[SMM Weekly Magnesium Inventory Flash Report] This week, manufacturers' inventory decreased by 0.1% month-on-month. The trading enthusiasm in the magnesium market has significantly increased this week, and the inventory of some primary magnesium smelting enterprises has been reduced. However, the current daily production level of magnesium ingots is relatively high, which has dragged down the overall market's inventory reduction pace, resulting in a limited decline in overall inventory.

[SMM Flash News] Gansu Baomei Xitie Alloy ignited a 40,500 kVA ferrosilicon furnace with a daily production capacity of approximately 110 tons, supporting the 300,000-ton magnesium alloy project of Baowu Magnesium Industry in Gansu, backing the long-term plan of 500,000 tons, ensuring self-sufficiency in raw materials for magnesium smelting, and reducing costs.

[SMM Magnesium Flash News] On April 29, the Beijing Municipal Administration for Market Regulation released a notice indicating that this year it will implement a year-long special rectification campaign targeting the illegal modification of electric bicycles. In response to the typical issues identified during the special rectification campaign, the Beijing Municipal Administration for Market Regulation recently conducted warning interviews with eight electric bicycle manufacturers, including Yadea, Aima, Tailing, Ninebot, Niu, Xiaodao, Xinri, and Luyuan, as well as their sales and agency enterprises in Beijing.

[SMM Magnesium Express] On April 28, Wuzhongda Group Joint Stock Company (Wuzhongda) released its 2025 annual report. The report revealed that in the processing of magnesium-aluminum new materials, the full industrial chain layout has achieved positive results. In 2025, this segment achieved operating revenue of 2.787 billion yuan, with a year-on-year increase of 32.59%; total profit reached 222 million yuan, with a year-on-year increase of 66.92%. The report also disclosed that by the end of 2025, its subsidiary Qixin Alloy Materials Co., Ltd. had a primary magnesium production capacity of 73,000 tons, and it is expected that the production capacity will exceed 100,000 tons by the end of 2026, further consolidating its leading position in the primary magnesium smelting industry.

[SMM Magnesium Flash News] On the evening of April 28, Baowu Magnesium Industry released its 2025 annual report, showing that in 2025, the company's revenue reached 9.912 billion yuan, with a year-on-year increase of 10.34%; the net profit attributable to the parent company was -18.5489 million yuan, turning from profit to loss year-on-year. The change in the company's performance was mainly affected by the continuous decline in magnesium prices, resulting in a significant year-on-year decrease in the profitability of the magnesium materials business; at the same time, the new project of the company's associated company, Anhui Baomei Light Alloy Co., Ltd., was in the production ramp-up stage, with low output and high costs, and combined with the low magnesium prices.

[SMM Survey: Global Magnesium Supply Landscape Undergoes Accelerated Restructuring with Simultaneous Breakthroughs in Australian Waste Residue Magnesium Extraction and EU Strategic Projects] Australia's waste residue magnesium extraction project achieved a key breakthrough, Greenland's Molli Hill received EU strategic certification, and Romania launched dual projects. The global magnesium supply chain is undergoing accelerated restructuring, with trends toward green and regional development emerging.

[Electric Drive Assembly Designated Orders Landed, Magnesium Alloy Opens Up Incremental Space in Automotive Sector] Recently, the application of magnesium alloy in the lightweighting of NEVs accelerated, with semi-solid die casting and large-scale integrated molding technology becoming the mainstream direction. Orders and capacity for core components such as electric drive housings and auto body structural parts advanced simultaneously.

[SMM Magnesium Express] Greenland Resources disclosed on April 27 that its Malmbjerg project (including magnesium) received the EU STEP Seal, accelerating a €10M investment for commercial development.

[SMM Magnesium Express] Latrobe Magnesium (LMG) announced on April 29 that its demo plant completed key tests and secured a $2M prepayment, targeting first magnesium metal output via fly ash extraction soon.

[SMM Magnesium Express] Romania's MPI Magnesium and Mineral Proiect Invest initiated magnesium projects and Euromines membership in Sibiu. With over €300M investment and a 30-year mine life, they aim to build a local strategic supply chain with EU funding.