Offers of Minor Metals in Europe (2017-09-06）

[ADC12 Price Daily Review: Aluminum Alloy Futures Rebound Under Pressure, Cost Supports Spot Stable] Today, ADC12 market quotations remained generally stable. The SMM ADC12 price held steady from the previous day at 23,900 yuan/mt.

[SMM Survey: Magnesium/Aluminum Price Ratio at 0.72 Window Period, Automakers Accelerate "Magnesium Substituting Aluminum" Lightweighting Layout] Since 2026, breakthroughs in semi-solid die-casting and other processes coupled with a pullback in the magnesium/aluminum price ratio have driven magnesium alloy automotive die castings to accelerate penetration from non-load-bearing small parts to core structural parts such as electric drive housings and rear floors, with application achievements from the four major enterprises being intensively implemented.

[Magnesium Market Drifts Lower, Downstream Restocking on Dips Improves Transactions] The magnesium ingot market continued to weaken today, with the transaction center moving further downward. In the morning, the market was in a stalemate as participants waited on the sidelines. In the afternoon, after smelters lowered their offers, downstream buyers restocked on dips, leading to improved transactions. Supported by costs, smelters had limited room to cut prices, and short-term magnesium prices are expected to consolidate in a narrow range.