Recent hikes in the price of Chinese magnesium metal means that the ex-works price has broken through RMB36,000/mt (USD5,295/mt) and producers expect the price to break through RMB37,000/mt (USD5,441/mt) in the near future.
As a result there are fears of a slow-down in the magnesium metal industry and producers have recently reported fewer enquiries due to the high price.
Source: www.ferroalloys.com
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