Verde Magnesium Advances Romania Project to Become Europe's First Primary Producer in 25 Years

[Magnesium Ingot Transaction Center Moves Down Slightly, Market May Continue to Consolidate on a Weak Note] Today, the spot transaction center moved down slightly, and low-priced supplies emerged. Manufacturers' sentiment toward shipments diverged; downstream buyers in China made just-in-time procurement; outside China, a small number of repeat orders emerged, with relatively large room for negotiation on actual orders. In the short term, magnesium ingots are expected to consolidate on a weak note.

[SMM Magnesium Express]Recently, Anhui Magnesium and Aluminum released a low-density magnesium alloy structural formwork at the World of Concrete Asia Expo. This product weighs only one-third of traditional steel formwork, and is approximately 30% lighter than aluminum alloy formwork of the same size. Furthermore, there is no need for secondary plastering on the wall surface after pouring. Leveraging the full industrial chain advantages of Baowu Magnesium Industry, this formwork can achieve a recycling and reuse rate of over 90%. As the demand for lightweight, green, and low-carbon construction continues to grow, magnesium alloy formwork is poised to become a new growth point in the construction formwork sector.

[Magnesium Ingot Quotations Edged Lower, Prices Fell While Volumes Rose and Deals Remained Temporarily Stable] The magnesium ingot market consolidated on a weak note, with mainstream quotations for 99.90% magnesium ingot in the Fugu area at 15,900-16,000 yuan/mt. More low-priced cargoes were available, and the transaction center edged down slightly; FOB was quoted at $2,250-2,350/mt. On the supply side, sellers proactively cut prices amid inventory pressure, while downstream buyers entered the market to restock at an appropriate time. Overall transactions showed a pattern of lower prices and higher volumes, and acceptance of 15,850 yuan/mt was moderate. However, demand remained weak. In markets outside China, affected by high ocean freight rates and exchange-rate fluctuations, firm orders still left room for negotiation, and new orders were scarce. In the short term, it was expected to remain in the doldrums.