In 2018, market conditions were unfavorable as Chinese magnesium plants had to comply with highly strict requirements on its environmental performance and accordingly magnesium producers have been experiencing great difficulty in trying to resume production. The magnesium market turned around from supply surplus in previous years to supply shortage, leading to magnesium prices going up all the way. 2018 is also a year when market players in the magnesium market felt both pleasure and worry, as producers enjoyed juicy profits but also shouldered environmental pressures, end-users had to afford high production costs but also were able to maintain stable operation, and traders struggled ahead but also enjoyedbenefits resulting from rising USD-RMB exchange rate. In 2019, in the aftermath of vigorous development in 2018, Chinese magnesium producers increased capacity, leading to oversupply in the market. With supply growing while demand shrinking, magnesium ingot prices decreased and magnesium producers felt difficulties in their operation. Since consumption in the Chinese auto market declined sharply and the steel industry fell into a plight, magnesium producers reported slim profit margins or even losses.

With an outlook into the future, how will magnesium market press ahead in 2020? In what way will prices fluctuate? In which direction will supply-demand relation go? As a global major magnesium production country, China supplies as high as 90% of magnesium in the global market. Against this background, we now sincerely invite you to join us in interpreting changes and developments on the magnesium market in order to provide valuable references for the industry.

With consistent support from our member users, Asian Metal will continue to hold the 9th Magnesium Summit 2020 in Hangzhou, Zhejiang, China, on April 16-17, 2020. Global magnesium market players including producers, traders, consumers and relevant professionals are expected to attend the summit to share information and exchange views on development trends and potential ways out for the magnesium market!

Highlights:

[Brand Advantages] Asian Metal holds the summit for 9 consecutive years.

[Authoritative Summit] The globally acknowledged summit in the magnesium industry.

[Cutting-edge themes] To guide the new ideas of development in the industry.

[High-end connections] To convey the insights and experience of opinion leaders along the industrial chain.

[In-depth exchanges] To create an opportunity of mutual in-depth communication.