Magnesium oversupply fears said overblown

May 22, 2012 | 02:22 PM | Suzy Waite

Tags  magnesium, International Magnesium Association, Alan Clark, Clark & Marron, Posco, Suzy Waite

SAN FRANCISCO — Potential oversupply of magnesium isn’t a major concern even as a number of countries, in addition to China, are expected to begin producing the metal, market participants said at an industry conference.

"There’s potential new non-Chinese production in (South) Korea, Australia, Canada and the Middle East," Alan Clark, a director at Melbourne, Australia-based consulting firm Clark & Marron Pty Ltd., said Monday at the International Magnesium Association’s 69th Annual World Magnesium Conference in San Francisco.....

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