Utah paid $30 million for a bankrupt magnesium plant—but not the $100 million cleanup. Its toxic legacy seeps toward the Great Salt Lake, unpaid. Across the Atlantic, Austria’s LKR cracked magnesium’s code: alloy ZAX210 now shapes into wire for medical implants and 3D printing. Two faces of the same metal: one buried in liability, the other alight with possibility.

[SMM Magnesium Express】Austrian research institutes are jointly developing new wire processing technology for ZAX210 magnesium alloy, combining twin-roll casting, continuous rotary extrusion, and wire drawing. The aim is to improve formability by optimizing microstructure and texture, expanding Mg alloy wire applications in medical and 3D printing fields.

To promote the development of the motor industry and facilitate collaboration and cooperation across the upstream and downstream industry chains, on February 27, 2025, Fan Cui, Head of the Motor Division, and Hu Yu, Manager of the Motor Division, from SMM Information & Technology Co., Ltd. (SMM), conducted a field trip to Xiamen Tungsten Motor Industry Co., Ltd. They were warmly received by Liang Junbin, Assistant General Manager and Manager of the Investment Promotion Department, and Gao Ya, Project Manager of the Investment Promotion Department, from Xiamen Tungsten Motor Industry Co., Ltd. During the visit, the SMM team gained an in-depth understanding that Xiamen Tungsten Motor Industry Co., Ltd. had been planning and constructing the Xiamen Shituo Rare Earth Permanent Magnet Motor Industrial Park in Jimei District since 2018. During the tour of the industrial park, both parties engaged in in-depth discussions on the future development of the motor industry and potential cooperation opportunities. This field trip not only deepened mutual understanding but also laid a solid foundation for establishing a strong cooperative relationship between SMM and Xiamen Tungsten Motor. This close partnership will provide both parties with a competitive edge in future market competition. It will also further drive the development of the motor industry and promote collaboration between the two companies in technology, markets, and resources, contributing to the achievement of win-win goals. It is believed that through this exchange, both parties can work together to create an even brighter future. Xiamen Tungsten Motor Industry Co., Ltd., the operating entity of the Xiamen Shituo Rare Earth Permanent Magnet Motor Industrial Park, was established in April 2018 through a joint investment by Fujian Yekong Equity Investment Management Co., Ltd. and Xiamen Tungsten Co., Ltd., with a registered capital of 1 billion yuan. Since its establishment, the company has leveraged the high-quality rare earth resources in Fujian Province and the technological advantages of Xiamen Tungsten in rare earth magnetic materials and motors to construct the Xiamen Shituo Rare Earth Permanent Magnet Motor Industrial Park in Jimei District. Aligning with the national "dual carbon" strategic goals and Xiamen City's "4+4+6" modern industrial system construction objectives, the company has planned and laid out fields such as NEV motors, servo motors, modern industrial and agricultural motors, intelligent manufacturing, and precision manufacturing. It focuses on incubating and introducing rare earth permanent magnet motor enterprises and related industry chain companies, highlighting the energy-efficient and high-performance characteristics of rare earth permanent magnet motors, and contributing to the creation of a world-class high-end intelligent manufacturing industrial cluster. The Xiamen Shituo Rare Earth Permanent Magnet Motor Industrial Park utilizes the high-quality rare earth resources in Fujian and the excellent rare earth permanent magnet materials from Xiamen Tungsten to plan and lay out fields such as NEV motors, servo motors, modern industrial and agricultural motors, intelligent manufacturing, and precision manufacturing. It focuses on incubating and introducing rare earth permanent magnet motor enterprises and related industry chain companies. Combining with the global "dual carbon" strategic goals, it highlights the energy-efficient and high-performance characteristics of rare earth permanent magnet motors, aiming to create an industrial ecosystem cluster based on motors, drives, and controls, extending to product application solutions, and fostering coordinated development across the upstream and downstream sectors. The industrial park is planned to have a total investment of approximately 10 billion yuan and cover an area of 1,500 mu. Phase I of the project commenced construction in December 2018, with a total land area of about 300 mu, and was fully completed and put into operation by 2023. Currently, the park hosts over 20 enterprises, attracting more than 1.8 billion yuan in investment. Its business scope covers NEV power motors, industrial servo motors, various facility motors, motor controllers, 3D printing, precision machining, etc. In the NEV sector, it now has the capacity to produce 300,000 advanced motor stators and rotors annually, and supplies them in bulk to top-tier enterprises such as GAC and SAIC. The Huawei project is currently undergoing certification. High-end motorized spindle products are being applied in batches to domestically produced machine tools, breaking foreign monopolies. The integrated PV+ESS low-carbon oil extraction solution is currently negotiating cooperation with Daqing Oilfield and is being promoted to Russia and the Middle East as a BRICS Innovation Center initiative. Modern agricultural motor products have empowered leading agricultural enterprises such as Muyuan and Sunner to achieve digital farming and carbon reduction. Independently developed medical electric transfer vehicles and other products have been applied in large hospitals within and outside the province, as well as in overseas markets. The industrial park is generally developing well, gradually forming a high-quality growth point that leads the development of the rare earth permanent magnet motor industry and drives regional economic takeoff. Exhibition Name: IEMC 2025 Motor Annual Conference & Industry Chain Expo Exhibition Date: November 12-14, 2025 Exhibition Venue: Ningbo, Zhejiang Scan the QR code to reserve your spot at the exhibition and stay updated on the latest industry trends!

