World Mg Demand to Increase by 7.5% to 745,000t in 2012

Worldwide magnesium demand is forecasted to increase by 7.5% to 745,000 tonnes in 2012 from 2011. The demand is expected to increase by 14% to 280,000 tonnes for aluminium alloy additive and to increase by 10% to 210,000 tonnes for automotive die casting. Australian consulting company, Clark & Marron (C&M) released the demand forecast at the international magnesium conference held by International Magnesium Association in San Francisco, the USA for May 20-22.

C&M analyzes the global magnesium demand would grow up by 6.6% per year averagely and reach 950,000 tonnes in 2016. The demand is expected to increase mainly for aluminium alloy additive and automotive die casting.

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