Verde Magnesium Advances Romania Project to Become Europe's First Primary Producer in 25 Years

【SMM Magnesium Brief】Recently, Chenzhi (Chongqing) Lightweight Technology Co., Ltd. and Avatr Technology (Chongqing) Co., Ltd. signed the "Magnesium Alloy Product Joint Development Agreement" in Chongqing, focusing on collaborative R&D for eight magnesium alloy products, including CCB and tailgate. Chenzhi Lightweight is equipped with 5,000-ton semi-solid die-casting equipment and possesses core technological advantages in semi-solid magnesium alloy forming and integrated die-casting. Currently, the jointly developed magnesium alloy tailgate has successfully completed production, achieving phased results. Moving forward, the two parties will prioritize joint research on core structural components such as magnesium alloy CCB and rear floor panels, driving the mass production of more high-performance magnesium alloy parts. As collaboration deepens, the application of magnesium alloy in key structural components for new energy vehicles is expected to accelerate, with the production penetration rate of semi-solid forming and integrated die-casting technologies likely to further increase.

[SMM Magnesium Market Analysis: Cost Support Struggles Against Weak Demand, Magnesium Market Consolidates at Lows in the Short Term, Upcoming Maintenance May Provide Periodic Price Support] In May 2026, magnesium prices moved sideways within a price range of 16,300-16,700 yuan/mt.

[SMM Magnesium Market Analysis: Coal Cost Transmission Imbalance, Weakened Integrated Cost Advantages, and Continued Convergence of Regional Magnesium Ingot Cost Gaps] Recently, energy cost fluctuations in the magnesium industry far exceeded ferrosilicon price fluctuations. The influence of coal prices on magnesium prices increased significantly, and the cost structure of magnesium ingots underwent a notable shift.