Japanese Rice Bran Magnesium Shows Sustained Absorption, Exported to Multiple Markets

[Magnesium Ingot Futures Edge Higher, Downstream Purchases on Demand, Upward Momentum Lacking] Today, the magnesium ingot market continued to hold up well. Supply-side EXW prices rose, but the demand side remained sluggish, leaving the market with only small volumes of just-in-time procurement.

[SMM Magnesium Express]Today, Latrobe Magnesium in Australia released the latest progress of its demonstration plant Phase 1B: the project construction has been completed by 50%, the prototype furnace testing has been successfully completed, the core support design has been verified at an operating temperature of 1180 ° C, and a key technical risk has been overcome. The installation of the block pressing system is basically completed and is about to enter debugging. The company maintains its target of producing the first batch of magnesium metal in the second half of the year unchanged. With the steady progress of the project, its low-carbon process route for extracting magnesium metal from industrial waste is expected to be gradually validated, providing new technological options for the diversified layout of the global magnesium supply chain.

[SMM Magnesium Express]Recently, according to the Integrated Media Center of Lanxi City, Lanxi High tech Zone is focusing on building the entire magnesium industry chain and striving to create a "first mover of magnesium good scenes" with high standards. At present, a provincial-level magnesium material professional testing platform has been established in the district, gathering more than 90 professional talents. The pilot base has completed the development of nearly 30 samples and the trial production of more than 4000 products. There are currently 10 magnesium industry projects with a total investment of 2.88 billion yuan. Meanwhile, the East China Light (Magnesium) Alloy Distribution Center, covering an area of over 250 acres, is about to commence construction. With the continuous improvement of the "one hospital, one park, one base" architecture, the cluster development trend of Lanxi magnesium material industry is becoming increasingly evident, and it is expected to become a new highland for technological innovation and scene application of magnesium industry in the Yangtze River Delta region.