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Magnesium is a lightweight, silvery-white metal that is part of the non-ferrous metals market. It is the lightest structural metal and is used in a variety of applications, including aerospace, automotive, and electronics. Magnesium is also used in the production of alloys, such as aluminum-magnesium alloys, which are used in the production of aircraft and automobile parts. Magnesium is also used in the production of specialty chemicals, such as fertilizers and pharmaceuticals.
The magnesium metal market is driven by the increasing demand for lightweight materials in the automotive and aerospace industries. The growing demand for magnesium alloys in the production of aircraft and automobile parts is also driving the market. Additionally, the increasing use of magnesium in the production of specialty chemicals is expected to further drive the market.
Some of the major companies in the magnesium metal market include Magnesium Elektron, RIMA Group, US Magnesium, Magnesium Alloy Corporation of China, and Magnesium Corporation of America. Show Less Read more