Market fears rise in prices as Liaoning stops magnesite mining
Published: Tuesday, 17 April 2018
A sudden government-ordered halt to magnesite mining in China’s main magnesia-producing province has triggered a rise in domestic prices, with exporters planning to raise export prices if the restriction continues.
Market participants are concerned over a new squeeze in the
supply of China-origin magnesia after authorities prohibited
all magnesite mining in Liaoning province, the
country’s leading producing region for the
mineral, Industrial Minerals has learnt.
Several producers in contact with Industrial Minerals have
confirmed that they stopped magnesite mining...