According to media reports, Haicheng City, Liaoning Province, the main production area of magnesite in China, recently decided to "stop mining in stages". Liaoning magnesite mining Co., Ltd. discussed the integration of magnesite resources. The meeting finally decided to implement a phased stopping mining policy for magnesite mining. The policy requires that the stopping period be three months. From August 1 to October 31, the measuring station stops metering and the platform stops ore sales.
Magnesite is the raw material of Caustic Calcined Magneiste (Magnesium Oxide). After the news of the shutdown came out, some enterprises have raised the price of Magnesium oxide by 200-300 yuan. With the formal implementation of the August shutdown, product prices are expected to rise further.
