Ningbo Dexin Joins 2026 National Magnesium Industry Chain Map, Boosting Sector Efficiency

[SMM Magnesium Express]According to media reports, Fugu County, the largest magnesium metal production base in China, has led or participated in the release of 17 international, national, industry, and group standards related to magnesium, achieving a leap from product output to standard output. The production capacity and output of magnesium metal in this county have been leading the country for 14 consecutive years. In 2025, it was awarded the title of "Demonstration Base for Research and Innovation of Magnesium Metal Standards". There are more than 10 standards in the research and approval stage, and more than 20 standards are in the preliminary research stage. With the continuous improvement of the standard system, Fugu's discourse power and technological leadership ability in the national magnesium industry are expected to be further enhanced.

[Magnesium ingot offers tick up slightly, but sluggish deals indicate the uptrend is unlikely to sustain] The magnesium ingot market held up well today, with suppliers holding prices firm to around 16,000 yuan/mt. However, demand remained mediocre, and purchases both in and outside China were cautious. Only small volumes of essential demand were followed, and transactions failed to pick up notably.

【SMM Magnesium Market Analysis: Loss of Blue Coal Drives Up Smelting Costs, Domestic Composite Cost of Magnesium Ingot Rises Month-on-month in June】The safety accident at a coal mine in Qinyuan at the end of May directly tightened the supply of raw coal circulation in the region, leading to a rapid surge in market coal prices.