Source: China – South China Morning PostAfter years of stable prices, magnesium costs have skyrocketed while a shortage of the metal is choking downstream users in its supply chain, especially the global automotive industry.And it appears that China’s power crisis and subsequent crackdown on energy-intensive industries is largely to blame. China has almost a complete monopoly on the metal’s global production, and the smelting process is very power-intensive.A monthly review of the metal, by the China Nonferrous Metals Industry…Read More