Tianyu Mineral Industrial Group Predicts 2014 Magnesium Output

Platts reported that China’s Tianyu Mineral Industrial Group hopes to produce 40,000 to 50,000 metric tons (MT) of magnesium this year.

As quoted in the market news:

‘We can now produce about 100 mt/day of magnesium ingot, adding up to around 3,000 mt/month,’ [a company official] said. ‘Our goal is to produce around 40,000 mt this year, hoping to achieve the best result at 50,000 mt [if the market goes well].’

He said the company was still finalizing its magnesium ingot output level for 2013, but added that this year’s target is higher than actual output last year.

Click here to read the full Platts report.