Yian Tech's Magnesium Revenue Surges 64.41% in H1 2026, Driving Company Growth

【SMM Magnesium Flash】Recently, the magnesium alloy one-piece die-casting rear floor sample jointly promoted by Deli Technology and Ideal Automobile was officially rolled off the production line. The project completed mold development, equipment debugging, and process verification in just three months, relying on the Bühler 9200T die-casting equipment to successfully achieve high-quality molding of large thin-walled magnesium alloy components. Magnesium alloy has a density of only two-thirds that of aluminum alloy and one-quarter that of steel, and the weight reduction effect can be translated into longer endurance and lower energy consumption. The roll-off of this sample marks the transition of large-scale magnesium alloy one-piece die-casting from the laboratory to the mass production workshop, which is expected to accelerate the lightweight process of new energy vehicles.

【SMM Weekly Magnesium Review】This week, the mainstream offer for 9990 magnesium ingots in major production regions stands at RMB 16,050-16,150/ton, up RMB 300/ton week-on-week, with FOB offers at USD 2,280-2,380/ton and an average price of USD 2,330/ton. Driven by rising costs of coal and ferrosilicon, magnesium ingot prices climbed during the week, coupled with some restocking purchases at higher prices in foreign trade; however, the overall market sees strong supply against weak demand, transactions at high prices lack momentum, and prices have already shown signs of decline in the later period. Meanwhile, there is no substantial recovery in overseas demand, with the market mostly seeing tentative inquiries, limited actual transaction volumes and obvious price suppression from buyers, keeping trading activity muted. Downstream magnesium powder and magnesium alloys passively follow the price hike of magnesium ingots; terminal demand for magnesium powder remains sluggish, with some enterprises cutting production or suspending operations, exports restricted, and inventories rising to some extent. Spot inventories of magnesium alloys are abundant, with fierce competition among peers, die-casting enterprises face insufficient orders leading to declining operating rates, and processing fees remain under continuous pressure. In the short term, the support from costs and weak demand are locked in a game, the upward momentum of magnesium prices lacks follow-up, and the market may return to range-bound movement; subsequent focus will be placed on the release of domestic and foreign orders.

【SMM Magnesium Flash News】On September 2, the bidding result of Xiaobaodang of Shaanxi Coal: the starting price of Xiaobaodang 38 lump coal is 800 yuan/ton (up 100 yuan/ton from the previous issue), the bidding volume is 55,000 tons (down 40,000 tons from the previous issue), the average transaction price is 932.73 yuan/ton (up 138.73 yuan/ton from the previous issue), and the transaction range is 924-942 yuan/ton.