Yongmaotai Chairman Outlines Magnesium Alloy Expansion, Targets Automotive and Robotics Markets

[SMM Magnesium Express]On July 14, according to industry media reports, Shaanxi Nonferrous Metals Holding Group completed the largest single capital investment outside the province in Tacheng, Xinjiang, injecting 2 billion yuan to establish a mining investment company and accelerate the layout of magnesium-based new materials industry. This move aims to build a stable dolomite ore supply base, forming deep coordination between "mine-side—processing-side" with Shaanxi Fugu's globally largest primary magnesium smelting capacity, while leveraging the Bactou Port in Tacheng to open an export channel to Central Asia, promoting a full-chain layout of the magnesium industry. With both resource and export channels fully connected, China's upstream resource control and pricing influence in the global magnesium market are expected to gradually strengthen.

[Magnesium Ingot: Price Holding and Concessions Coexist, Weak Demand Drags on Transactions] Today, on the supply side, after consecutive price cuts, magnesium ingot producers’ willingness to hold prices firm strengthened, but some continued to offer concessions to facilitate transactions amid inventory pressure. On the demand side, markets in and outside China remained mediocre, with export quotations under pressure. It is expected to be in the doldrums in the short term.

[SMM Magnesium Express] Recently, according to industry media reports, Chongqing Boao Magnesium Aluminum, in collaboration with Haitian Zhisheng Metal, unveiled the world's first mass-produced semi-solid process magnesium alloy dashboard crossbeam, designed for Seres' high-end models. The product is manufactured using Haitian's 3600T magnesium alloy injection molding machine, achieving over 45% weight reduction compared to traditional steel structures and 30% to 40% reduction versus aluminum alloy, without compromising rigidity and safety performance. It has now achieved stable daily production of 1,000 sets. As semi-solid magnesium alloy mass production technology continues to mature, the large-scale application of magnesium alloy in automotive core structural components is expected to further accelerate.