Since early 2020, the unexpected COVID-19 struck the global magnesium market. With the shrunken demand from automobile, iron and steel, and aerospace industries, the Chinese magnesium market witnessed oversupply in the first three quarters, resulting in continuous price decline, sustained loss, and even bankruptcy liquidation. After mid October, the market demand recovered slightly. Meanwhile, promoted by government interest-free loan, capital inflow, price increase of aluminum ingot and other factors, the prices of magnesium products started to rebound and the market regained confidence.
As the main production area of magnesium products, Chinese market covers about 85% of global magnesium supply. How will the magnesium market move on in 2021? How will the price trend go in 2021? How will the supply and demand change in 2021? How could magnesium companies seek new breakthroughs in 2021? Let us reunite in Hangzhou, Zhejiang on April 15th to 16th, 2021, to jointly embrace the 9th Magnesium Summit hosted by Asian Metal. With open dialogues and discussions on magnesium industry, insiders from all over the world will get together to collectively explore the development direction of magnesium industry!
