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Summary of the magnesium carbonate market in the first three quarters of 2024

The first three quarters of 2024 are a period of rapid development and change in the magnesium carbonate industry. Hebei Messi Biology Co., Ltd. said that this should give us some in-depth thinking.

First of all, due to the lack of integrity, insufficient market supervision, and unregulated market, the competitive cost of magnesium carbonate companies has increased. False advertising, malicious hype, counterfeiting, trademark infringement, and short weight are very common. There are also problems such as low resource utilization, weak environmental protection awareness, high energy consumption, low entry barriers, and insufficient profitability, which are all major problems that the magnesium carbonate industry needs to solve urgently. Secondly, the magnesium carbonate market is slow to respond. In a volatile market, it does not pay attention to information collection and collation, does not observe and analyze market changes, and does not understand national policies and international rules, that is, it does not know change, does not seek change, and is not good at change.

Light Magnesium Carbonate

Hebei Messi Biology Co., Ltd. believes that although our magnesium carbonate industry is developing rapidly, it is still in a mature stage of development; my country’s magnesium carbonate market has great potential, but the market is not yet mature; although my country is a major magnesium carbonate country in the world, it is not a world power in magnesium carbonate; although the output of my country’s magnesium carbonate industry is increasing rapidly, its profitability is very low; although the industrial concentration of my country’s magnesium carbonate industry is constantly increasing, the situation of small enterprise scale has not changed fundamentally; the competitiveness of my country’s magnesium carbonate enterprises is improving day by day, but the risk resistance of enterprises is still weak, especially in the process of entering economic globalization, they are still not well prepared, inexperienced, and lack strength. We should pay special attention to the qualitative changes in the competitive form of the magnesium carbonate industry, fully grasp the trend of future development and change, strengthen our own cultivation, improve the comprehensive strength of enterprises, and welcome the arrival of the strategic transformation period of China’s magnesium carbonate with a good attitude.

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