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January's Lackluster Magnesium Market: What Lies Ahead After the Holidays?

In January, the average monthly price of 9990 magnesium ingots in the main producing areas was 20,190 yuan per ton, down 1.2% month-on-month. Looking back at January: At the beginning of the month, bearish sentiment still prevailed in the magnesium market, with prices continuing their downward trend from the previous year, falling to 20,100 yuan per ton, once again approaching the cost margin, leading to an increase in the willingness of magnesium plants to support prices; In mid-Jan, pre-spring...
Spring Festival Market Forecast Market Review Macro Economy Import Export Smm Price
Source: metal.com

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Indonesia's Ban on Bauxite Exports Leads to Negative Effects, Surplus Bauxite Difficult to Consume

The implementation of Indonesia's ban on bauxite exports since June last year has led to bauxite surplus, brought challenges to consume domestically as the Indonesia's alumina plants have limited capacity. Ronald Sulistyanto, Chairman of the Indonesian Bauxite and Iron Ore Entrepreneurs Association (Asosiasi Pengusaha Bauksit dan Bijih Besi Indonesia - APB3I), highlighted the struggle to secure external investment for alumina plant projects, while some entrepreneurs are forced to cut ...
Indonesia General Kalimantan Barat West Kalimantan Sumatera Utara Sukses Sejahtera Kalbar Bumi Perkasa
Source: metal.com

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