June 17 spot price of SMM rare earths

[Supply-Demand Tug-of-War Persists, Magnesium Ingot Market Under Pressure as Peak Season Falls Short] Some producers in China have periodically released small volumes of low-priced supply, while stockpiling for the two festivals only drove a modest recovery in transactions. With a lack of demand growth both in China and overseas, magnesium prices continue to consolidate on a subdued note, supported by firm pricing and cost floors.

[August silicone exports up MoM, imports down MoM] Customs data shows that in exports, China's exports of primary-form polysiloxane (silicone) stood at 39,100 mt in August 2026, up 5.25% MoM but down 18.75% YoY. In imports, China's imports of primary-form polysiloxane (silicone) stood at 5,900 mt in August 2026, down 15.02% MoM and down 18.28% YoY.

【SMM Magnesium On September 22, Yongmaotai announced that it plans to raise no more than 998 million yuan through a private placement. Of this amount, 520 million yuan will be invested in the intelligent manufacturing project of magnesium alloy precision components. Once the project reaches its designed capacity, it will be able to produce 4.5 million magnesium alloy automotive parts and 350,000 sets of lightweight components for intelligent robots annually. Currently, the company has established more than 20 magnesium alloy die-casting production lines, covering models ranging from 650 to 7000T, and has ordered 10 semi-solid equipment units. It has also established cooperation with major automakers such as XPeng and BYD. With the implementation of the private placement project, the production capacity of magnesium alloy precision manufacturing is expected to accelerate, and lightweight components for robots may become a new growth point.】