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Jan. 17, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Development and Investment Analysis of China's Magnesite Market, 2013-2017
In 2012, the global magnesium demand volume reached 745,000 tons, increased by 7.5% over 2011, of which, the aluminium magnesium alloy's demand for magnesium reached 280,000 tons with the year-on-year growth of 14%, and automobile die pressed casting demand for magnesium reached 210,000 tons with the growth of 10%.
China is the country with the most abundant magnesite resources. There are 27 proved magnesite deposits in
China, and mainly distributed in
Shandong, Xinjiang, Tibet and
Gansu, of which, the reserves in
Liaoning is the largest, accounting for about 85.6% all over
China, and is world-famous by its large reserves and high quality.
In 2011, the national magnesite output has reached 18 million tons, and the output in
Liaoning was about 16 million.
In 2011, the output of crude magnesium has reached 660,600 tons, increased by 11.04% over 2010; of which, the output in
Shanxi reached 329,200 tons, accounting for 49.36% of the country's total output, followed by
Shaanxi and Ningxia, with the output of 253,900 tons and 37,800 tons.
In the future decade years, the annual growth rate of magnesium industry will reach 7.5%, and it is estimated that the demand for magnesite will increase steadily. At the same time, Liaoning Provincial Government and Anshan Municipal Government build Haicheng "Magnesite new material industrial base with the output value of
CNY 100 billion". Haicheng Sanyan has formed the mining, firing, electric smelting and finished products production system which based on the high quality and abundant magnesite resources, and in the future, this company will finish a whole industry chain which combines mining, deep processing, gangue flotation and refractory production together. It is estimated that
China's magnesite output will reach 29.5 million tons in 2015.