Yantai Salt Lake Shares Co., Ltd. stated that the company is actively exploring new technologies for magnesium resource development, and is achieving new breakthroughs through cooperation with enterprises, universities, research institutes, and "bidding for generals". At the same time, the company's wholly-owned subsidiary Qinghai Salt Lake Special Magnesium Co., Ltd. mainly engages in the manufacture and die-casting of magnesium and aluminum alloy products. In 2022, it will invest in the construction of a 5000-ton magnesium and aluminum alloy new material development and application project in Ma'anshan City, Anhui Province.