Oooooh Dear .... Again !!
Magnesium shortage: How it will affect new-car delays in Australia
A shortage in magnesium – and the aluminium products made from it – is yet to be felt in Australian new-car showrooms, say experts. But they are bracing themselves for another slowdown. Here's why.
26 October 2021Late last week,European associationsthat represent the aluminium industry issued an “urgent call for action” against the “imminent risk of Europe-wide production shutdowns as a consequence of a critical shortage in the supply of magnesium from China.”
The peak aluminium industry body in Europe explained magnesium is “widely used in the metals-producing industry.”
“Without urgent action by the European Union, this issue, if not resolved, threatens thousands of businesses across Europe, their entire supply chains and the millions of jobs that rely on them,” the European aluminium association said...
“Due to the Chinese Government’s effort to curb domestic power consumption, supply of magnesium originating from China has either been halted or reduced drastically since September 2021, resulting in an international supply crisis of unprecedented magnitude.”
The European industry body said the European Union is “almost totally dependent on China (at 95 per cent) for its magnesium supply needs … with far-reaching ramifications on sectors such as automotive, construction and packaging.”
Re,
The European industry body said the European Union is “almost totally dependent on China (at 95 per cent) for its magnesium supply needs...
And China depends on Coal and Gas to make that stuff ...
!!
