Donghe New Materials Invests in 200,000-Ton Fused Magnesia Project in Inner Mongolia with Green Energy Integration

[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.

In June, China's total magnesium product exports reached 39,400 mt, up 4.8% MoM and 10.9% YoY. Of this, magnesium ingot exports were 22,700 mt, down 5.5% MoM, mainly dragged down by the traditional off-season demand in and outside China. In contrast, magnesium powder and magnesium alloy exports performed strongly, up 21.2% and 33.2% MoM respectively, driven by periodic restocking, downstream stockpiling in advance, and the rapid development of sectors such as lightweight vehicles.