[SMM Magnesium Flash News] Affected by factors such as tight spot supply and rising costs, magnesium producers' quotations have been rising steadily today. As of the time of this report, magnesium producers' quotations in the main producing areas have been adjusted upward to 16,700-16,800 yuan/mt, with the average magnesium price for the day increasing by 250 yuan/mt. According to SMM, the center of magnesium price transactions today was at 16,500 yuan/mt, with a small volume of transactions at 16,600 yuan/mt in a few large producers. No transactions have been reported at higher prices yet. SMM is closely monitoring the magnesium market transactions in the main producing areas.