Why are magnesium prices soaring and alarms sounding in Europe?

Why are magnesium prices soaring and alarms sounding in Europe?
Why are magnesium prices soaring and alarms sounding in Europe?

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The prices of magnesium, a key metal for industries such as automobiles and whose global production comes almost exclusively from China, have soared to more than double than a year ago due to the energy supply crisis that the Asian country is going through.

According to data from the CNMA, the Chinese non-ferruginous metals association, quoted today by the hongkons private newspaper South China Morning Post, the price of a ton of magnesium rose 230% year-on-year to an average of 42,000 yuan (6,570 USD

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magnesium prices soaring alarms sounding Europe

 
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