According to SMM data, China's magnesium alloy production in November was 25,555 mt, down 1.7% MoM and 9% YoY, bringing total output in the first eleven months of 2023 up to about 286,000 mt, up 1.4% YoY.
In November, most major magnesium alloy manufacturers operated as usual according to their production plans, and there was no significant change in output. The reasons for the output slip were: 1. Overall demand weakness amid sluggish domestic economy led a magnesium alloy plant to suspend production. 2. Stricter environmental protection inspections stalled normal production plans of magnesium alloy plants. Judging from current orders received by domestic magnesium alloy companies, given that order receiving failed to improve significantly in December, magnesium alloy plants had no plan to resume production. SMM predicted that magnesium alloy production will keep dipping to 25,000 mt in December.
