SPDB Linchuan Branch Issues $550M Syndicated Loan for Fuzhou Magnesium Park Development

[SMM Magnesium Express]Today, Izhimi Co., Ltd. filed a patent application for "Semi-solid Magnesium Alloy Injection Molding Machine and Its Injection System," aimed at ensuring the quality of large-tonnage, high-volume semi-solid magnesium alloy products. This patent employs a multi-flow control valve in conjunction with an injection accumulator to effectively enhance the molding stability of large-sized magnesium alloy structural components. With the gradual implementation of related technologies, the reliability of large-tonnage semi-solid magnesium alloy injection molding equipment is expected to improve, further advancing the mass production and application of large-scale magnesium alloy structural components.

[Magnesium market stable with weak trading, insufficient demand limits upside] Today, magnesium ingot prices were stable. Producers’ high inventory pressure remained unabated, the demand side was weak and pushed for lower prices, and support for price increases was insufficient. Continued attention should be paid to the subsequent implementation of production halts and maintenance by producers.

[SMM Magnesium Express]Yesterday, Henan Dewei Co., Ltd. was intensifying performance testing and final approval for the second batch of magnesium alloy wheels supplied to Ford in the U.S. The company has independently developed and mastered the core patent for "one-time forward and reverse forging process of magnesium alloy automotive wheels," operating the only two mass production lines for magnesium alloy wheels globally. Its products have been certified by premium automakers such as Mercedes-Benz, BMW, and Porsche, making it the sole domestic magnesium alloy wheel manufacturer capable of mass supplying high-end automakers. With the continuous enhancement of magnesium alloy wheel mass production capabilities, the competitiveness of domestic lightweight components in the international market is expected to further improve.