Western Magnesium Relocates to Vegas for Clean Magnesium Demo Line, Targets Six-Month Commissioning

[SMM Magnesium Weekly Review: Magnesium Market Held Up Well After Holiday, Raw Material Divergence Tightened Supply, Domestic and Foreign Trade Game Intensified] This week, the magnesium industry chain overall showed a pattern of holding up well, with prices of various varieties rising slightly. Raw material side, dolomite market was stable with some increases; top-tier enterprises in Wutai area continued to halt production, but other production areas promptly filled the gap, keeping overall supply stable. It is expected that as holiday ended and logistics costs pulled back, subsequent delivery-to-factory prices will see a slight decrease. Magnesium ingot market held up well, with offers in main production areas raised to 16,600 yuan/mt; supply side had strong reluctance to sell, combined with sufficient pre-holiday presales, leading to tight spot circulation. Domestic trade restocking for rigid demand supported transactions, while foreign trade inquiries were active but actual orders were cautious, with FOB offers rising to $2,400-2,450/mt. Magnesium powder market operated steadily, supported by raw materials, prices rose slightly, mainly executing previous orders; foreign trade expects new orders to be placed gradually, while domestic trade procurement mostly plans to start in March. Magnesium alloy market benchmark price held up well, processing fee remained stable and firm, enterprises mainly focused on scheduled production, and the tight supply-demand balance pattern continued. Overall, post-holiday magnesium market is in an adjustment phase, structural contraction on the supply side supports prices, the game between domestic and foreign trade intensifies, and subsequent attention should be paid to the pace of European inventory digestion and changes in ocean freight rates.

The after-tax unit price for Guangdong Xianglu Tungsten's long-term contracts in the second half of February 2026 is as follows: The unit price for black tungsten concentrate with a grade above 55% was 730,000 yuan per metric ton, up 39,000 yuan per metric ton MoM.

[SMM Titanium Express] Shandong Xianghai Titanium Resources Technology issued a price adjustment notice. Based on recent market conditions, effective February 26, chloride-process TiO₂ prices will increase by RMB 500/ton for domestic market and USD 100/ton for overseas market.