[SMM Magnesium News] On July 8, 2025, the Ministry of Industry and

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NewsFlash / Magnesium / China Approves New Industrial Standards for Magnesium Smelting, Highlighting Green Development

China Approves New Industrial Standards for Magnesium Smelting, Highlighting Green Development

Jul 18, 2025 17:10

Source:SMM

[SMM Magnesium News] On July 8, 2025, the Ministry of Industry and Information Technology officially announced the approval and release of 406 industrial standards, three of which involve magnesium: the "Technical Specification for Energy-Saving Diagnosis of Magnesium Smelters" (YS/T 1801-2025), the "Technical Specification for Energy-Saving Supervision of Magnesium Smelting Industry" (YS/T 1802-2025), and the "Technical Specification for Recycling and Treatment of Magnesium Smelting Slag" (YS/T 1804-2025). These standards were jointly formulated by the Fugu County Magnesium Industry Association, in collaboration with multiple key magnesium enterprises in Fugu, major domestic magnesium enterprises, and top research institutions, and will be fully implemented starting from February 1, 2026. The approved industrial standards fill the technical gaps in energy-saving diagnosis, supervision, and solid waste resource utilization in China's magnesium smelting sector, marking a crucial step forward for Fugu's magnesium industry on the path of green, low-carbon, and circular development. They also set a "Fugu model" for the high-quality development of the national magnesium industry.

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This week's magnesium market maintained a weak supply-demand balance, with prices moving in a narrow range. The mainstream 90% magnesium ingot price settled at RMB 16,300/ton, showing a dip-and-rebound pattern during the week as producers defended prices amid low inventories. Magnesium alloy prices ranged between RMB 17,900-18,000/ton while magnesium powder traded at RMB 17,550/ton, both tracking the downward trend of raw materials with tepid market activity. Dolomite prices remained stable with sufficient inventory at major production bases and reduced freight costs easing cost pressures. Domestic buying was mainly need-based, while export demand saw improved purchasing from Japan/Korea but continued European hesitation. The market is expected to maintain this range-bound pattern in the near term.

Jul 18, 2025 18:41

Analysis

Magnesium prices hover at the bottom, with the tug-of-war between cost line support and weak demand continuing [SMM Magnesium Morning Meeting Summary]

[SMM Magnesium Morning Meeting Summary: Magnesium Prices Hover Near the Bottom, with the Tug-of-War Between Cost Support and Weak Demand Continuing] Currently, the magnesium ingot market is fluctuating rangebound. Market supply remains low, and purchasing enthusiasm is gradually declining. Overall, under the combined influence of cost support and weak demand, it is expected that magnesium ingot prices will maintain a stable operation pattern in the short term.

Jul 18, 2025 09:25

Selected News

Heatwave Hits: Hidden Costs of Smelters Rise, Magnesium Prices Find Stronger Support at Bottom

Since July, high temperatures have swept across most parts of the country, driving electricity consumption to record highs. Additionally, amid the significant increase in energy consumption such as electricity and water use, the persistent heatwave has inevitably driven up the hidden costs of enterprises.

Jul 17, 2025 18:09

Analysis

Heatwave hits, smelters' hidden costs rise, strengthening bottom support for magnesium prices [SMM analysis]

[SMM Analysis: Heatwave Hits, Smelters' Hidden Costs Rise, Magnesium Prices Gain Stronger Bottom Support] Since July, the heatwave has swept across most parts of the country, driving electricity consumption to record highs. Additionally, while energy consumption such as electricity and water usage has surged significantly, the persistent heatwave has inevitably driven up the hidden costs of enterprises.

Jul 17, 2025 15:58

Selected News

Domestic and foreign trade transactions were sluggish, and magnesium prices dropped back slightly [SMM Spot Magnesium Ingot Report]

[SMM Spot Magnesium Ingot Report: Sluggish Trading in Both Domestic and Foreign Markets, Magnesium Prices Drop Back Slightly] SMM reported on July 16 that today's magnesium ingot quotes in the Fugu area ranged from 16,150 to 16,250 yuan/mt, down 50 yuan from the previous trading day; China's FOB prices ranged from $2,240 to $2,300/mt, down $10. With weak demand in both domestic and foreign markets and sluggish trading, magnesium prices may remain in the doldrums in the short term.

