Bloomberg: Magnesium Buyers Warn Crunch Threatens Millions of European Jobs
(Bloomberg) -- Europe’s magnesium shortage could shutter industrial operations within weeks, threatening thousands of businesses and millions of jobs in sectors from cars to packaging, associations warned.
Chinese exports of magnesium -- a critical material for hardening aluminum alloys and used in everything from power tools to laptops -- has plunged as the nation cuts output because of an energy crunch.
That’s caused prices to spike and left buyers worldwide exposed.
Europe, which buys 95% of its magnesium from China, is expected to run out of the metal by the end of November, a group of industry associations including European Aluminium, Eurometaux and industriAll said on Friday.
Production shortages, factory closures and job losses could follow unless reserves are replenished, they said.
Read more ....
WNU Editor: The economic hits keep on coming. And this hit is a bad one.
China is acknowledging that they have problems .... Chinese magnesium exports likely to drop 10% in 2021 amid global shortages (Global Times).
More News On China's Magnesium Supply Crunch
EU in talks with China on magnesium shortages -- Reuters
EU leaders warn of risk to industry over shortage of magnesium from China -- Financial Times
EU leaders signal alarm over Chinese magnesium crunch -- Politico
China's power issue may make the global car shortage much worse -- FOX News
Update: Speaking of more hits .... U.S. Propane Market Headed for ‘Armageddon’ This Winter, IHS Says (Bloomberg).
3 comments:
So we see an energy, supply chain collapse and now even more mainstream news outlets talk about something being wrong with those "vaccines" and the mandates and the collapsing border...doh! Many people knew this and warned everyone or tried to and were censored by big tech
This will not end well
And the US homeland security office says that people who ask questions about the election or about sex/pedophile education at US schools and preschools are signs of terrorism.
The same people who pushed vaccines and disrupt your supply chains by forcing everyone from trucker to doctors and nurses to quit their jobs at coercion of medical tyranny now say that peppers and anyone preparing for the coming crash are terrorists too
Look
You better identify quickly the tyrants among your nation, in every nation, or ecomomies will crash and martial law will be declared to further divide you and take everyone's rights
You have to catch up to what's going on
It's you're duty to resist tyrant and defend those attacked by these people. Defend your neighbours. Defend the scientists, nurses, doctors and media influencers who warned you of the vaccine, warned you of the medical passports, warned you of the carbon credit and social credits system.
We need to undo what these tyrants did and hold them accountable or our World and the societies we live in will turn into dystopian hell holes
Reliance on China is a single point of failure.
I get magnesium pills in multivitamins from Cotsco
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