Insiders believe the price increase of raw materials also contributes to the price fluctuation in the magnesium market.

Chinese magnesium metal prices have rebounded following a fall earlier this week as producers raised their offer prices in response to tighter spot availability.

China’s domestic magnesium price increased sharply after authorities in Zhongwei - a key ferro-alloy production hub in Ningxia Hui Autonomous Region - issued a production cut notice due to high energy-consuming enterprises on Thursday June 3.

The new development pattern relies on the domestic market as the mainstay of the economy, while domestic and international markets support each other.

China's magnesium exports by country in April 2021.

China's magnesium exports by country in Jan-Apr 2021.

The Chinese magnesium market is widely expected to come under short-term downward pressure from ample supplies.

[Ferro-Alloys.com] South Africa's main export terminals will be closed to mineral exports from midnight on Thursday when a nationwide 21-day lockdown over coronavirus begins, disrupting copper supply from major producer Zambia.