China's magnesium resources rule 95 per cent of the global market, with prices rising seven times in a year

China is the main exporter of magnesium metal, the proportion of the global market is 95%. 2021, Chinese magnesium companies because of the factors of the epidemic, the production was affected, resulting in September of the same year, the export volume decreased by 23.3%, the international magnesium products in this month the price mentioned the peak, almost 7 times in 2020.

The total amount of magnesium products exported from China in 2021 was 477,800 tonnes, an increase of 21.3% year-on-year. Exported magnesium products mainly include magnesium ingots, magnesium alloys and magnesium powder, of which the proportion of magnesium ingots is the highest, and the proportion of exported magnesium products in 2021 is 58.87%.

In the first quarter of 2022, the total export of magnesium products in China reached 129,000 tonnes, an increase of 10.4% year-on-year; the average price was RMB 43,341 per tonne, an increase of 189.8% year-on-year. From the data, China's magnesium products are indeed becoming more palatable.

Chinese magnesium products have great influence in the world, but its price fluctuates a lot.