It is well known that magnesite ore is mined more than 10 million tons annually before 2017, and the maximum is even close to 20 million tons. Due to excessive exploitation, resulting in serious overcapacity, magnesite market competition price, vicious circle, magnesia price has been hovering at a low level. In 2017, when the environmental storm hit, the enterprises that were not qualified for environmental protection were shut down one after another. Inventories gradually decreased, and the price of magnesia soared. In 2018, environmental protection continued to advance, explosives were banned, mining was banned, and magnesia prices continued to operate at a high level. Since the second half of 2018, driven by the soaring market of magnesia price, enterprises have set up flotation production lines one after another. The ore shortage has been alleviated. With the increase of ore production, the magnesia market has been in a downturn since the first quarter of 2019, and the price has been in a continuous downward trend.
Liaoning Magnesite Industry integration and reorganization, the establishment of Liaoning magnesite mining company, the first task is to control the magnesite mining volume, prevent overcapacity, rectify the industry chaos, maintain the healthy and orderly development of the industry. Mining volume is again limited, giving full play to the role of Liaoning magnesite mining company, reflecting the significance of Liaoning Magnesite Industry integration. I believe that Liaoning magnesite mining company will play a greater role in stabilizing the magnesite market and grasping the international voice of Liaoning magnesite.