Shaanxi Nonferrous Invests 2 Billion in Xinjiang to Boost Magnesium Industry and Central Asia Exports

[SMM Survey: Henan Dewei Technology Co., Ltd. Takes the Lead in the Global Magnesium Alloy Wheel Hub Mass Production Track with Core Technology] In July 2026, the R&D team of Henan Dewei Technology Co., Ltd. is fully advancing the quality inspection and final factory review of magnesium alloy wheel hubs to be exported to Ford in the US. The enterprise holds China's only patent for the core forging process of magnesium alloy wheel hubs, possesses a globally scarce mass production line, and leads the industry in mass production technology. Currently, its products have passed certifications from multiple high-end automakers such as Mercedes-Benz, BMW, and Porsche, making it the only magnesium alloy wheel hub enterprise in China capable of mass supply to high-end automakers. This technological breakthrough has broken the overseas technology monopoly, filled the gaps in China's automotive lightweight parts industry, and significantly enhanced the international competitiveness of domestic auto parts.

[SMM Weekly Magnesium Review: China Magnesium Market Retreats After Rapid Rise; Foreign Trade Remains Sluggish] This week, the magnesium ingot market in the main producing areas retreated after a rapid rise. At the beginning of the week, maintenance provided support to quotations, but downstream high inventory and fear of high prices suppressed transactions. Some producers offered discounts to sell, and magnesium prices weakened under pressure. Tianjin port FOB prices followed the decline of domestic EXW prices passively. Outside China, summer break led to weak demand, and high ocean freight rates suppressed transactions. Dolomite prices remained stable, with limited cost support. Magnesium powder and magnesium alloy followed magnesium ingot by falling first and then stabilizing. Downstream steel mill desulfurization, titanium sponge, and die-casting enterprises entered the off-season, with sluggish transactions. The oversupply pattern remained unchanged. In the short term, the magnesium market is expected to continue moving sideways.

[SMM Magnesium Survey: Australian Brown Coal Magnesium Extraction and Mg Alloy R&D Both Make Progress, with Enhanced Domestic Supply Capacity and High-End Applications] Latrobe Magnesium has secured $16 million in financing for the commissioning of the magnesium metal section of its demonstration plant, plans to start production in H2, and has already locked in sales to the US market. Monash University, in partnership with CSIRO, has developed a new-type magnesium alloy that increases shear stress by 33 times, providing a new material foundation for automotive and aerospace lightweighting.