[SMM Magnesium Weekly Review] Magnesium prices rebounded mildly this week. Influenced by stockpiling ahead of the Labour Day holiday, trading volume in the main magnesium ingot producing regions was excellent. The daily average trading volume of magnesium ingots remained at around 1,500 mt in the early stage. The inventory pressure on magnesium ingot smelters was effectively relieved. Some magnesium ingot smelters sold magnesium ingot futures for the Labour Day holiday. Supported by low inventory, magnesium ingot prices rebounded mildly one day after the holiday. As of the time of writing, the market transaction price of 99.90% magnesium ingot in the main producing regions was 15,600 yuan/mt, up 200 yuan/mt from the beginning of the week.