Magnesium contract talks in full swing

Nov 05, 2012 | 02:59 PM | Suzy Waite

Tags  magnesium, General Motors, GM, automotive, contract prices, Suzy Waite

NEW YORK — Mating season has kicked off for magnesium producers and consumers looking to lock up next year’s supply.

"This is the time we all live for," one supplier told AMM. "We’ve had a lot of big people come out. They want to get things done and wrapped up."

One consumer source said his company has already secured most of the material it requires for 2013. "We’ve done most of our business for next year," he said.

However, not all of 2013 material has been contracted, according to one trader. "We’re talking to a couple of intermediate players in the aluminum market, but (mating season) really has just commenced," he said.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events