Magnesium Market Demand Surges Across Automotive, Aerospace, and Healthcare Sectors
The global magnesium market is experiencing significant growth, driven by the rising demand for magnesium in various sectors, including automotive, construction, electronics, and healthcare. Magnesium, a lightweight, corrosion-resistant metal, plays a pivotal role in the production of alloys, particularly in industries requiring high-performance materials. Magnesium Market Overview Magnesium is the eighth most abundant element in the Earth's crust and is widely used due to its unique properties, such as low density, high strength-to-weight ratio, and excellent corrosion resistance. The metal is primarily produced by two methods: electrolysis of magnesium salts and thermal reduction of magnesium-containing minerals, with China being the dominant producer globally. Magnesium alloys, particularly those used in automotive and aerospace applications, are witnessing substantial growth due to the increasing emphasis on reducing vehicle weight for fuel efficiency and lower emissions...