Global Die Casting Market to Surge to $120B by 2034, Driven by EV and 3C Demand

Published: Jun 17, 2025 11:36
[SMM Magnesium News] Global die casting market to grow from $82B (2024) to $120B by 2034 (4.7% CAGR), fueled by lightweight demand in EVs/3C sectors. Mg/Al die-casting gains traction for battery housings/aerospace components, with Asia-Pacific as key growth hub. Integrated casting tech & recycled metal applications are transforming the industry.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
CMOC: 2025 Net Profit up 50.3% YoY, Copper Production at 741,100 mt; Niobium, Cobalt, Molybdenum, and Tungsten Output Exceeded Expectations
1 hour ago
CMOC: 2025 Net Profit up 50.3% YoY, Copper Production at 741,100 mt; Niobium, Cobalt, Molybdenum, and Tungsten Output Exceeded Expectations
Read More
CMOC: 2025 Net Profit up 50.3% YoY, Copper Production at 741,100 mt; Niobium, Cobalt, Molybdenum, and Tungsten Output Exceeded Expectations
CMOC: 2025 Net Profit up 50.3% YoY, Copper Production at 741,100 mt; Niobium, Cobalt, Molybdenum, and Tungsten Output Exceeded Expectations
1 hour ago
[SMM Analysis] Domestic Weakness Meets Overseas Strength, Scrap Tungsten Drags on Sentiment
17 hours ago
[SMM Analysis] Domestic Weakness Meets Overseas Strength, Scrap Tungsten Drags on Sentiment
Read More
[SMM Analysis] Domestic Weakness Meets Overseas Strength, Scrap Tungsten Drags on Sentiment
[SMM Analysis] Domestic Weakness Meets Overseas Strength, Scrap Tungsten Drags on Sentiment
This week, the tungsten market showed a divergent trend with mild corrections in domestic prices and a contrarian rise in overseas APT prices. Domestic tungsten concentrate and midstream product prices remained relatively firm, while scrap tungsten prices dropped sharply as profit-taking emerged. Supported by a tight supply-demand balance, overseas markets strengthened, further widening the price gap between domestic and international markets.
17 hours ago
Baiyin Nonferrous to Sell 33 Tons of Crude Selenium via Bidding, Floor Premium at RMB 5,000/ton
Mar 27, 2026 12:11
Baiyin Nonferrous to Sell 33 Tons of Crude Selenium via Bidding, Floor Premium at RMB 5,000/ton
Read More
Baiyin Nonferrous to Sell 33 Tons of Crude Selenium via Bidding, Floor Premium at RMB 5,000/ton
Baiyin Nonferrous to Sell 33 Tons of Crude Selenium via Bidding, Floor Premium at RMB 5,000/ton
SMM March 27 News: According to an official announcement from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 tons of crude selenium through a bidding process, where participants will bid on the premium/discount price. The floor premium is set at RMB 5,000/ton. The bidding will proceed only if at least three companies register. The registration deadline is 5:00 PM on March 30, 2026, and the bidding will begin at 3:00 PM on March 31, 2026. Given that recent crude selenium bidding tenders have seen strong transaction prices, market participants expect the outcome of this premium bidding to be noteworthy.
Mar 27, 2026 12:11