Global magnesium production capacity and output are declining, and China's magnesium products are exported to Europe at a high rate

According to Baowu Magnesium's announcement, the global primary magnesium production capacity in 2023 will be 1.63 million tons, and the output will be 1 million tons, a year-on-year decrease of 9.9%. Global magnesium consumption is about 1.05 million tons, a year-on-year decrease of 8.7%. my country's primary magnesium production capacity is 1.36 million tons, and the output is 822,400 tons, a year-on-year decrease of 11.9%. The number of Chinese magnesium ingots exported to Europe accounts for as high as 39%.