Weekly Magnesium Output Drops 1.62% MoM, Supply Reduction Continues Amid Plant Maintenance

【SMM Weekly Magnesium Inventory Express】This week, the inventory of primary magnesium smelters across the country rose by 2.03% month-on-month. On the supply side, primary magnesium smelters in Shaanxi have resumed production after centralized maintenance, keeping magnesium ingot supply at a high level; on the demand side, the recovery of downstream sectors remains inconspicuous, resulting in ineffective inventory digestion. It is expected that as weekly primary magnesium output continues to pick up, producers will still face inventory accumulation pressure under the loose supply-demand pattern.

【SMM Magnesium Flash】Yesterday, Bojun Technology announced its intention to jointly invest 15 million yuan with Guozhu New Materials to establish a joint venture company, entering the field of semi-solid magnesium alloys. Bojun Technology will contribute 12 million yuan, holding 80% of the shares, while Guozhu New Materials will contribute 3 million yuan, representing 20% of the shares, based on its proprietary semi-solid magnesium alloy die-casting technology. The joint venture will be responsible for the development and iteration of cutting-edge processes for semi-solid magnesium alloy injection molding, leveraging Bojun Technology's manufacturing and supply chain resources to quickly break through industry technological barriers. This move will help deepen its magnesium alloy industry layout and cultivate long-term core competitiveness.

【SMM Magnesium Flash】On August 28th, ZhiJie RX officially announced the adoption of integrated die-cast magnesium alloy materials, with 8 magnesium alloy components arranged in the cockpit, covering key parts such as seat frames, steering wheels, and instrument beams. This solution was developed in collaboration with a team from Chongqing University, incorporating electromagnetic thermal control die-casting technology. The rear floor weight was reduced by 15.5%, the yield strength was increased by 55%, and the overall vehicle torsional stiffness reached 50000+N·m/deg, achieving a balance between lightweight and safety performance. The large-scale application of aviation-grade magnesium alloy in vehicles is expected to accelerate the promotion of magnesium alloy in the field of automotive cockpit structural components.