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Chinas magnesium metal exports will drop sharply in 2023

According to China Customs statistics, exports of 3.56 million tons in December 2023 decreased by 5.6% compared to 10.1%; exports of $1.13 billion decreased by 8.1% compared to 28% according to China Customs statistics.

Thro 2023, Chinas performance in the global metal uranium market also showed a similar declining trend.Export of metalsUranium products totalled 40,47 million tons, decreasing by 9,29 million tons compared to 2022, down to 18.68%. in terms of exports, the cumulative exports in 2023 were $13.89 billion, down by 49.2% compared to 2022.

This downward trend may be influenced by a number of factors.On the one hand, increased uncertainty in the global economic environment, especially in trade frictions and policy changes between major economies, can lead to a decline in demand and market turbulence.On the other hand, fluctuations in metal prices in international markets may also affect Chinas exports of metal uranium.

Metal uranium, as an important industrial raw material, is widely used in the fields of aerospace, automotive manufacturing and electronics.China, as the worlds largest metal uranium producer and exporter, has a significant impact on the global supply chain.

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