Badam, Chongqing Univ., & Chongqing Magnesium Launch Joint Base for Mg Alloy Innovation

[SMM Magnesium Express]Yesterday, according to Chongqing Daily, the Chongqing Hub Port Industrial Park achieved breakthroughs in the field of magnesium alloy automotive lightweighting. The park's enterprises successfully mass-produced 5,000 tons of magnesium alloy TPI semi-solid injection molding body structure mold, effectively enhancing the regional automotive lightweight manufacturing process level. In the first half of the year, the output value of large-scale automotive component enterprises in the park exceeded 2.2 billion yuan, with nearly 950 million yuan worth of products deeply supporting leading intelligent connected new energy vehicle enterprises such as Changan and Seres. As the mass production process of large magnesium alloy structural components becomes increasingly mature, its large-scale application in the new energy vehicle sector is expected to further accelerate.

[Magnesium Ingot Futures Edge Down; End-Users Hold Back Cautiously on Restocking] Today, magnesium ingot prices consolidated on a subdued note in a narrow range. Upstream producers held prices firm, but downstream users waited on the sidelines and only made just-in-time procurement; foreign trade was under pressure and offered concessions. In the short term, the market was stagnant and weak, lacking recovery momentum.

Sentiment in China’s battery-grade manganese sulfate market has gradually returned to rationality, as the flood-related factors that previously lifted prices in Guangxi continue to ease.In early July, continuous heavy rainfall and floods hit major production areas in Guangxi. Rising river levels and disrupted logistics forced multiple manganese sulfate producers to suspend operations for safety inspections and equipment maintenance, triggering a temporary shrinkage of available spot supply.