MagMin2014: Refractory vertical integration questioned in light of weak magnesia market
Published: Tuesday, 03 June 2014
Global refractory producers have invested billions of dollars in developing their own mines as captive sources of magnesite and other raw materials; however, panellists at the MagMin 2014 conference in Budapest were forced to defend these investments when demand for minerals continues to be depressed.
Assumptions about rising prices and the declining quality of
Chinese magnesia, which have led major refractory companies to
pursue vertical integration strategies, have been called into
question in light of current industry weakness.
Speaking during a panel discussion at the Industrial Minerals
MagMin2014 conference in Budapest today, Vasili Nicoletopoulos,