SMM data showed that China's magnesium powder production in November was 5,709 mt, up 23.5% MoM, bringing total output in the first eleven months of 2023 up to 59,000 mt.
In November, output of a magnesium powder maker increased suddenly, as the maker renovated its old production line in October and increased its capacity to 2,000 mt. In addition, a large rise in orders also explained for the output hike in November. The person in charge of a large magnesium powder enterprise said that poor profits of steel mills amid domestic economic downturn made downstream magnesium powder buyers prudent. There were still some magnesium plants’ production cuts caused by security inspection issues. The overall operation rate of magnesium powder remained low. SMM expected domestic magnesium powder production may decrease to 5,000 mt in December.
