Magnesium Ingot Price Trend Analysis

Magnesium Ingot Price Today

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Price (EXW)¥23500-23700¥23700-23800
Magnesium ingot price

Magnesium Ingot Chemical Composition

Common specifications of magnesium ingots are Mg99.5, Mg99.8%, and Mg99.9%.

Magnesium Ingot Price Trend

magnesium ingot price trend 2023 China Market

It is expected that magnesium ingot prices will mainly consolidate weakly and steadily in the near future. 

  • The demand for magnesium ingots decreased after National Day. Magnesium ingot manufacturers obtain orders at low prices in order to close deals, but end users are still mainly waiting and watching.
  • As the regular month-end purchasing period approaches, many customers are paying attention to the transaction situation this week, and both are bullish and bearish about the market outlook.

Magnesium Ingot Uses

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Mg metal manufacturer in China

Magnesium ingot is a new type of lightweight corrosion-resistant metal material with excellent properties such as low specific gravity, high strength per unit weight, and high chemical stability. It is widely used in automobile manufacturing, the light industry, the metallurgical industry, the chemical industry, the electronic industry, and the instrument manufacturing industry.

The most widely used magnesium alloy at present is magnesium-aluminum alloy, followed by magnesium-manganese alloy and magnesium-zinc-zirconium alloy. Mainly used in aviation, aerospace, transportation, chemical industry, rocket and other industrial sectors. It is the lightest metal among practical metals. The specific gravity of magnesium is about 2/3 of aluminum and 1/4 of iron. It is the lightest metal among practical metals, with high strength and high rigidity.

The Production Process of Magnesium Ingot

Select magnesium ore. China’s magnesium ore is mainly dolomite, mainly concentrated in Shaanxi, Shanxi and other places. The raw materials are crushed and screened.

Magnesium carbonate reacts to form magnesium oxide. The crushed magnesium ore is reacted with caustic soda to obtain magnesium oxide powder.

MgCO3+2NaOH→MgO+Na2CO3+H2O

Magnesium metal is produced by electrolysis. The prepared magnesium oxide powder is mixed with lithium chloride, magnesium chloride, etc., and metal magnesium is produced by electrolysis at high temperatures.

Magnesium ingot purification. The prepared metallic magnesium contains other impurities such as iron, copper, zinc, etc. Through vacuum smelting, gas purification and other technologies, impurities are removed and the purity of magnesium metal is improved.

Magnesium ingot analysis and testing. The purified magnesium ingots need to be analyzed and tested to ensure that their logistics chemical properties meet standards. Testing items mainly include chemical composition, density, hardness, vertical stretching, low-temperature cooling, etc.

Magnesium ingot forming. The magnesium ingots that pass the inspection are formed and processed. It can be made into a rectangular shape by casting, pressure forming, etc., or can be produced according to the shape required by the customer.

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