Magnesium prices up, titanium sponge prices to rise

September 26, 2021

Magnesium prices broke through 60,000 yuan, a one-day increase of more than 30%, another record. According to reports, 99.9% magnesium ingot fugu area factory reported ex-factory price including tax of more than 60,000 yuan/ton, before September 21, the price was 45,000-46,000 yuan/ton, and the 22 day magnesium ingot price rose 33.26% to 60,100 yuan/ton, a record high.

Behind the rise, not only affected the application of magnesium to a certain extent, but also let magnesium ingot production enterprises increased pressure. As magnesium ingot production enterprises said, the price of magnesium ingot rose, there is the impact of raw material prices, but also caused by environmental pressure. Magnesium price is high, the gross profit of single ton smelting exceeds 25,000 yuan, magnesium metal application enterprises and industries will also be severely impacted.

The industrial production of sponge titanium has been more than 70 years since 1948. At present, the only titanium manufacturing method used for industrial production in the world is still only Kroll method. Is the essence of the magnesium reduction, in 880 ℃ ~ 950 ℃ under argon atmosphere, let the titanium tetrachloride with magnesium metal reaction of spongy titanium and magnesium chloride, with vacuum distillation to remove magnesium magnesium chloride and excess of titanium sponge, to obtain pure titanium, distillation condensate by recycling molten metal magnesium, magnesium chloride by molten salt electrolysis recycling magnesium and chlorine.

Manufacturing 1 ton of titanium sponge, need to use about 1.5 tons of magnesium ingot, the demand for magnesium is very large. This round of magnesium price surge will greatly push up the manufacturing cost of sponge titanium, it is reported that the sponge titanium manufacturers have suspended the external quotation on the 22nd, has not signed the contract also suspended, all this indicates that the sponge titanium price is very likely to be adjusted, manufacturers and downstream users need to make preparations for this.

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