
5.1 Chinese magnesium ingot producers' statistics 36
5.1.1 China's magnesium ingot producers' production capacity up by 4.04% YoY in 2022 36
5.1.2 China's magnesium ingot producers' operating rate down by 6.73% YoY in 2022 36
5.1.3 China's magnesium ingot producers' output up by 16.69% YoY in 2022 36
5.1.4 China's magnesium ingot producers' average inventory up by 325.64% YoY in 2022 37
5.2 China's magnesium alloy producers' statistics 37
5.2.1 China's magnesium alloy producers' production capacity down by 2.51% YOY in 2022 37
5.2.2 China's magnesium alloy producers' operating rate up by 16.64% YoY in 2022 37
5.2.3 China's magnesium alloy producers' output up by 6.15% YoY in 2022 38
5.2.4 China's magnesium alloy producers' average inventory down by 15.94% YoY in 2022 38
5.3 China's magnesium powder producers' statistics 38
5.3.1 China's magnesium powder producers' production capacity down by 4.32% YoY in 2022 38
5.3.2 China's magnesium powder producers' operating rate down by 5.74% YoY in 2022 39
5.3.3 China's magnesium powder producers' output down by 6.31% YoY in 2022 39
5.3.4 China's magnesium powder producers' average inventory up by 5.93% YoY in 2021 39
7 Customs Statistics 40
7.1 China's magnesium ingot export volume down by 2.06% YOY in 2022 40
7.2 China's magnesium alloy export volume up by 26.86% YOY in 2022 40
7.3 China's magnesium powder export volume down by 9.42% YOY in 2022 41
8 Supply and Demand Outlook 42
8.1 Magnesium Ingot 42
8.2 Magnesium Alloy AZ91D 42
8.3 Magnesium Powder 99.9%min 42
