SMM

[Baowu Magnesium: Magnesium Prices Lower Than Aluminum Prices Provide Opportunities for Downstream Application Expansion. Magnesium Products Are Mainly Exported to Europe, North America, Southeast Asia, Etc.] Baowu Magnesium responded: As magnesium prices fall below aluminum prices, it presents a great opportunity for the magnesium industry. It is more favorable for the expansion of downstream applications such as large components in vehicles, integrated die-cast magnesium alloy components for automobiles, robots, and construction templates. This will further enhance the enthusiasm of downstream customers to use magnesium. Previously, we promoted the application of magnesium from a performance perspective; now, we can also promote its application from a cost perspective.