China has nearly a complete monopoly on magnesium, which is used to strengthen aluminium alloys – a key raw material in auto production. Photo: Xinhua
China has nearly a complete monopoly on magnesium, which is used to strengthen aluminium alloys – a key raw material in auto production. Photo: Xinhua

China’s power crisis sends magnesium prices skyward, choking supply chain and leaving Europe desperate

  • Global automotive industry depends on magnesium, but China has nearly a complete monopoly on the industry, producing 87 per cent of the world’s supply
  • Magnesium production is power-intensive and emits five times more carbon pollutants than steel production, meaning some smelting plants may be shut down for several months

China has nearly a complete monopoly on magnesium, which is used to strengthen aluminium alloys – a key raw material in auto production. Photo: Xinhua
China has nearly a complete monopoly on magnesium, which is used to strengthen aluminium alloys – a key raw material in auto production. Photo: Xinhua
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