Yian Tech's Biodegradable Magnesium Screw Shows Promise in Knee Ligament Reconstruction Trials

[SMM Magnesium Express]On July 1st, according to foreign media reports, the construction of the first phase demonstration plant of Latrobe Magnesium in Victoria, Australia has been completed by 33%, and installation and commissioning are being promoted to prepare for the first production of magnesium metal in the second half of 2026. At present, key facilities such as the reduction furnace platform, quicklime system, and public pipelines have been completed, and the main control panel and screw feeder have been installed and tested for power on. The company plans to conduct the second prototype furnace test in mid July, and the overall project is steadily progressing. With the gradual operation of demonstration plants, the local magnesium smelting capacity in Australia is expected to achieve breakthroughs, providing new supplements to the regional supply chain.

[SMM Magnesium Express]This week, social inventories increased by 1.83% month-on-month, showing a slight accumulation trend overall. Regional inventory disparities were pronounced: in Shaanxi, traders actively settled orders, leading to a minor inventory drawdown; in Shanxi's production area, new supplies flowed into warehouses. Meanwhile, export orders at Tianjin Port were sluggish, hindering external sales and resulting in inventory buildup in both regions, ultimately driving a modest rise in social inventories. Currently, downstream end-user procurement remains limited, and circulation supplies are digesting slowly, with inventory pressure likely to continue suppressing the rebound space for magnesium prices.

[SMM Magnesium Weekly Review: Entire Magnesium Industry Chain Weakens; Supply-Demand Weakness Keeps Market Under Pressure] This week, China's magnesium industry chain was in the doldrums across the board. Dolomite prices in Wutai, Shanxi, remained flat. Regional supply tightened, but national supply was ample, and only just-in-time procurement was insufficient to drive prices higher. Fugu and Shenmu 9990 magnesium ingot mainstream prices were 15,750-15,850 yuan/mt, down 200 yuan on the week. High in-factory inventory prompted producers to sell at lower margins, while downstream buyers stayed on the sidelines, making only small restocking purchases, resulting in slow destocking. The average FOB price of magnesium ingot at Tianjin port was $2,275/mt. Overseas demand was sluggish due to the summer break, foreign buyers pushed for lower prices, and new orders were scarce. Falling raw material prices dragged down magnesium powder and magnesium alloy prices. Small and medium-sized magnesium alloy plants cut production, but earlier stockpiles were ample. Two-wheeler demand weakened, putting processing fees under pressure. Both upstream and downstream demand softened simultaneously, and cost support was insufficient. In the short term, the entire magnesium product range is expected to remain in the doldrums.