Automotive Magnesium Alloy Industry Report

Global automotive magnesium alloy industry in recent years is getting out of the shadow of the financial crisis and magnesium price skyrocketing, both production and consumption have been restored. Favorable factors such as the rapid recovery of American and Japanese automobile industry, the upgrading of product structure of China's automotive industry, international magnesium-aluminum price ratio back to less than 1.3, and the lightweight of vehicle all have provided impetus for the rebound of automotive magnesium alloy market. In 2012, the global automotive magnesium alloy consumption reached 214,000 tons, a year-on-year increase of 4.9%. During this period, China with rich magnesium resources and a huge automotive industry has become a hot spot for investments in the industry. After 2008, affected by the increased tax rate of magnesium alloy exports as well as the rapid development of automobile industry, China's automotive magnesium alloy industry showed contrarian

Original Post Global and China Automotive Magnesium Alloy Industry Report, 2012 - 2015