Weekly Magnesium Output Drops 1.8% to 23,576 Tons, Operating Rate at 77.4%

[SMM Weekly Magnesium Production Flash Report] This week, the inventory of manufacturers decreased by 5.02% compared to the previous week. Affected by inventory pressure and financial pressure, magnesium ingot smelting manufacturers showed significantly increased enthusiasm for shipments this week. Terminal manufacturers and traders replenished their stocks at low prices, leading to a slight recovery in market transactions. Supported by the transactions, the inventory of some manufacturers decreased significantly, and the overall inventory of manufacturers showed a downward trend.

[SMM Magnesium Express] At the recent Turkmen-Chinese business forum in Ashgabat, China's Shaanxi Yulin Energy Group proposed establishing a magnesium alloy production project in Turkmenistan. The project aims to combine Turkmenistan's raw material base with the company's technological expertise to create new production capacity and expand bilateral cooperation in resource processing and industrial development.