Volatile magnesium market could promote larger inventories, scrap retention: panel

Ongoing volatility in the global magnesium market, characterized by uncertain supply and high prices in 2021, could encourage US consumers and market participants to build up their inventories and increase scrap recovery initiatives, industry stakeholders said Feb. 1. “I think there’s going to be an increase in inventory by magnesium consumers as a hedge against future market volatility because as…