[SMM Magnesium Flash News] On May 22, the domestic magnesium price stopped falling and stabilized. The mainstream quotations for 99.90% magnesium ingot in the Fugu region were in the range of 17,150-17,250 yuan/mt, with transaction prices hovering around 17,100 yuan/mt, basically flat compared to yesterday. Today, the magnesium price stopped falling and stabilized, with factory quotations showing an upward trend. According to factories, as magnesium prices slowly declined over the past two days, transactions of low-priced magnesium ingots increased in the market. Supported by low inventory levels, magnesium prices stopped falling and stabilized. Considering that magnesium prices had already stopped falling before the holiday and downstream restocking was nearing completion, the upward momentum for magnesium prices in the future is limited. It is expected that magnesium prices will maintain a slight consolidation trend in the near future. SMM will continue to monitor subsequent transaction situations.