How to stand up to repeated shuffles despite of severe competition?
It is necessary for Chinese magnesium industry to avoid dependence on primary products and pay more attention to developing potential domestic market through cooperation and innovation, new magnesium alloy product development and deep-processing industrialization upgrade, in order to make full preparations for entering international market with high value-added products.
Duty on magnesium ingot and alloy has been cancelled since January 1st, 2013, how did the cancellation act on the application and development of magnesium metal in overseas markets?
On January 1, 2013, Chinese abolished 10% export tariffs on magnesium and alloy being implemented from 2008. The abolition of tariffs will reduce price range between magnesium and aluminum products which will be conducive to expand the application of magnesium all over the world.
Development opportunities and challenges of magnesium industry
Producers keep utilizations at a low level and traders are faced up to challenges as demand declines and prices decrease in an unfavorable economic environment. At the same time, procurement and supply are full of uncertainties due to negative Customs policies, sharp fluctuations of exchange rate and great increase of ocean freight. Magnesium market sees development opportunities as participants can control the market maturely despite of expectations of sunset magnesium industry from sunrise one. Strategic metal industries are faced up to challenges from shrinking demand and declining prices as global economic crisis continues. However, unprecedented challenges mean opportunities at the same time. How to deal with various tests calmly and realize successful transformation are most concerned issues for insiders at present.
To promote auto light weight effectively
As the second largest auto producer in the world, China in bearing worse energy problems and environmental pollution. Hence, promoting auto light weight is the potential decision scheme to increase energy utilization in China.
To seek new economic growth points by industrial restructure
Will new material become new catalyst of economic growth? Will magnesium become the strategic choice of new economic growth points by extending domestic demand and adjusting industrial structure when Chinese magnesium industry keeps close relation with global magnesium industrial chain? Will magnesium industry develop rapidly in new energy sectors such as magnesium-base battery, electric automobile and energy storage sector?
