Chinese magnesium producers raise prices

Chinese magnesium producers raised prices of the light metal on Monday in a joint effort to curb losses which widened following higher taxes on surface coal and coke powders.

Producers in China’s Shanxi and Shaanxi provinces jointly raised their ex-works magnesium prices without acid pickling treatment to a minimum of 16,500 yuan ($2,599) per tonne on cash payment basis, and to 17,000 yuan per tonne...

Published

Metal LX

March 19, 2012

10:39 GMT

Shanghai