The price of magnesium in Europe has fallen over the past month, reaching a fresh 2019 low amid resumed demand but continuing oversupply.
Fastmarkets assessed the price of magnesium, in-warehouse Rotterdam, at $2,470-2,550 per tonne on Friday June 28, unchanged week on week on limited activity, but after two consecutive weeks of falls."Lately, there have been a lot of aggressive bids on tenders in the market," a Europe-based trader said. "[And] there is more production from Turkey adding fuel to the fire."In the past month, additional material from Turkey arrived in the United States, several traders...