since the beginning of September 2021, prices for magnesium alloys have risen massively, presumably due to energy shortages. Are there any further causes here or can anyone make a prediction about possible further developments?
Developments in areas of electric vehicles and zero carbon resolutions have been pushing energy storage industries to boom. So mg alloys will also raise in demand. Pusing more production and researches.
The IMA has issued a current statement on price development, which speaks of only a short-term price increase and the IMA assumes that a normalization of prices should take place in the second quarter of 2022. Can anyone confirm?