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

[SMM Magnesium Market Analysis: Magnesium Market Walked a Symmetric Consolidation Pattern in H1 2026, Weakening After the Fade of the Boom – Where Is the Bottom of Magnesium Prices?] Looking back at the Chinese magnesium market in H1 2026, affected by concentrated production halts at magnesium smelters earlier, the pattern of strong supply and weak demand quietly reversed. Tight spot supply and low inventory provided a good foundation for phased rises in the fundamentals of the magnesium ingot market. Coupled with news-driven disturbances such as surging demand for magnesium alloys, speculative demand suddenly emerged, and market procurement enthusiasm soared. In Q1, magnesium prices showed a stair-step increase. Overly high expectations boosted smelters' production enthusiasm, and magnesium smelter output rose continuously. By June 2026, China's primary magnesium production had reached 110,000 mt. The continuous increase in output added to the sales pressure on magnesium smelters. With both inventory and output rising, magnesium prices showed a stair-step decline in Q2. Overall, magnesium prices presented an inverted V-shaped trend in H1.

[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.