Magnesium Industry Studies
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Life Cycle Assessment of Magnesium Components in Vehicle Construction
May 14, 2013

This report presents the results of the study "Life cycle Assessment of Magnesium in Vehicle Construction" which has been initiated by the International Magnesium Association (IMA). The study analyses the entire life cycle of magnesium components for transport applications. This includes the production of primary magnesium, alloying, component production, use phase and the end-of-life of magnesium components. Focus of the study is the use of magnesium in passenger vehicles. Additionally, the life cycle of magnesium for the use as aircraft component has been evaluated.

The Global Mg Industry in 2011
May 21, 2014 - Annual Conference Presentation

Summary

  • 2011 demand of 693 kt up 10% yoy
  • 2011 supply of 733 kt up 15% yoy
  • Previous 5 yr demand growth of 4.9% pa and 6.1% over past 10yrs
  • Chinese production estimated at 607 kt or (83%) of total primary supply in 2011.
  • Production from Shaanxi up from 35% to 46% of Chinese total.
  • Utilisation of 43% of Chinese active capacity (1.4 million tonnes) to produce 0.6 million tonnes in 2011.
  • 190kt of new capacity now under construction in China.
  • Mg uptake in China and EU enhanced by a competitive price ratio to Al. Not so in the USA, due to a relatively high Mg price.
  • Forecast demand growth of 6.6% pa to 950 kt over the next 5 and to 1,370 kt over 10 years (7.1% pa).
  • The emergence of new capacity outside China to provide security-of-supply.

Global Magnesium Industry Update
Issue 3, September 2010

2009 was a difficult year for the global magnesium Industry, due to the fall in demand following the global financial crisis (GFC). However, through the first half of 2010 the industry has shown the early signs of recovery; prices have stabilised over the last 12 months, inventory levels are falling and global production is resuming.

From the demand perspective, magnesium remains an attractive lightweight material for the die-casting industry, specifically for an automotive industry seeking to meet climate change policy objectives. Future magnesium demand growth is forecast to be strong, especially in China where the magnesium to aluminium price ratio remains attractive.

Global Magnesium Industry Update
Issue 2, December 2009

The global primary Mg industry has undergone a difficult six months, with almost the entire industry rendered unprofitable at current prices. But perhaps the early signs of recovery are beginning to emerge; prices are showing signs of stabilizing and inventory levels through China's supply chain are starting to fall.

However, the industry continues to suffer from chronic over-capacity in China, which is likely to cap the increase of any recovery in prices, despite mounting cost pressures on Chinese producers.

Global Magnesium Industry Update
Issue 1, November 2008

We believe the short-term outlook for primary magnesium remains subdued, although we acknowledge the potential for another significant price 'spike', given the likely minimal changes to supply base demographics over the coming year. Primary production costs in China are likely to fall, as key input prices such as ferro-silicon (FeSi) and coal, come off their recent highs.

As has been the case with virtually all commodity metals over the past few months, sentiment (and therefore prices) is not necessarily linked to industry fundamentals. Volatility is likely to remain a feature of primary magnesium prices so long as credit industry problems continue to pervade markets.

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