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.....
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