Magnesium production is carried out by the US Magnesium Corporation in the United States. According to Forbes Magazine, the US International Trade Commission and the United States Department of Commerce have called the anti-dumping duty on foreign metal imports as anti-dumping duties. Although this increased the use of American magnesium, increased the cost of metals and made it difficult for American manufacturers.
From 2004, when magnesium prices were $ 1 a year ago, when the price reached $ 2 (after falling to $ 3.25 in 2008 due to the recession), manufacturers sought to reduce the price of a metal that became vital to their production. The only magnesium producer in the USA is in Utah and does not produce enough to satisfy demand. Thus, the price of the material is much higher than it should be. Reducing prices would reduce the price so that US manufacturers can become more competitive with their products.
2011 Legislative Efforts
St. Louis Beacon Senator Claire MsCaskill, a Missouri politician, announced that she will seek to set magnesium tariffs on Russia and China stopped. The United States Department of Commerce issued import duties in 2005. Nevertheless, McCaskill believes that only one magnesium producer in the United States has had tariffs unnecessary on the device and domestic and other companies. Others in the Congress reveal the exemption or repeal the obligation. American magnesium produces magnesium from saline brine in Great Salt Lake. In China, most of the magnesium used in the world is 82% of the estimated quantity. From 2009, the United States produced only 8% of the world's supply. The use of magnesium will only increase in the coming years, so a solution needs to be found to solve the inflated magnesium cost.
Source by sbobet