Price development of magnesium: The global demand for magnesium is expected to reach a CAGR of only 3.4 % to 1.2 million tons by 2020. The trend towards lightweight construction in the automotive and aerospace industries, including die casting, as well as the use of aluminium alloys are the main drivers. The average growth rate for the die casting segment and aluminium alloys is 4 %. China currently accounts for around 80 to 85 % of global production capacity and probably also for production. China's production capacity exceeds demand considerably. Some of the smaller suppliers are likely to withdraw from the market in the medium-term. The experts therefore do not see any further growth potential for the magnesium price until the end of the first quarter of 2018 and expect it to rise by $ 2,200 per ton with a margin of $ 300 per ton.
(Picture: see picture)
11/12 Back to the Article
:quality(80)/images.vogel.de/vogelonline/bdb/1674400/1674413/original.jpg "The consequences of the coronavirus on the light metal industry are not yet fully foreseeable.")
/cdn4.vogel.de/infinity/white.jpg "The consequences of the coronavirus on the light metal industry are not yet fully foreseeable.")
:quality(80)/images.vogel.de/vogelonline/bdb/1717800/1717812/original.jpg "\"The aluminum industry – like all industrial sectors – is still facing a testing future in the short term, but there should be cause for optimism.\"")
:quality(80)/images.vogel.de/vogelonline/bdb/1716400/1716414/original.jpg "While the vast majority of mechanical engineering companies is confident that in the medium term they will return to the nominal sales level of 2019, the order situation in this sector remains very tight.")
:quality(80)/images.vogel.de/vogelonline/bdb/1712600/1712615/original.jpg "Constellium will continue to supply its proprietary aluminum-lithium alloy solutions.")
:quality(80)/images.vogel.de/vogelonline/bdb/1717900/1717959/original.jpg "This picture shows the numerical simulation of the overall structure for resonance determination.")
:quality(80)/images.vogel.de/vogelonline/bdb/1718100/1718152/original.jpg "The new Lasertec 3D hybrid series combines additive manufacturing using a powder nozzle and 5-axis simultaneous milling in one work area.")
:quality(80)/images.vogel.de/vogelonline/bdb/1717500/1717595/original.jpg "There are three types of welding cells to choose from, with the difference lying in the design of the rotary positioners that pick up the components and swivel them into the welding cell.")
:quality(80)/images.vogel.de/vogelonline/bdb/1717000/1717001/original.jpg "Tools for the aluminum die casting during the diamond deposition.")
:quality(80)/images.vogel.de/vogelonline/bdb/1718700/1718761/original.jpg "The necessity of a corporate strategy is still questioned in many companies.")
:quality(80)/images.vogel.de/vogelonline/bdb/1719700/1719719/original.jpg "The Supplier of the Year, Overdrive and Innovation award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives.")
:quality(80)/images.vogel.de/vogelonline/bdb/1717600/1717651/original.jpg "For use at high-temperature workplaces, workers need heat protection clothing that can withstand radiant heat of up to 1,000 °C.")
:quality(80)/images.vogel.de/vogelonline/bdb/1708700/1708753/original.jpg "The next EUROGUSS Mexico will take place from May 4th to 6th 2021 at Expo Guadalajara, Mexico.")
:quality(80)/images.vogel.de/vogelonline/bdb/1689700/1689720/original.jpg "Scientific studies are being carried out to create innovation of new materials of lower cost with optimal properties for the HPDC industry.")
:quality(80)/images.vogel.de/vogelonline/bdb/1682600/1682666/original.jpg "In the thermally relevant tool segments, the temperature control must be individual, efficiently controllable and possibly variable in time.")
/cdn4.vogel.de/infinity/white.jpg "Price development of magnesium: The global demand for magnesium is expected to reach a CAGR of only 3.4 % to 1.2 million tons by 2020. The trend towards lightweight construction in the automotive and aerospace industries, including die casting, as well as the use of aluminium alloys are the main drivers. The average growth rate for the die casting segment and aluminium alloys is 4 %. China currently accounts for around 80 to 85 % of global production capacity and probably also for production. China's production capacity exceeds demand considerably. Some of the smaller suppliers are likely to withdraw from the market in the medium-term. The experts therefore do not see any further growth potential for the magnesium price until the end of the first quarter of 2018 and expect it to rise by $ 2,200 per ton with a margin of $ 300 per ton.")
