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

[SMM Magnesium Express]Today, according to China Securities Journal, Xu Hong, Chairman of Yongmaotai, elaborated systematically on the company's magnesium alloy strategic layout in an exclusive interview. The company defines its magnesium alloy business as a "second growth curve," establishing a magnesium alloy division and building new magnesium alloy die-casting factories in two major bases in Anhui and Chongqing. The planned production lines will exceed 20, covering models from 650T to 7000T, and introduce semi-solid forming technology, targeting core structural components such as automotive instrument panel beams, electric drive housings, and rear floor panels. Xu Hong noted that by 2030, the per-vehicle magnesium usage in China is expected to increase from the current 8 kilograms to 45 kilograms, corresponding to an incremental market of approximately 50 billion yuan. As production capacity gradually ramps up, the large-scale application of magnesium alloy in automotive and robotics sectors is anticipated to accelerate.

[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.