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

[SMM Magnesium Express]On July 15, Beijing Rentong Technology Group and Liaoning Haimi Group signed a strategic cooperation agreement in Haicheng, Liaoning, marking the official commencement of a new chapter in Liaoning Province's efforts to build a world-class magnesite industrial base. The two parties will integrate high-quality magnesite mineral resources, spearhead the establishment of a provincial-level magnesite industrial technology innovation center and an industry innovation alliance, and drive the transformation of the magnesite industry toward high-end, green, and intelligent development. With coordinated efforts from governments, enterprises, universities, and research institutions, the resource advantages of Haicheng's magnesite industry are expected to accelerate their conversion into competitive industrial advantages, supporting Liaoning in building a modern magnesite industry system with global competitiveness.

[SMM Magnesium Express]Yesterday, Jiangxi Zhongke Yamei New Materials Technology Co., Ltd., after 17 years of technological research, achieved a full closed-loop process from magnesium alloy smelting, extrusion, and die casting to waste recycling, overcoming the safe recycling technology for magnesium alloy cutting waste, further reducing comprehensive production costs by 10%. The company, established in Fuzhou High-Tech Zone, leverages the local new energy vehicle industry ecosystem. Its customized automotive magnesium alloy components for BYD have entered the prototype verification stage, aiming to increase magnesium usage per vehicle from the current approximately 10 kilograms to 50 kilograms by 2028. Upon full production capacity, the company can annually produce 100,000 tons of magnesium alloy ingots and 20,000 tons of high-performance lightweight components, with an annual output value expected to exceed 3 billion yuan. With the maturation of the full-process technology and capacity release, the large-scale application of magnesium alloy in the new energy vehicle sector is expected to accelerate.

[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.