A brief overview of magnesium price developments, supply and demand, and significant market movers.
Magnesium prices are down slightly from last month, and traded in the range of $1.98 to $2.18 per pound on July 24.
A slowdown in coking coal plants has resulted in a lack of the waste gas that China needs in order to produce magnesium. As a result, Chinese primary magnesium production fell to 321,8000 for the first half of 2012, an 8.5 percent drop from the same period last year, according to Metal-Pages.
Karnalyte Resources (TSX:KRN) announced that it plans to start building a 100,000 tonne-per-year magnesium co-products plant in Saskatchewan, Canada. “The magnesium products plant would be able to produce MgCl2 at about $6.32/t of brine at 32% concentration and $319/t of hydromagnesite. The plant is expected to produce about 7.6-million tons of MgCl2 during the course of the carnallite mine’s expected 60-year life,” according to Mining Weekly.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1774.96 | +1.14 | |
Silver | 19.90 | +0.01 | |
Copper | 3.55 | +0.07 | |
Palladium | 2124.59 | +12.40 | |
Platinum | 936.51 | +2.50 | |
Oil | 88.53 | -0.01 | |
Heating Oil | 3.20 | -0.13 | |
Natural Gas | 8.01 | -0.12 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Critical Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.