[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.

Latrobe Magnesium of Australia received a $2 million advance payment to accelerate its fly ash-to-magnesium demonstration project, with all products to be sold to the US market. Canada's West High Yield Resources signed a long-term sales agreement, marking a key step toward the commercialization of the Record Ridge magnesium mine. MG plans to mass-produce semi-solid-state battery car models by the end of 2026, and the application potential of magnesium materials in lightweight structures and battery components is expected to expand.

[Magnesium Alloys Lead New Quality Productive Forces, Hydrogen Storage Goes Global + Vehicle Weight Reduction Reaches New Peaks] China’s magnesium alloy sector achieved two major breakthroughs, demonstrating the strong capabilities of indigenous innovation. On the one hand, a large-scale magnesium-based solid-state hydrogen storage device equipped with proprietary technology was successfully loaded at Shanghai Waigaoqiao Port and shipped to Malaysia, addressing longstanding pain points in traditional hydrogen storage and transportation and filling a gap in international maritime transport technology. On the other hand, the semi-solid injection-molded magnesium alloy seat frame assembly of FAW Hongqi was successfully installed, marking a key upgrade in vehicle lightweighting, with significant weight reduction achieved for each assembly. Spanning the two core fields of hydrogen storage and transportation and vehicle lightweighting, these achievements accelerated the scaled-up application of the magnesium alloy industry.