Magnesium Powder Output Up in February, Forecast for March

[SMM Magnesium Express]Recently, it was reported that Shanxi Kelite Precision Casting Technology Co., Ltd. plans to officially commence production of its light alloy integrated die-casting project in mid-July. With a total investment of 100 million yuan, the project can produce 8 million lightweight robotic precision structural components annually, primarily serving sectors such as meal-delivery robots, household service robots, and new energy vehicles. Leveraging Shanxi's magnesium ore resource advantages, the company has successfully transformed from a traditional pipe-casting enterprise into a high-end precision manufacturing entity. It has introduced cold high-pressure die-casting core technologies and established a provincial-level doctoral entrepreneurship station in collaboration with North University of China. With the project's launch, the large-scale application of magnesium alloy in intelligent robotics and new energy vehicles is expected to deepen further, accelerating the transition of traditional casting enterprises toward high-end magnesium alloy manufacturing.

[SMM Magnesium Express]On July 3, IML and Chongqing Yujang Die-Casting officially established a strategic partnership in semi-solid magnesium alloy forming technology. The two parties will collaborate closely on technological R&D, mass production breakthroughs, and market applications, while deploying multiple large-scale semi-solid injection molding equipment for magnesium alloys. The cooperation aims to integrate the entire chain from materials and processes to mass production, focusing on scaling up the application of magnesium alloys in critical components such as electric drive housings and vehicle structural parts. This will provide high-performance lightweight solutions for industries like new energy vehicles, 3C electronics, and humanoid robots. With continuous progress in industrial chain collaboration, the mass production barriers for semi-solid magnesium alloy forming are expected to be accelerated, further speeding up the process of large-scale application.

[Producers Slightly Hold Prices Firm, Weak Demand Drags Magnesium Prices to Consolidate] Today, the quotation for 99.90% magnesium ingot in the main producing area was 15,700-15,800 yuan/mt, down 50 yuan/mt from the previous working day.