Supply contraction expectations heat up, holding prices firm, but weak demand still suppresses market rebound [SMM magnesium ingot spot report]

By MMPI News Desk On Nov 10, 2026 21 0

[Supply contraction expectations strengthen price-holding sentiment, but weak demand still caps market rebound] At the start of the week, trading activity in the magnesium market remained subdued. Expectations of further supply contraction intensified, and the smelting sector’s resolve to hold prices firm strengthened somewhat. However, the persistent weakness on the demand side remained the core factor constraining any further rebound in prices.

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