C. 85% of world magnesium prod comes from China. Large chunk from Yulin, Shaanxi province. About a month ago, the local gov ordered 35 of its 50 magnesium smelters to close & told rest to cut production 50% to hit energy consumption targets -> price surge.
ft.com/content/1611e9… https://t.co/WIIBRtBT5i
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…