Communist China’s Magnesium Monopoly Could Be Yet More Trouble For The Global Car Industry

Oct. 22nd, 2021

Source: Internet

In a report by Zero Hedge on October 19th, 2021, it talks about the monopoly Communist China has on the world magnesium market, as China produces around 85% of all the magnesium in the world today. Magnesium is a very important material for car production as it is used as a hardening agent in the process of making aluminium billets.

China has recently slowed production to around 70% because of on-going problems with power shortages, this has obviously had a massive effect on the global car industry. Germany’s non-ferrous metal trade association, warned: “It is expected that the current magnesium reserves in Germany and throughout Europe will be exhausted in a few weeks at the end of November 2021 at the latest, yet again Communist China finds itself in a good position as it controls the magnesium production and the car industry globally depends on it, which is never ideal knowing what the Communist regime is capable of.

For a more in-depth look into this story, please click here: China’s Magnesium Shortage Could Spell More Trouble For Global Car Industry 

Editor: Mr Cow / PR: Marialu


Disclaimer
The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the G-News or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the G-News concerning the legal status of any country, area or territory or of its authorities, or concerning the delimitation of its frontiers.

Edited by:【Himalaya London Club UK】

此图像的alt属性为空;文件名为41bf97c0-3bb2-4a07-ad75-91b96dc3203c.jpg

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

0 Comments
Inline Feedbacks
View all comments

英國倫敦喜莊園 Himalaya London Club UK

欢迎战友加入【英国伦敦喜庄园Himalaya London Club UK】 👉GTV频道: https://gtv.org/web/#/UserInfo/5ee680a45bd6f123dd104807; 👉Telegram文宣电台:https://t.me/HimalayaUK; Oct. 22