Monthly Magnesium Market Report May 2023

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright93% YoY in Apr 2023 9 6.Asian Metal Copyright1 GACC: China's gross imports and exports up by 5.8% YoY in Jan-Apr 3
2.1.Asian Metal Copyright5 CFA: China's Al-Mg alloy casting output up by 4.Asian Metal Copyright2 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright4 Magnesium Alloy 5 3.Asian Metal Copyright2 Magnesium Ingot 99.95%min 4
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 5
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 6
4. Company News 6
4.1 Fugu Jinwantong Magnesium stops magnesium ingot production 6
4.2 Fugu Taida Coalification stops magnesium ingot production 6
4.3 Xusheng Group launches project invested in Mexico 6
4.4 NBS: China's production of ten nonferrous metals up by 7.7% YoY in Jan-Apr 6
4.5 Latrobe Magnesium selects Malaysia for 100ktpy magnesium plant project 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright5 CFA: China's Al-Mg alloy casting output up by 4.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 8.13% MoM in May 6
5.1.Asian Metal Copyright1 Chinese Market 3 3.Asian Metal Copyright2 Chinese magnesium ingot producers' output down by 12.39% MoM in May 7
5.1.Asian Metal Copyright6 Chinese magnesium alloy AZ91D FOB China 13 .Asian Metal Copyright3 Chinese magnesium ingot producers' stocks up by 10.34% MoM in May 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright39% MoM in May 7 5.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate down by 9.25% MoM in May 7
5.2.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 13.Asian Metal Copyright2 Chinese magnesium alloy producers' output down by 13.68% MoM in May 8
5.2.Asian Metal Copyright9% YoY in 2022 12 7.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 15.03% MoM in May 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright Export Statistics 9 6.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 7.99% MoM in May 8
5.3.Asian Metal Copyright3.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 23.66% MoM in May 8
5.3.Asian Metal Copyright1.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 22.12% MoM in May 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume decreased 44.93% YoY in Apr 2023 9
6.2 China's unwrought magnesium alloy export volume declined 19.02% YoY in Apr 2023 10
6.3 China's magnesium powder and granule export volume declined 17.80% MoM in Apr 2023 10
6.4 China's magnesium scrap export volume decreased 30.90% MoM in Apr 2023 11
7. Relevant Industry News 11
7.1 BYD's NEV sales up by 92.81% YoY in Jan-Mar 11
7.2 CAAM: China's auto sales up by 82.7% YoY in Apr 12
7.3 Fugu government holds special meeting for advancing semi-coke production rectification 12
7.4 CPCA: China's passenger car retail sales up by 55.5% YoY in Apr 12
7.5 CFA: China's Al-Mg alloy casting output up by 4.9% YoY in 2022 12
7.6 Huizhou SPEED to invest 983 million yuan in construction of automotive business headquarters project 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.Asian Metal Copyright7% YoY in Apr 12 7.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 12
8.1.Asian Metal Copyright2 Magnesium Alloy 7 5.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 13
8.2 International Market 13
8.2.Asian Metal Copyright1 Chinese Market 12 8.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 13
8.2.Asian Metal Copyright99% MoM in May 8 5.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 13
8.2.Asian Metal CopyrightContents 1.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 13
8.2.Asian Metal Copyright99% MoM in May 8 5.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 13
8.2.Asian Metal Copyright2.Asian Metal Copyright5 Chinese magnesium powder 99.9%min FOB China 13
8.2.6 Chinese magnesium alloy AZ91D FOB China 13



.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 22Asian Metal Copyright