22/10/2021 (Agence Europe) – A dozen European associations from the automotive, industrial and metal sectors issued a joint statement on Friday 22 October to alert European policymakers to the dangers posed by the magnesium shortage in China and to ask them to take action. If nothing is done, a total shortage of this raw material is expected by the end of November, they say, with an impact on the activity of thousands of companies, putting millions of jobs at risk. The EU is 95% dependent on magnesium imports from China. However, the Chinese government has decided to drastically reduce its magnesium production since September in order to limit its energy consumption, which has led to an unprecedented international magnesium shortage. The price of magnesium has risen from US $2,000 per tonne at the beginning of the year to US$14,000 per tonne today. To consult the declaration: https://bit.ly/3pqKfp4 (PH)