News Snapshot:
China's magnesium sector has started witnessing a surge in domestic demand amid limited stocks as most industry participants cleared their inventories in November and following a state-backed conglomerate's move to secure reserve supplies, industry sources said Nov. 30 Domestic smelters are lining up production to meet a sudden rush in orders, commodity information services agency Zhejiang Netsun said. As buyers steadily turn to replenish their ingot stocks, the domestic sector's production cycle for meeting demand has extended lately, Netsun said. In recent weeks, China's downstream sector has mainly purchased with an eye on price levels, with most volumes bought when...
