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WHAT IS THE CURRENT AND FUTURE DEMAND FOR MAGNESIUM AND MAGNESIUM ALLOYS?

April 26, 2017alloys DEMAND future Magnesium

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WHAT IS THE CURRENT AND FUTURE DEMAND FOR MAGNESIUM AND MAGNESIUM ALLOYS?

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Current world consumption of magnesium alloys is approximately 250,000 tonne per annum. Of the various applications of magnesium and its alloys, die casting is the fastest growing sector of magnesium consumption. For example, die casting applications specific for the automotive industry are expected to increase by about 8 – 10% per annum over the next decade.