Domestic US magnesium production will be financially competitive in the future, even without the country’s long-standing anti-dumping tariffs on Chinese imports, according to the chief executive officer of a developing producer based in California

The benchmarks set out by the European Union’s Critical Raw Materials Act (CRMA) are “not realistic” without a financial support mechanism, according to the director of a planned facility to reintroduce magnesium production to Europe

Please note Fastmarkets has corrected its assessment for MB-MG-0005 magnesium, 99.9% min, ex-whs Baltimore, US cents/lb, which was erroneously published a week early on Thursday November 9.

Fastmarkets launched a bi-weekly assessment to reflect the spot price of magnesium, ex-warehouse US on Thursday April 20.

Despite the metal being classed as “strategic” in the European Union’s proposed Critical Raw Materials Act (CRMA), questions remain about the future of magnesium supply in Europe, market participants have told Fastmarkets

Following an initial 30-day consultation period, Fastmarkets has elected to extend its market consultation regarding its proposal to launch a US magnesium metal price assessment to allow for further feedback and clarification from the industry.

Fastmarkets proposes to launch a bi-weekly magnesium metal assessment, ex-warehouse US, to provide insight and transparency to the various participants in the magnesium market.

The publication of Fastmarkets' Shanghai minor metal price assessments for Friday July 29 were delayed due to an editor error in the peer review process.

Concerns about the state of the magnesium market have persisted into 2022 after a volatile 2021 – a year in which consumers had to contend with an acute shortage of material