[SMM Magnesium Morning Meeting Summary: Magnesium Prices Remain High and Stable, Significant Divergence Between Domestic and Foreign Markets] Magnesium industry chain varieties are stable with a slight upward bias, the supply-demand tight balance continues, raw material support is robust, and the divergence between domestic and foreign trade is evident.

[Chalco Science Institute Overcomes Aerospace-Grade Casting Challenges, Yi'an Technology Collaborates with Tailg to Accelerate Commercialization] Recently, the magnesium alloy sector has witnessed successive breakthroughs. Chalco Science Research Institute Co., Ltd. has achieved technological advancements in the preparation of high-performance magnesium alloy materials and parts, while Dongguan Yi'an Technology Co., Ltd. has established a strategic partnership with Tailg Group. These two achievements respectively promote the application expansion of magnesium alloys in high-end equipment and civilian transportation, injecting new momentum into the high-quality development of the industry.

[SMM Magnesium Weekly Review: Supply-Demand Pattern Shift Drives Prices Higher, Cost and Sentiment Resonance Leads to High-Level Fluctuations] This week, the magnesium market overall showed characteristics of sharply rising prices and a differentiated supply-demand structure. Raw material side, shutdowns at leading dolomite producers in Wutai area tightened supply of high-quality material, while primary magnesium enterprises' operating rates remained higher than previous years, pushing the dolomite market toward a tight balance. Transaction prices for 99.90% magnesium ingot in major producing regions climbed significantly to 16,800 yuan/mt, up 1,100 yuan WoW, primarily driven by tight spot supply, producers holding prices firm, and sentiment from the non-ferrous metals sector, creating a temporary undersupply situation. FOB export quotes followed the increase to $2,360-2,440/mt, but new overseas orders were scarce, with limited actual transactions. Magnesium powder and magnesium alloy prices also strengthened due to cost push; magnesium alloy, in particular, saw continuously rising processing fees due to orders scheduled into February next year and tight spot supply. Overall, the current price increase is driven by multiple factors including supply structure, costs, and sentiment, but strong downstream wait-and-see sentiment and limited actual demand support may test the sustainability of the market's high-level fluctuations.

[ SMM survey: Regulatory upgrades reshape magnesium export landscape, UAE enters the fray to expand global supply chain ] With the full implementation of new regulations linking China's customs and tax systems for verification, gray operations such as forging or purchasing customs clearance documents from other import and export firms have been completely phased out. China's magnesium export market is moving towards a more standardized and orderly development phase. Meanwhile, the UAE has launched its first magnesium metal production project, aiming to establish a regional supply chain using local raw materials and technology to reduce external dependence. This reflects an accelerating trend toward diversification in the global magnesium supply chain. Under dual domestic and overseas shifts, the magnesium market will face stricter compliance requirements and a more complex global competitive landscape in 2026.

[SMM Magnesium Morning Session Summary: Magnesium Market Prices Generally Strengthen, Sustainability of Sentiment-Driven Rally Remains to Be Seen] January 6, the price of dolomite, a raw material for magnesium, remained stable, while ferrosilicon prices held steady due to cost support. Magnesium ingot prices rose significantly, with Fugu transaction prices raised to 16,000-16,100 yuan/mt, primarily driven by market sentiment and rigid demand stockpiling. However, with inventory accumulation on the supply side and high operating rates, the room for further short-term increases is expected to be limited. Magnesium alloy prices continued to show strength, as rising costs of both magnesium ingot and aluminum pushed up expenses, with the tight supply-demand situation persisting. The magnesium powder market saw steady trading, with enterprises actively stockpiling and purchase willingness strengthening; prices are expected to remain stable under cost support. Overall, the current magnesium market is clearly boosted by sentiment, but attention is needed on fundamental support and sustainability.

[SMM Magnesium Morning Meeting Summary: Magnesium Industry Chain Supply-Demand Pattern Improves, Magnesium Ingot and Alloy Prices Expected to Hold Up Well in the Short Term] Magnesium ingot and magnesium alloy prices rise, supported by supply and demand in the short term, while ferrosilicon, magnesium powder, and dolomite prices remain stable.

[2025 Magnesium Market Sees Uneven Performance, Magnesium Ingot Under Pressure Coexists with Magnesium Alloy Shortage; Can Downstream Boom in 2026 Lead Entire Industry Chain to Stage a Comeback?] In 2025, the domestic magnesium industry exhibited a pronounced polarization trend. Upstream magnesium ingot was mired in oversupply and sluggishness, while downstream magnesium alloy experienced a surge in demand starting from September, quickly shifting to undersupply. Looking ahead to 2026, the resonance between magnesium alloy capacity expansion and demand growth is expected to gradually release its boosting effect on primary magnesium, potentially leveraging a reversal in the supply-demand balance across the entire industry chain.

[SMM Magnesium Weekly Review: Magnesium Market Held Up Well This Week] This week, the magnesium market exhibited a clear divergence pattern. On the raw material front, dolomite prices remained stable, with steady supply and solid demand support. The magnesium ingot market fluctuated rangebound, experiencing a brief rebound at the beginning of the week due to news of procurement and storage, but it returned to a downtrend as downstream follow-up was insufficient. Amid the pattern of strong supply and weak demand, the market remained under pressure.

Although the high-purity manganese sulphate market remained in a surplus pattern throughout 2025, the surplus margin narrowed significantly compared to previous years, and the industry's supply-demand pattern continued to optimize......

[SMM Magnesium Morning Meeting Summary: Price Stabilization Strategy Dominates, Firm Trend Continued Today] Today, prices across various segments of the magnesium industry chain remained largely stable. Dolomite demand provided relatively strong support, while ferrosilicon struggled to rise. Magnesium ingot prices are expected to stabilize. Magnesium alloys faced undersupply, but the implementation of new prices was slow. Magnesium powder remained steady.