Chinese magnesia and refractories: The new normal
Published: Monday, 22 August 2016
The Chinese economy is entering a transition from a primarily export-orientated economy to a more consumer-driven economy. At the same time, increasing debt, slower growth and excess production capacity are contributing to what has been labelled as the “new normal” for China. Richard Flook and Ian Wilson examine the effect of this on the Chinese magnesia industry and the Chinese refractory industry.
China is the dominant global producer of magnesite, magnesia
and refractories. In 2015 China was the leading producer of
magnesia (caustic calcined magnesia (CCM), dead burned magnesia
(DBM) and fused magnesia (FM)) with a production of 8.79m
tonnes. The rest of the world (ROW) had an output of 4.53m