MAGNESIUM SNAPSHOT: Critically low stock levels send price up 13% in Europe

May 08, 2021 / www.metalbulletin.com / Article Link

Key data from Fastmarkets' Friday May 7 pricing sessions in Europe.


Key drivers 

Market participants reported very limited inventories in Europe for prompt availability. Consumers in the aluminium sector, where magnesium is used an alloy, have been looking for material over the last weeks, but the majority of traders did not have material at hand to supply their usual consumers. Stocks in Rotterdam have decreased on high freight rates and container shortages that are limiting units arriving...

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