Used for the manufacture of alloys used in automobile construction, magnesium unfortunately suffers from a very energy-intensive production process.
To the point of causing blackouts in China, which concentrates 90% of the world's resources of this metal.
The government has therefore taken measures to limit its industrialization, which could cause a global shortage since 35 of the 50 producers will have to shut down their activities until the end of the year.
Since this announcement, the price of a tonne of magnesium has soared to as high as $ 14,000, compared to around $ 2,000 previously.
However, stocks being limited, we can expect a shortage, like that of electronic chips which currently affects the automobile.
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energy
Metals
China
Shortage
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Automotive