Jul 16, 2025 17:27

Selected News

The stalemate in the magnesium market continues, with strong wait-and-see sentiment [SMM Magnesium Morning Meeting Summary]

[SMM Magnesium Morning Meeting Summary: The stalemate in the magnesium market continues, with strong wait-and-see sentiment] The current magnesium ingot market is characterized by a mixed situation of bullish and bearish factors: On the one hand, as raw coal prices have ended their downward trend and begun to rebound, coupled with the stability of other raw material prices, the cost support for magnesium ingot production has strengthened; On the other hand, both supply and demand in the market are weak, with purchasing and supply enthusiasm declining simultaneously. Overall, under the combined influence of cost support and weak demand, it is expected that magnesium ingot prices will maintain a stable operation pattern in the short term.

Jul 16, 2025 09:32

Selected News

Trading was sluggish, and magnesium prices were under pressure today [SMM Spot Magnesium Ingot Report]

[SMM Spot Magnesium Ingot Bulletin: Sluggish Transactions, Magnesium Prices Under Pressure Today] SMM reported on July 15 that magnesium producers offered firm quotes today, with magnesium prices rising slightly. The market quotes for magnesium ingots in the Fugu region were 16,300 yuan/mt, with mainstream transaction prices ranging from 16,150 to 16,200 yuan/mt, down 50 yuan/mt from the previous working day. There was an increase in the availability of lower-priced goods.

Jul 15, 2025 18:09

Selected News

International Trends Focus on Upgrading Recycled Magnesium and Reconstructing Supply Chains: New Tariff Policies May Reshape Trade Patterns [SMM Survey]

[SMM Survey: International Developments Focus on Upgraded Recycled Magnesium and Supply Chain Restructuring; New Tariff Policies May Reshape Trade Landscape] This week, the global magnesium market has witnessed multi-dimensional changes: Germany's Speira Group has completed the upgrade of its magnesium recycling production line, increasing the purity of recycled magnesium to 99.2%, thereby aiding cost reduction and efficiency enhancement in Europe's new energy industry chain; Clontarf Energy has achieved a breakthrough in lithium-magnesium extraction technology, which is expected to drive the commercialization of magnesium extraction from salt lake brine; the molybdenum-magnesium mine project in Greenland has been approved, enhancing the EU's self-sufficiency rate in critical raw materials and reducing its reliance on China. Additionally, the new US-Vietnam tariff policy took effect on July 9th, reducing the benchmark tariff rate to 20%, but "transshipped" goods still face a high tariff of 40%, potentially affecting the global magnesium trade flow.

Jul 15, 2025 11:20

Selected News

Support from raw material costs weakens, magnesium prices continue to consolidate weakly [SMM Magnesium Morning Meeting Summary]

[SMM Magnesium Morning Meeting Summary: Weakened Support from Raw Material Costs, Magnesium Prices Continue to Consolidate Weakly] On July 14, the transaction price of Fugu magnesium ingot was 16,200-16,300 yuan/mt (down 50 yuan), FOB China 2,250-2,310 US dollars/mt; magnesium alloy was 17,850-17,950 yuan/mt, FOB 2,510-2,530 US dollars/mt; magnesium powder was 17,500-17,700 yuan/mt, FOB 2,400-2,460 US dollars/mt. The price of Wutai dolomite, a raw material, remained stable (1-3 material at 78 yuan/mt, 2-4 material at 128 yuan/mt), and Shaanxi 75 ferrosilicon was priced at 5,600-5,700 yuan/mt. Currently, the overall magnesium industry chain is showing weak supply and demand, and short-term prices may continue to fluctuate rangebound.

Jul 15, 2025 09:37

Selected News

Magnesium prices remained weak and stable today, with intensified market competition [SMM Spot Magnesium Ingot Report]

[SMM Spot Magnesium Ingot Report: Magnesium Prices Remain Weak and Stable Today, Market Tug-of-War Intensifies] On July 14, the mainstream quotations for magnesium ingots in the Fugu area ranged from 16,200 to 16,300 yuan/mt, down 50 yuan from the previous day; the FOB China offshore price ranged from $2,250 to $2,310/mt, down $5. The market was influenced by news, leading to a tug-of-war between longs and shorts, but actual transactions remained stable, with the pattern of weak supply and demand continuing. Magnesium prices may fluctuate rangebound in the short term, with subsequent attention to production resumptions and demand changes.

Jul 14, 2025 17:50

Selected News

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