MagMin 2015: : New spot trading centre to aid development of Chinese magnesia industry

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 573, 2015 (Ejemplar dedicado a: Junio)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "In the last two years, China's magnesia industry has developed very quickly," [Christopher Zhao] said. He pointed to the government-backed drive to consolidate magnesia production into a few large enterprises, which can exercise advantages such as economies of scale and funded R&D programmes.

    To support this trend, the new exchange platform, which began operating in March 2014, will establish a "healthy trading environment", Zhao said, through the regulation of magnesia transactions and the establishment of a "magnesia index".

    According to figures quoted by Zhao, China exported just over 663,000 tonnes dead burned magnesia (DBM) in 2014, up 39% on 2013's figure of 476,000 tonnes, while fused magnesia (FM) exports climbed 22% last year to 369,000 tonnes, up from 302,000 tonnes the previous year. These exports were worth $186.5m and $213.5m tonnes, respectively, to the Chinese economy on 2014.