china supplies around 85 of the worlds magnesium a key element in aluminium alloys used to make auto partschinas magnesium exports in october rose almost 44 from september to their highest level in 19 months customs data showed soothing fears of tight supply of the metal as production recovers china supplies around 85 of the worlds magnesium a key element in aluminium alloys used to make auto parts its production which is heavily concentrated in the northwestern province of shaanxi fell sharply in september amid curbs on power use by energyintensive industries that sent prices to record highs and led to warnings of looming shortages in europe advt exports of highpurity unwrought magnesium from china totalled 24329 tonnes last month data released by the general administration of customs on sunday showed that was up from an 11month low of 16921 tonnes in september and marked the highest monthly total since 38319 tonnes was exported in march 2020 when china was clearing a backlog of commodity shipments after the coronavirus outbreak the biggest export destinations for chinese magnesium in october were the netherlands on 8652 tonnes and japan on 2892 tonnes a breakdown of the customs data showed spot magnesium prices in china as assessed by asian metal are currently at 36000 yuan 5642 per tonne having fallen almost 43 from a record high of 63000 yuan per tonne in late september as the power crunched began to ease and production was restoredalso readas china cuts magnesium production global manufacturers rue dependence on country for suppliesthe metal is an essential raw material for aluminium alloys which are used in car parts such as gearboxes steering columns and fuel tank covers it is also widely used in steel production to help remove sulphursee more details reuters published on nov 23 2021 at 0357 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app metal demand magnesium auto part metal aluminium alloys china exports homenewsauto componentschina oct magnesium exports rebound to 19month high