June 26th spot price of SMM rare earths

[Magnesium Ingot Market in Stalemate, Transactions Remain Sluggish] Today, offers for 99.90% magnesium ingot in main production areas were quoted at 16,350 yuan/mt, flat from yesterday's magnesium ingot price.

[SMM Magnesium Express]On June 12th, Hunan Magnesium Yu Technology became a joint production unit of the "2026 National Magnesium Industry Chain Distribution Map". The company is jointly established by Yueyang Urban Investment Group and Central South University, with a total investment of 1.227 billion yuan. After reaching production capacity, it can produce 10000 tons of magnesium alloy processing materials annually and plans to build the world's largest deep processing full industry chain production base for deformed magnesium alloys. The company relies on the technical team of Central South University to develop a complete set of new technologies for processing deformed magnesium alloys with independent intellectual property rights, and has obtained more than 50 national invention patents. In 2024, its participation in the "Key Technologies and Applications for the Preparation of High Performance Deformable Magnesium Alloys and Large Components" was evaluated by 8 academicians, and the overall technology reached the international leading level. With the gradual release of production capacity, the application scale of deformed magnesium alloys in high-end fields such as aerospace is expected to continue to expand.

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