Against the backdrop of global green development and industrial upgrading, the automotive industry is pursuing lightweighting to reduce energy consumption and extend range, while the robotics industry is in urgent need of high-performance materials to achieve flexibility and large-scale production. With its advantages of low density, high strength, and excellent shock absorption, magnesium alloy has become the core material for both industries to break through development bottlenecks. From automotive components to key robotic parts, magnesium alloy is gradually replacing traditional materials, driving the transformation of industries from "heavy manufacturing" to "precision intelligent manufacturing". The recent strategic cooperation and product launches of multiple enterprises further highlight the core value of magnesium alloy in industrial transformation.​

[SMM Survey: Lightweight + High Performance Magnesium Alloys Lead the New Track in the Automotive and Robotics Industries] Amid the global wave of green development and industrial upgrading, the automotive industry is pursuing lightweight solutions to reduce energy consumption and enhance driving range, while the robotics industry urgently requires high-performance materials to achieve flexibility and scalability. Leveraging advantages such as low density, high strength, and excellent vibration damping, magnesium alloys have emerged as a core material enabling breakthroughs in both industries. From automotive parts to critical robotics components, magnesium alloys are progressively replacing traditional materials, driving the transformation from "heavy manufacturing" to "smart precision manufacturing." Recent strategic collaborations and product launches by multiple enterprises further underscore the pivotal role of magnesium alloys in industrial transformation.

[SMM Magnesium Morning Conference Summary: Raw Material Prices Hold Firm, Magnesium Ingots and Processed Products Under Pressure] The magnesium industry chain showed a mixed performance this week. On the raw material front, dolomite supply and demand remained stable, with prices supported by rigid demand; ferrosilicon continued to hold up well due to maintenance and cost pressures. Magnesium ingot prices edged down slightly, with supply rebounding to a daily output of 2,000 mt, but domestic demand was dominated by just-in-time procurement, and foreign trade orders remained weak, leaving the market in the doldrums. Magnesium alloy prices weakened in line with magnesium ingots, but processing fees stayed high, with enterprises operating on tight schedules and spot cargoes in short supply. Magnesium powder demand was generally weak, dragged down by steel mill orders, and prices stabilized weakly. Overall, the market exhibited a pattern of "strong raw materials, weak finished products.

[SMM Magnesium Weekly Review: Production Resumptions and Rigid Demand Stockpiling Kept Magnesium Prices Under Pressure This Week] This week, the magnesium industry chain showed divergent performance across its segments. The magnesium ingot market exhibited a pattern of increasing volume and falling prices. Industry meetings failed to alleviate the supply-demand imbalance, as production resumptions by manufacturers pushed up output, while rigid demand stockpiling from downstream sectors struggled to absorb the additional supply. Export-side traders displayed mixed sentiment, with sluggish overseas demand putting export performance under pressure.

[SMM Survey: Breakthroughs in Green Production, Supply Chain Fluctuations, and Material Application Innovations] This week, the magnesium industry showed multi-dimensional developments: Australia's Latrobe Magnesium achieved a breakthrough in green magnesium production, promoting supply chain diversification; an accident at an aluminum plant in Iceland led to a sharp decline in capacity, potentially exacerbating tight magnesium supply in Europe; new-type magnesium-lithium alloy processing technology achieved dual breakthroughs in strength and lightweighting, broadening application prospects in aerospace and EVs; Emdoor released the world's lightest magnesium alloy AI notebook, leading innovation in lightweight terminal devices. Overall, the magnesium industry is ushering in new development opportunities in green transformation, supply chain resilience, and high-end applications.

[SMM Magnesium Ingot Spot Report: Supply Pressure Reemerges, Magnesium Prices Fall Under Pressure] On October 28, the ex-factory offer for magnesium ingots in the Fugu area was lowered to 16,100–16,400 yuan/mt, with the FOB offer at $2,310/mt. Market trading volume increased significantly, with the single-day trading volume exceeding 1,000 mt and the mainstream transaction price at 16,100 yuan/mt. According to an SMM survey, some magnesium plants are expected to resume production, and the industry operating rate continues to rebound. Some small plants are releasing inventory pressure through futures presales, and market sentiment remains bearish. Magnesium prices are expected to remain under pressure in the short term.

[SMM New 99.90% Magnesium Ingot CIF (India) Price] To promote international trade of magnesium ingots, assist global upstream and downstream enterprises in better grasping market dynamics, obtaining spot cargo quotations in a timely manner, reducing cross-border transaction risks and costs, and deepen research on the magnesium ingot industry chain, SMM, based on thorough market surveys, will begin publishing the 99.90% magnesium ingot CIF (India) price point starting November 4, providing a reference for the international market.

[SMM Magnesium Morning Meeting Minutes: Magnesium Plants Show Weak Reluctance to Budge on Prices, Magnesium Prices Were Under Pressure Today] Today, ex-factory prices for 99.90% magnesium ingots in the main production areas showed a downward trend. Supply side, most primary magnesium smelters experienced varying degrees of inventory buildup, and inventory pressure on the production side increased. Some manufacturers stimulated transactions with low prices.

[SMM Magnesium Morning Meeting Minutes: Magnesium Market Shows Divergence, Magnesium Ingot Under Pressure While Magnesium Alloy Prices Strong and Supply Tight] This week, the magnesium market overall exhibited weak supply and demand but with divergent internal trends. The magnesium ingot market saw strong supply and weak demand, with high operating rates and inventory putting pressure on prices, and cost support failing to alter the downward expectation; magnesium alloy, due to temporary supply-demand mismatch, saw tight spot supply supporting firm processing fees; magnesium powder transactions were sluggish, constrained by low operating rates and weak external demand; on the raw material side, dolomite demand was stable with relatively strong prices, while ferrosilicon fluctuated rangebound under cost support and just-in-time procurement. Overall, insufficient downstream demand was the core factor constraining the trends across all varieties.

In September, the cost of primary magnesium smelting showed a narrow-range fluctuating trend. Both the prices of raw coal and semi-coke increased, but due to the lag in the price increase of semi-coke, the cost of primary magnesium smelting first increased and then decreased.