[SMM Titanium News] Johns Hopkins researchers revolutionize titanium manufacturing using 3D printing & AI. While titanium boasts the best strength-to-weight ratio (used in golf clubs to rocket engines), conventional production remains costly. The breakthrough aims to enhance production speed and part strength, expanding applications from deep-sea to aerospace.

SMM Cobalt Morning Meeting Summary: This week, the spot price of refined cobalt maintained a fluctuating trend. On the supply side, due to the slightly lower economic efficiency of refined cobalt production, the operating rate of smelters remained low, resulting in a slight decline in the supply of refined cobalt. On the demand side, influenced by the policy-related news from the DRC, some smelters and traders reported an increased willingness of downstream producers to inquire about prices. However, currently, most buyers and sellers are still in the negotiation stage, and overall market transactions remain weak. It is expected that before the official implementation of the policy, the spot price of refined cobalt will likely continue to fluctuate.

The market fluctuated and rebounded throughout the day, with the ChiNext Index leading the gains. Trading volume on the Shanghai and Shenzhen stock exchanges reached 1.22 trillion yuan, a decrease of 252.2 billion yuan compared to the previous trading day. On the futures market, hot topics rotated rapidly, with more stocks rising than falling. Over 3,500 stocks across the market advanced. In terms of sectors, the IP economy concept remained strong throughout the day, with multiple stocks such as Enlight Media hitting the daily limit. The stablecoin concept strengthened again, with stocks like GCL New Energy Holdings and Hundsun Technologies hitting the daily limit. The chemical sector remained active, with stocks like Jinniu Chemical hitting the daily limit. On the downside, the football concept experienced volatile adjustments, with Gongchuang Lawn approaching the daily limit down. By the close, the Shanghai Composite Index rose 0.35%, the Shenzhen Component Index rose 0.41%, and the ChiNext Index rose 0.66%. Sector-wise In the sector, stablecoin concept stocks strengthened further in the afternoon, with stocks like Insigma Technology, Tiansun Technology, Hundsun Technologies, Hengbao, China Finance Online, and Oceanpayment hitting the daily limit. Stocks like Lakala and Feitian Technologies rose over 10%. On the news front, Financial Secretary of the Hong Kong Special Administrative Region Government Paul Chan Mo-po recently wrote that after the Stablecoin Ordinance comes into effect, the Hong Kong Monetary Authority will process license applications as soon as possible to allow eligible applicants to commence their businesses. Additionally, Walmart, the largest retailer in the US, and Amazon, the largest e-commerce platform in the US, have recently been exploring the possibility of issuing stablecoins in the US. This, combined with the continuous surge in Circle, a stablecoin concept stock listed on the US stock market, has also catalyzed positive sentiment for A-shares. However, after the overall volume surge in the stablecoin sector, it remains noteworthy whether there will be sufficient capital inflows to support the sector tomorrow. If the sector can maintain its upward momentum or complete a transition from divergence to consensus within the day, its short-term position may be further strengthened. Conversely, if it returns to consolidation after a sentiment peak, it should be viewed from the perspective of topic rotation, with a focus on front-line core stocks at that time. The IP economy concept remained strong throughout the day, with stocks like Enlight Media, GaoLe, Cuihua Jewelry, Yuanlong Yatu, and Dazzle Fashion hitting the daily limit. Stocks like Rastar Group, Jinghua Laser, Kingwin Laser, and Bona Film Group led the gains. On the news front, on the IP side, Labubu has gone viral globally, with the overseas expansion of domestic cultural IPs exceeding expectations. Industry insiders commented that its popularity is another vivid manifestation of Chinese creativity and innovative products gaining global recognition. Huachuang Securities remains bullish on the high-growth development of China's IP industry and the progress of cultural exports in the long term. From a market perspective, the overall position of IP economy concept stocks has already risen significantly after the hype. Therefore, amid intensifying market divergence, fluctuations in related stocks during the