Magnesium prices fluctuated rangebound at highs this week. As of the time of reporting, the mainstream quotations for 99.90% magnesium ingot in the main producing regions stood at RMB 17,300-17,400/mt today, up by RMB 100/mt from last Friday.

[SMM Report: Guangxi Huaxi Group Co., Ltd. Launches Public Tender for 15 mt of Refined Indium] SMM News on February 28: According to official information obtained by SMM, Guangxi Huaxi Group Co., Ltd., in line with its production and operation plans, will sell a batch of indium ingots from the inventory of Laibin Huaxi Smelting Co., Ltd., with the quantity being approximately 15 mt (the quantity is an estimate, and the final sales quantity will be based on the quantity specified in the contract signed by buyers and sellers). The reception location for the sealed quotation letters for this tender project is the Tender Room on the first floor of the annex building on the north side of Huaxi Building, No. 9 Guizhong Avenue, Liuzhou City, Guangxi (approximately 100 meters to the right front of the entrance to the Huaxi Building parking lot). The product quality conforms to the standard of In99995 specified in YS/T257-2009, with a total quantity of approximately 15,000 kg. The quotation period is from 8:00 to 9:00 on February 29, 2024, and late submissions will be deemed as automatic forfeiture.