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.
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:quality(80)/images.vogel.de/vogelonline/bdb/1688900/1688965/original.jpg "Despite the Corona crisis, many companies are still able to deliver and continue to offer their services.")
/cdn4.vogel.de/infinity/white.jpg "Despite the Corona crisis, many companies are still able to deliver and continue to offer their services.")
:quality(80)/images.vogel.de/vogelonline/bdb/1693900/1693959/original.jpg "Disruptions in supply chains are particularly prevalent in Italy, Germany, China, France and the USA.")
:quality(80)/images.vogel.de/vogelonline/bdb/1692300/1692344/original.jpg "This is how the new building in Alsdorf near Aachen, Germany looks like.")
: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.")
:quality(80)/images.vogel.de/vogelonline/bdb/1690400/1690425/original.jpg "Porosity is inherent to the properties of the material and technology.")
:quality(80)/images.vogel.de/vogelonline/bdb/1692100/1692112/original.jpg "The features of the new app include chat, photo and video functions.")
: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.")
:quality(80)/images.vogel.de/vogelonline/bdb/1692700/1692710/original.jpg "50 % of those companies surveyed consider logistics in particular to be a burden on their own production, 46 % report a shortage of incoming orders and for around 44 % increased sick leave is hampering production.")
:quality(80)/images.vogel.de/vogelonline/bdb/1683400/1683473/original.jpg "AM offers numerous advantages over casting. However, even the fastest additive manufacturing process cannot (yet) keep up with the process speeds of die casting. Thus, AM represents an interesting extension rather than a competitor for foundries.")
:quality(80)/images.vogel.de/vogelonline/bdb/1680000/1680029/original.jpg "Cracks, impact points, blowholes and defects such as porosity are generally difficult to define.")
/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.")
