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Enthusiasts record prices expected: China's sinking export leads to magnesium metal scarcity

18:35  10 january  2022
18:35  10 january  2022 Source:   ksta.de

Why car hire is currently so expensive

 Why car hire is currently so expensive Munich / Cologne. Car hire are significantly more expensive than before Corona. Guilt are currently not just the autumn holidays, but also well-known problems of the car industry. The chip deficiency makes besides the car events even the-lenders difficulties. © Oliver Berg The switches of various rental car providers are empty at Cologne Bonn Airport. If you take a rental car in the autumn holidays, you have to grab deep into your pocket.

After the semiconductor crisis, the former Audi-Purchasing Board Bernd Martens and the Ingolstadt Wirtschaftsprofessor Dirk Hecht the next bottleneck at Magnesium. China dominate the semiconductor market and with magnesium with 87 percent of worldwide production almost a monopoly, Hecht said on Monday.

Roboter im Volkswagen-Werk in Zwickau montieren einen Audi Q4 e-tron. Zusätzlich zu den durch den weltweiten Chipmangel ausgelösten Produktionsproblemen befürchtet die deutsche Industrie nun auch noch Lieferengpässe bei dem für den Automobil- und Flugzeugbau dringend benötigten Magnesium. © picture Alliance / dpa / dpa central image Robot in Volkswagen plant in Zwickau assemble an Audi Q4 E-TRON. In addition to the production problems triggered by the global chip deficiency, the German industry now also fears supply bottlenecks in the magnesium urgently needed for automotive and aircraft construction.

The strong shortage of magnesium already leads to record prices, creating worldwide distortions on the market and "announces enormous disturbances in the supply chain". Political-strategic measures to ensure the delivery flow failed.

Early Indicator for Inflation: Greatest increase in producer prices Since 1974

 Early Indicator for Inflation: Greatest increase in producer prices Since 1974 by 14.2 percent, producer prices climbed in September compared to the same month last year. This is mainly due to the high energy costs. © Photo: Thomas Frey / DPA The price increases were particularly high at coniferous wood. The prices of German manufacturers Climbing record to record. The producer prices of commercial products increased by 14.2 percent in September at the same month last year and thus as strong as for almost 47 years, as the Federal Statistical Office announced on Wednesday.

Today's semiconductor shortage was not only caused by the Corona Pandemic, said Professor of Procurement Management at the Th Ingolstadt. China efficiently implement five-year plans for core technologies. Martens criticized, buyers were still relevant to the costs. "The current example of the supply bottlenecks and record prices in the magnesium or a few years ago in the rare earths show how the previous approach leads to a dead end." The German and European industrial policy had neglected it in the production of raw materials and core technologies such as batteries , To invest semiconductors and telecommunications. This created a questionable dependence on others. (dpa)

Tesla share predominantly fertilizer: Tesla with record numbers in China .
For the Electroautobauer Tesla, the transactions in China were apparently outstanding in December. © Provided by Finanzen.net ASIF Hassan / AFP / Getty Images • Tesla with strong december sales • Monatskord reaches • Strong competition in the region data of the China Passenger Car Association (CPCA) has the US Group, the US Group has Tesla in December 70.847 vehicles manufactured in China sold - more than ever before in a month, since the production started in the factory in Shanghai 2019.

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