2021 PREVIEW: Strict environmental inspections, mining curbs to ease magnesia oversupply in China
Published: Thursday, 17 December 2020
Tighter controls on mining activity in China’s Liaoning province and strict environmental regulations have eased the oversupply of magnesia in the country, stirring up an optimistic price outlook for 2021.
Chinese magnesia prices were under pressure during the first
half of 2020 due to a combination of excess supply and weak
demand from the downstream refractory sector, with the latter
severely affected by the Covid-19 pandemic.
And while many magnesia producers in China operated at less
than 50% capacity or...