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

In mid-to-late August, as the traditional industry peak season officially kicks off, the fundamentals of China’s full manganese compound industrial chain have achieved marginal improvement. The prolonged weak and volatile market trend during the off-season has come to an end. The overall sector has stepped out of its sluggish pattern and entered a stage of bottom consolidation, stabilization and gradual recovery.

[SMM Magnesium Weekly Review: Upstream Holds Back from Selling, Downstream Waits, Magnesium Ingot Slowly Declines Amid Game] Magnesium prices were in the doldrums this week. As of press time, mainstream quotations for 99.90% magnesium ingot in the main producing areas stood at 15,800-15,900 yuan/mt, down 100 yuan/mt WoW. Magnesium series products showed a divergent pattern this week. Dolomite prices were stable; the core mine in Wutai remained halted, pushing smelters to source from elsewhere, with ample supply from multiple channels and firm prices. Magnesium ingot saw a stepped decline, with fierce competition between upstream holding back from selling and downstream waiting. Inventory buildup pressure combined with maintenance and production resumptions led to ample spot cargo, and smelters lowered prices to facilitate transactions, but cost support limited the decline. The foreign trade market was in the doldrums, with a likely phased recovery at month-end as delivery demand is released. Magnesium powder transaction center shifted slightly lower, with both domestic demand and exports weak, moving in line with magnesium ingot. Magnesium alloy consolidated on a strong note along with magnesium ingot, but processing fees remained under pressure amid weak supply and demand. Overall, the magnesium series market is still expected to consolidate on a weak note in the short term, with cost support and weak demand forming the core game.

[SMM Magnesium Survey: Panther Metals Achieves 38% Magnesium Recovery at Dotted Lake Project, Adding Potential New Supply Source for North American Critical Minerals] Panther Metals achieved a cumulative magnesium recovery of approximately 38% in the first phase of metallurgical testing at the Dotted Lake project in Ontario, Canada, using Extrakt's patented leaching technology, and confirmed that the ore body is rich in critical minerals such as nickel and cobalt. The project has moved from pure geological exploration to a potential strategic supply source, in line with North American critical minerals localization policy direction, but further technical and economic studies are needed before commercialization can proceed.