TOKYO -- Global manufacturers are facing another headache in their supply chain after the price of magnesium spiked and highlighted their vulnerability to policy shocks in China, which accounts for 80% of the world's production.
Chaerhan Salt Lake is the largest magnesium deposit bed in China. The country dominates global production of the industrial metal.
Market Spotlight
Manufacturers rue dependence on China for supplies of magnesium
Auto companies and steelmakers reel from latest metals price spike
Read Next
Latest on Market Spotlight
