European business suffers from magnesium deficiency

The EU industry may run out of magnesium reserves by the end of November due to a reduction in supplies from China. This was stated by some industrial associations, asking the authorities to urgently resolve this issue.

Industrialists fear that magnesium deficiency could lead to a shutdown of production across Europe and the imminent loss of millions of jobs.

The decline in magnesium supplies from China was caused by the efforts of the Chinese authorities to limit domestic energy consumption. As you know, since September, an energy crisis has been raging in the country, which in turn has led to an international supply crisis of unprecedented proportions.

And since the European Union depends almost entirely on China to meet its magnesium needs (by 95%), the industries that produce and use aluminum, cast iron and steel, as well as their suppliers of raw materials, are particularly affected. The effects of magnesium deficiency will soon also be felt by the automotive industry, construction and packaging.