China’s magnesium ingot output shrank 14% in April

[Improving marginal transactions, magnesium ingot consolidates in the short term] Today, China's magnesium ingot offers held steady at 15,800 yuan/mt. Some traders entered the market to stockpile, driving a slight recovery in transactions and easing bearish sentiment. The subsequent market trend will still depend on the follow-through strength of restocking orders, with the short-term market maintaining a fluctuating trend.

[Both Domestic and Overseas Markets Under Pressure, Magnesium Ingot Moves Sideways in the Short Term] Today, magnesium ingot quotes in Fugu continued to decline. The magnesium ingot market in China and overseas is under pressure simultaneously. The market is waiting for stockpiling to be released from mid-to-late September to before the National Day holiday. In the short term, prices are likely to move sideways.

【SMM Magnesium Flash】Recently, the world's first mass-produced semi-solid magnesium alloy CCB instrument panel crossbeam was rolled off the production line in Wansheng Economic Development Zone, Chongqing, developed and manufactured by Chongqing Boao Magnesium Aluminum Metal Manufacturing Co., Ltd. Compared to traditional steel structures, this product reduces weight by 50%, and compared to aluminum alloys, it reduces weight by 30% to 40%. The integrated molding structure is denser, significantly enhancing strength and resistance to deformation, filling the global gap in the mass production of semi-solid magnesium alloy CCB. With the breakthrough in mass production of this technology, the application of magnesium alloy in core safety structural components of automobile cockpits is expected to accelerate further, driving the lightweight development of automobiles to a higher level.