Kobe Steel, Furukawa-Sky Aluminum, Sumitomo Light Metal Industries and ALCONIX Corporation announced on Thursday they established magnesium ingot making joint venture in Taiyuan, Shanxi of China with Taiyuan Yiwei Magnesium Industry of China.
Japanese firms try to secure the stable supply source through the joint venture when magnesium ingot price exceeds US$ 3,000 per tonne. – Japan Metal Bulletin
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