Looking back to 2022, it was a year of challenge for magnesium industry, and also a harsh year for magnesium participants under the epidemic. After experiencing the market boom of the previous year, more plants increased their operating rate and are bullish on stocks under the policy of upgrading for semi coke furnace. The supply of magnesium in the market reached a high level in recent years. However, under the pressure of the energy crisis and the economic downturn, the domestic and foreign steel mills are in great distress, the demand of the die casting industry weakens, the promotion of the application of magnesium products is frustrated, and downstream users are lack of confidence. Under the pressure of oversupply state, the price of magnesium ingot dropped from RMB50,000/t (USD7,352/t) at the beginning of the year to RMB21,500/t (USD3,161/t) in late 2022, and the magnesium plants struggled to maintain in the price inversion.
How will the magnesium market move ahead in 2023? How will the price fluctuate in 2023? How will the supply and demand change in 2023? How will magnesium companies seek new breakthroughs in 2023? Let us reunite in Zhuhai, Guangdong on April 20-21, 2023, to jointly embrace the 11th 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!
With the 1st summit hosted by Asian Metal in 2012, the annual Magnesium Summit has been recognized by all insiders as the “No. 1 Summit” in magnesium industry, the summit has been successfully held for 10 years in Xi’an, Hangzhou, Nanjing, Chengdu, Xiamen, Kunming, Sanya, Zhuhai and Hangzhou. The past honor is history, new glory lies in front of us. Let us welcome the coming 11th gathering to jointly write a new chapter and start a new journey.
Meeting highlights
【Brand advantage】 10 consecutive years hosted by Asian Metal, get together periodically for friends from all over the world
【Authoritative summit】 The authoritative summit that widely acknowledged globally
【Cutting-edge topics】 Leading the topic discussion regarding industry development new idea
【Top-level participants】Conveying views and experiences of industrial chain KOLs
【In-depth communication】 Providing various opportunities for side to side and communication in depth
