Magnesium price surges on market optimism

Chinese magnesium prices have maintained an uptrend since August 11th due to strong bullish sentiment in the market, sources told Fastmarkets on Tuesday August 29.

Fastmarkets’ weekly price assessment for magnesium 99.9%, exw China, was 22,600-22,800 yuan ($3,102-3,130) per tonne on Friday August 25, up by 800 yuan per tonne from 21,800-22,000 yuan per tonne...