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市场调查报告书

金属镁:到2029年的展望 (第13版)

Magnesium Metal: Outlook to 2029, 13th Edition

出版商 Roskill Information Services 商品编码 930105
出版日期 内容资讯 英文
商品交期: 最快1-2个工作天内
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金属镁:到2029年的展望 (第13版) Magnesium Metal: Outlook to 2029, 13th Edition
出版日期: 2020年07月24日内容资讯: 英文
简介

全球镁消费,预计今后10年成长5%以上,不过,成长步调存在相当的地区差异。中国预计比起其他地区 (ROW) 以更高的比例成长。预计需求的模式依终端用途市场而有大幅不同,合金和钛,显示比钢的脱硫等传统用途更强力成长。

本报告提供全球金属镁市场相关调查分析,展现全球生产、消费趋势,国际交易,及价格等,需求的展望,并提供主要企业简介等资讯。

第1章 摘要整理

第2章 镁的流程图

第3章 全球生产、成本、永续性

第4章 全球消费

第5章 国际交易

第6章 价格

第7章 展望

第8章 背景

第9章 国家简介

第10章 消费:各首次使用、最终用途

第11章 企业简介

目录

Global consumption of magnesium will rise by a CAGR of over 5% over the next decade, but with considerable regional differences in the pace of growth. China will experience much higher rates of increase than the ROW. Patterns of demand will also vary quite widely across end-use markets, with alloys and titanium displaying stronger growth than traditional uses, such as steel desulphurisation.

Environmental factors will play a major role in influencing future demand and supply for magnesium. The ongoing, and strengthening, impetus to reduce pollution levels will continue to focus very much on the automobile sector, which is a major market for magnesium alloys and aluminium alloys containing magnesium. The drive to reduce vehicle weight, and thus emissions, will see demand for these alloys grow. In China, for example, there are plans to increase the magnesium content of cars from 8.6kg/car in 2017 to 45kg by 2030.

At the same time, a significant change in how magnesium is produced looks highly likely. Until the early 1990s, electrolytic processes dominated global supply. Rapid growth in production in China resulted in thermal processes, notably the Pidgeon process, gaining substantial market share. At present, probably more than 80% of global supply is via the Pidgeon process, which accounts for most Chinese production; electrolytic processes remain the norm in other countries. While the Pidgeon process is relatively low-cost, it has disadvantages, including being considerably more polluting than alternative routes.

Increasingly stringent environmental regulations in China have already caused the closure of several plants using the Pidgeon process and more will probably be shuttered. Given the considerable surplus production capacity available, the market is highly unlikely to move into deficit in the immediate future. In the meantime, alternative processes are gaining ground.

There are only a handful of projects in the pipeline outside China, with Latrobe Magnesium (LMG) in Australia and Alliance Magnesium (AMI) in Canada being the most advanced.

ASX-listed LMG has announced that it is to proceed with construction of a magnesium metal plant in Victoria, Australia, following satisfactory results of a feasibility study completed in 2019. Construction is due to commence in February 2020 with initial production of 3ktpy starting during 2021. Expansion to 40ktpy will follow. The company is seeking financing for the first stage (capex A$34M - US$22.8M) and expansion (A$330M - US$221M). The LMG project is in in the Latrobe Valley, which is a major centre of power generation based on brown coal. LMG will use a patented hydromet/thermal process to produce magnesium and by-products from fly ash. About 25Mt of fly ash is already in inventory. The process is relatively environmentally friendly and would generate a total of 12t CO2 per tonne of Mg. Production in China generates at least 25t CO2 per tonne Mg.

AMI has reported that it will begin construction of a plant in Québec, Canada, during 2020, with full production starting in 2021. The C$600M (US$451M) project calls for initial output of 11.7ktpy, rising to 50ktpy. The plant will process tailings from abandoned asbestos mining operations in Québec. It will use a patented electrolytic process and hydroelectric power, making it relatively clean. The project has the backing of the Canadian government, which has invested C$12M (US$9M) in it through Sustainable Technology Development Canada, and from Japan's Marubeni, which invested a further C$16.7M (US$12.6M) in December 2019.

Combined, these two projects could contribute nearly 10% to the global market, which is not huge but might signal the start of a move away from traditional processes to “greener” magnesium.

Roskill experts will answer your questions:

  • What are the likely supply developments across existing operations and new projects?
  • How will Chinese environmental policies affect the country's magnesium sector?
  • How is demand from the automotive industry likely to develop and how will this affect the magnesium industry?
  • How is demand across magnesium alloys, aluminium alloys, titanium sponge production and steel desulphurisation likely to develop over the next decade?
  • What is the outlook for the market balance and prices?

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Table of Contents

  • 1. Executive summary
  • 2. Magnesium flowchart
  • 3. World production, costs and sustainability
  • 4. World consumption
  • 5. International trade
  • 6. Prices
  • 7. Outlook
  • 8. Background
  • 9. Country profiles
  • 10. Consumption by first use and end use
  • 11. Company profiles