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

[SMM Survey: Geely Launches Thunder 16-in-1 Intelligent Electric Drive with Magnesium Alloy Housing, Securing Two Guinness Records] On July 16, Geely officially launched the Thunder 16-in-1 intelligent electric drive, the most highly integrated mass-produced 800V high-voltage electric drive system in the world, which successfully secured two officially certified Guinness records. This breakthrough resolves the industry-wide technical challenge for high-performance BEV models, where strong power often leads to high energy consumption and energy efficiency limits performance, further refining the domestic layout of core EV technologies.

[SMM Magnesium Survey: North American Magnesium Industry Resource Development, Technological Breakthroughs, and Commercialization Advancing Together] Element One is advancing a magnesium mine project in Washington State, aiming to fill the gap in North America’s domestic processing capacity, reduce dependence on overseas supply chains, and provide a secure, low-carbon regional magnesium supply for national defense, aviation, automotive, and other industries. Estes has launched the Levius™ full-stack magnesium processing platform and achieved commercial shipments of the Magnus™ battery system, which has an energy density of over 225 Wh/kg (a 30% increase). The platform, compatible with automotive manufacturing cycle times, is scaling up to fulfill contracts for rail, maritime, and road customers, expanding magnesium into high-end electrification applications.

[SMM Magnesium Weekly Review: Holding Up Well Then Consolidating at Highs, Supply Strong and Demand Weak Pattern Unchanged] At the beginning of the week, boosted by restocking for rigid demand and news, magnesium ingot quotations edged up slightly. However, high inventory suppressed downstream purchases, and upward momentum was insufficient. FOB quotations at Tianjin port followed the rise. Summer break outside China combined with high ocean freight rates led to sluggish foreign trade transactions. Dolomite prices remained stable, with ample supply. Magnesium powder and magnesium alloys edged up slightly following magnesium ingot and then stabilized. Demand from die-casting was weak in the off-season, and the pattern of strong supply and weak demand remained unchanged. In the short term, magnesium prices will continue to move sideways.