Magnesium Alloy Ingot, a critical material for lightweighting solutions in various industries, have witnessed a price decline across the United States, Germany, and China in the first half of July xxxx. Recent market reflects softening demand and the vulnerability of the commodity to economic uncertainties. While lower production costs of Magnesium Alloy Ingot may benefit manufacturers in the short term, sustained weak demand from key user industries like automotive and aerospace could pressure prices further. Prices of Magnesium Alloy Ingot in Germany saw a minor decrease of x.xxx, settling at USD xxxx per metric ton CFR Hamburg. China, a major hub for EV production, faces a price decrease of x.xx to USD xxxx per metric ton FOB Tianjin.
The German automotive industry, a significant consumer of Magnesium Alloy Ingot for components like chassis and gearbox housings, faces uncertainty due to potential European Union tariffs of up to...
