World Annual Primary Magnesium Production Capacity, December 31, 2023

This table presents the global production capacity of primary magnesium as of December 31, 2023, measured in metric tons. This data is crucial for understanding the supply potential of magnesium, a lightweight metal widely used in automotive, aerospace, electronics, and construction industries. Tracking production capacity helps stakeholders anticipate market availability, assess supply chain stability, and make informed decisions regarding investment, trade policies, and resource management.

The data reveals that China dominates the global magnesium production capacity with an estimated 1,800,000 metric tons, accounting for the vast majority of the total 2,100,000 metric tons worldwide. The United States follows with a capacity of 63,500 metric tons, although its facilities are currently idle, as are those in Korea, Malaysia, and Serbia. Russia holds the third-largest capacity at 81,000 metric tons, while other countries like Israel, Kazakhstan, and Ukraine each contribute between 22,000 and 34,000 metric tons. Notably, several smaller producers such as Iran and Serbia maintain capacities below 10,000 metric tons. The presence of idle capacities in several countries suggests potential for increased production if market conditions improve.