[SMM Magnesium Flash News] Today, the magnesium market held up well. Affected by tight spot supply and rising costs, magnesium ingot producers held back their stocks and refused to budge on prices, with reluctance to budge on prices gradually intensifying. In the morning, magnesium ingot producers in the main producing areas maintained their offers at 16,200 yuan/mt. As the delivery deadline approached, some downstream customers gradually entered the market for purchases. Supported by demand, the current offers of magnesium ingot producers in the main producing areas have generally risen to 16,300 yuan/mt.