1.1
million metric tons
Global Production
USGS – Mineral Commodity Summaries 2024
+4.8%
YOY % Change
Provenance
China dominates global magnesium production, accounting for about 80% of world supply. Russia is the second-largest producer, followed by Israel and the United States.
Impact
Magnesium is crucial for aluminum alloys used in automotive and aerospace industries, contributing to lighter, more fuel-efficient vehicles. It is also used in die casting for various products, supporting diverse manufacturing sectors. The magnesium industry drives innovation in lightweight materials and manufacturing processes.