26 Oct 2021 -
 General

Magnesium shortages: EU in talks with China

“The Commission is aware of the current shortage of magnesium which is affecting global supply chains and is monitoring the situation closely,” a Commission spokesperson told Reuters by email.

Prices of magnesium in China have soared, more than doubling over the past year to $4,700 per tonne, the highest since 2008 according to Economic Times.

China supplies about 95% of the bloc’s demand for magnesium, a key ingredient in aluminium and steel.

“We are raising this issue with our Chinese counterparts in order to address immediate shortages and are assessing long-term solutions to tackle this strategic dependency,” Reuters reported.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics here

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