[SMM Magnesium News] On June 11, domestic magnesium prices bottomed out and rebounded today. The mainstream quotations for spot 99.90% magnesium ingot in the Shaanxi market ranged from 16,300 to 16,400 yuan/mt, up 300 yuan/mt from the morning quotations. As magnesium prices bottomed out and rebounded, the activity of downstream inquiries increased significantly, with some on-the-sidelines end-users gradually entering the market for procurement. Magnesium ingot producers took advantage of the situation to refuse to budge on prices and push them up, driving market prices to rise steadily.