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Platts reported that Chinese magnesium consumption is expected to hit a record high of 350,000 mt in 2013.
Platts reported that Chinese magnesium consumption is expected to hit a record high of 350,000 mt in 2013.
As quoted in the market report:
Looking ahead, China’s magnesium industry will be supported by a positive policy environment, including the scrapping of a 10% export tax on magnesium from January 1 this year, said Sun, adding that the government was also encouraging the use of magnesium alloy products in the transport sector.