trading day may be more pronounced. However, as long as the medium-term trend remains intact, the overall risk is relatively controllable. In addition, the market's recent speculation on the IP economy has gradually extended to sub-sectors such as film and television, gaming, and even 3D printing. Therefore, attention can still be paid to the rebound opportunities of newly strengthened stocks in lower-tier sub-sectors. Regarding individual stocks From the perspective of individual stocks, although short-term sentiment showed some recovery today, the feedback from high-level consecutive limit-up stocks remained relatively average. As of the close, only Yuanlong Yatu remained among the stocks with more than two consecutive limit-ups today. However, stocks like Beikong Technology, Nanhua Futures, Yiming Pharmaceutical, and Hengbao Co., although unable to maintain consecutive limit-ups, still managed to sustain a strong upward structure after breaking the streak. Therefore, in terms of the current speculative style, funds are no longer confined to pure consecutive limit-up strategies but are engaging in trend-based speculation combined with industry logic. On the other hand, the number of stocks with two consecutive limit-ups today increased to 16, mainly focusing on sectors such as oil and gas, IP economy, stablecoins, and chemicals. Therefore, which stocks can stand out in the future will also be a key focus, as the themes behind them may still hold certain rebound opportunities. Market Outlook Analysis The market rebounded with fluctuations today, with all three major indices closing in the green and more stocks rising than falling. This reflects that, after last Friday's high-volume adjustment, the market still possesses considerable momentum. However, it is worth noting that today's trading volume shrank significantly (a single-day decrease of over 250 billion yuan). Combined with the recent week's trend of "volume increases during declines and shrinks during rebounds," the market will need to confirm a renewed strength by breaking above the 5-day moving average with increased volume. From the perspective of the futures market, as repeatedly emphasized recently, the current hot topics continue to rotate rapidly, making it difficult for the market to form sufficient buying momentum. Therefore, to further enhance the profitability of the futures market, a more defined leading theme is needed to elevate the market's potential. Market News Focus 1. Goldman Sachs Turns Bullish Again: Global Funds Returning to China, Favoring China's "Top Ten" Stocks According to a report by CLS on June 16, Goldman Sachs' Chief China Equity Strategist, Kenneth Lau, recently released a research report titled "The Return of Chinese Private Enterprises: The Tide Has Turned." Lau pointed out that driven by various macro, policy, and micro factors, the medium-term investment outlook for Chinese private enterprises is improving. Goldman Sachs also emulated the "Magnificent Seven" of U.S. stocks and listed China's "Top Ten," which are the ten Chinese private publicly listed firms that Goldman Sachs particularly favors. They are Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui Medicine, Trip.com, and Anta. The combined market capitalization of the aforementioned ten companies reached US$1.6 trillion, accounting for 42% of the MSCI China Index's weight, with daily trading volume reaching US$11 billion. Goldman Sachs analysts forecast that the earnings of the "Big Ten" will increase by 13% (compound annual growth rate) over the next two years, with a price-to-earnings ratio of 16x. The "Big Ten" will collectively embody the latest economic themes in China, including AI/technology development, "going global," new consumption trends, and enhancing shareholder returns. Additionally, Liu Jinjin specifically noted that investing in private enterprises does not mean excluding state-owned enterprises—Goldman Sachs reiterated its preference for a combination of "high-quality" Chinese state-owned enterprises and shareholder returns. 2. National Bureau of Statistics (NBS): Industrial Added Value Above Designated Size Grew 5.8% YoY in Real Terms in May Caijing News on June 16: Data from the National Bureau of Statistics (NBS) showed that in May, the industrial added value above designated size grew 5.8% YoY in real terms. On a MoM basis, the industrial added value above designated size increased by 0.61% in May compared to the previous month. From January to May, the industrial added value above designated size grew 6.3% YoY.