The coronary virus pandemic has hit the motorcycle industry hard, and it is still recovering, almost two years after its beginning.
Due to numerous “locks” during the first part of last year, there was a big drop in motorcycle sales. Now the situation could get worse, due to magnesium deficiency.
Magnesium is crucial for the motorcycle industry, as it is used to make chassis.
At the moment, China is the largest supplier of magnesium in the world. However, due to the shortage of this material, the most populous country has stopped its export since September this year.
The European Motorcycle Manufacturers Association (ACEM) is also concerned about the new situation. ACEM states that the entire industry could feel the consequences, especially since the shortage of semiconductors is still being felt.
KTM, Husqvarna and Bajaj are just some of the names in the motorcycle industry that have felt the effects of the crisis and are recording slightly weaker results this year.
Source: Moto Berza by www.moto-berza.com.
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