Sea of Clouds: supply of magnesium alloys to Tesla's first-tier suppliers

Published: Jan 7, 2020 13:31

Save

SMM1 7: recently, some investors in the interactive platform to ask Cloud Sea Metal, whether the company has supplies or cooperation with Tesla.

Yunhai Metal said it is currently supplying magnesium alloys to Tesla's first-tier suppliers and is also working to strengthen cooperation with Tesla in deep-processed products.

Since its establishment, Yunhai Metal has been specializing in the smelting and Calendering of non-ferrous metals. After years of development, the company gives full play to its technical advantages, on the basis of steadily increasing the production capacity of magnesium alloy and aluminum alloy products, and constantly expands to the downstream industry chain. it has formed high value-added deep processing products such as aluminum alloy profiles and magnesium alloy die castings represented by air conditioning flat tubes, and is mainly used in the field of automotive parts and consumer electronics.

At the same time, Yunhai Metal said that in order to meet the demand of automotive lightweight, as the main manufacturer of magnesium alloy industry, vigorously develop the downstream light alloy products deep processing industry, continue to break through in the high-end material market.

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply for entry into the SMM New Energy vehicle / Cobalt Lithium Industry Exchange Group, please scan the QR code below:

Please note: sign up for the Nickel Cobalt Lithium Summit / apply for SMM New Energy vehicles / Cobalt Lithium Industry Exchange Group

Cloud metal magnesium alloy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 hours ago

Magnesium Inventory Down 4.0% WoW, Prices Fall Amid Low Demand and Supply Constraints

[SMM Magnesium Weekly Inventory Flash] This week social inventory decreased by 4.0% WoW, showing a continued destocking trend. Magnesium ingot prices drifted lower this week, with no significant recovery in downstream new orders and ex-China demand. Traders' willingness to purchase and stockpile was low, and the overall market lacked growth momentum from new orders. However, there were still small amounts of spot orders for rigid demand from downstream and traders. Amid sluggish market trading, this demand did not translate into new purchases but was mainly fulfilled through destocking existing inventories. Meanwhile, on the supply side, impacted by ongoing maintenance and losses, the inflow of new spot magnesium into the market was limited, further driving the gradual destocking of social inventory.

16 hours ago

17 hours ago

Magnesium Ingot Market Tug-of-War in Stalemate: Cost Support Coexists with Weak Demand [Magnesium Ingot Spot Express from SMM]

[Magnesium Ingot Market Tug-of-War and Stalemate: Cost Support Coexists with Weak Demand] Magnesium prices held steady today. Tightening supply of low-priced goods supported a slight upward shift in the transaction center, and some producers tentatively raised prices. However, downstream buyers and traders mainly adopted a wait-and-see stance, with only sporadic just-in-time procurement. Rising costs and sustained losses strengthened their willingness to hold prices firm. In the short term, magnesium prices lacked upward momentum while the downside was limited, continuing the pattern of moving sideways in a narrow range.

17 hours ago

18 hours ago

Domestic Magnesium Ingots Weaken, Market Consolidates at Low Level Amid Sluggish Trading Activity

【SMM Magnesium Weekly Review】This week, domestic magnesium ingots trended weaker overall. As of press time, the mainstream quotation in major producing areas stood at 15,800-15,900 yuan/ton, up 100 yuan/ton week-on-week, while the offshore FOB quotation also weakened in tandem. The domestic market as a whole is consolidating at a low level, with smelting costs forming a bottom support that limits significant downside, yet producers' reluctance to sell has eased somewhat, leading to the emergence of low-priced supplies. Downstream players and traders face insufficient orders, with cautious purchasing sentiment, resulting in generally sluggish trading activity. In terms of foreign trade, overseas summer holidays have not yet concluded, leading to sparse inquiries for offshore goods and evident price suppression from overseas buyers. The supply channel of upstream dolomite has shifted, with ample supply, keeping raw material prices stable. Downstream magnesium powder and magnesium alloys moved weaker in tandem with magnesium ingots; magnesium alloys are seeing weak supply and demand both, with processing fees under pressure. In the short term, magnesium ingots lack upward momentum, and the market is expected to maintain a narrow range oscillation pattern.

18 hours ago