In April, the mist and rain are soft in Yongcheng, and the willow bridge and flower harbor reflect the blue water; the cherry blossoms are red and the apricots are white, and the spring breeze is smiling in Ningbo Island. On April 18-19, the "12th Magnesium Summit" hosted by Asian Metal and co-organized by Shanxi Fuhengdi New Materials Co., Ltd., Anhui Huanyue Materials Technology Co., Ltd., and Wuchan Zhongda Qixin Alloy Materials Co., Ltd. Industry Summit" was held grandly in Ningbo, Zhejiang. Topics covered in this magnesium industry summit include magnesium ingots, magnesium powder, magnesium alloys, aluminum alloys, titanium sponge, magnesium alloy die-casting, extruded profiles, automotive industry and magnesium waste and other hot spots in the entire industry chain. The meeting received widespread support from people in the magnesium industry. More than 400 representatives from all over the world attended this event. The venue was full of guests, discussing the magnesium market, focusing on hot topics and exploring directions!

The summit officially started at 9:00 am on April 19. Mr. Jiawei Jiang, Content Director of Asian Metal, announced the grand opening of the meeting as the host. Mr. Jiawei Jiang first expressed his warm welcome and heartfelt thanks to all the old and new friends who came to attend the conference. The plan for the year begins in spring, and the momentum at the beginning reflects the spirit. Today we all gather together in the beautiful Ningbo to write a new chapter and embark on a new journey together.

First of all, Mr. Tiefei Huang, Chairman of Wuchan Zhongda Qixin Alloy Materials Co., Ltd., delivered the opening speech for this summit. Director Huang expressed his warm welcome and heartfelt thanks to the leaders at all levels, member units, and domestic and foreign guests who attended the 12th International Magnesium Summit! With the advancement of science and technology and the development of industry, the demand and application fields of magnesium are also constantly expanding. Therefore, colleagues in the magnesium industry shoulder the important mission of promoting industrial development and meeting social needs. In the past year, the magnesium industry has experienced many challenges and opportunities in the global economic tide. Factors such as raw material price fluctuations, further tightening of environmental protection policies, and continuous iteration of process equipment and technology have had a profound impact on the industry. Against this background, colleagues in the magnesium industry have shown tenacity and perseverance, constantly innovated and surpassed, and achieved steady development. With the rapid development of new energy, new materials and other fields, the application of magnesium metal is expanding in aerospace, automobiles, electronics and other fields. The country has issued a series of policies to classify magnesium alloy as lightweight materials, and includes integrated die-casting, development of new smelting technology for magnesium metal, and new magnesium recycling materials as encouraged projects. The National Ministry of Science and Technology and other departments have also launched a number of national-level magnesium alloy R&D projects. The implementation of these projects has greatly promoted the development and application of magnesium alloy materials in China. However, in the face of market changes and challenges, we cannot ignore the problems and difficulties existing in the industry. How to further improve the output and quality of magnesium products, keep the price of magnesium products relatively stable, and inject strong support for downstream applications are all issues that people in the industry need to think about and solve.

Wuchan Zhongda Qixin Alloy Materials Co., Ltd. will be based on a comprehensive green transformation, continue to increase investment in safety and environmental protection, be committed to process technology innovation, proactively do a good job in "subtraction" of energy conservation and carbon reduction and "addition" of green and low carbon, and accelerate the formation of new quality productive forces. Further strengthen communication and cooperation with downstream industries, improve resource utilization efficiency, reduce production costs, and contribute to ensuring price and stable supply through technological innovation, industrial upgrading and other means; we also hope that colleagues in the magnesium industry can unite closely and face the challenges together. In response to market challenges, we will jointly seize development opportunities and actively promote the green and sustainable development of the industry.

Subsequently, Mr. Juncai Chai, Chairman of Shanxi Fuhengdi New Materials Co., Ltd., delivered the opening speech for the summit. Chairman Chai expressed his gratitude to Asian Metal for its unremitting efforts to promote exchanges and cooperation in the global magnesium industry over the years, and to build this bridge connecting colleagues in the world's magnesium industry for knowledge sharing, technology discussion, and business negotiation. At the same time, I would like to express my heartfelt welcome and gratitude to the experts, entrepreneurs, scholars and friends from all walks of life at home and abroad who participated in this summit.

Shanxi Fuhengdi New Materials Co., Ltd. is located in Yangyu Industrial Park, Wenxi County and was established in August 2007. The main products include various types of national standard metal magnesium powder for military industry, various specifications of metal magnesium chips, magnesium granules, magnesium powder, passivation magnesium powder for civilian use, etc. It can produce 1,000 tons of various types of magnesium powder for military industry, non-flaky magnesium powder, and special magnesium powder annually; 15,000 tons of civil magnesium granules and powder, 5,000 tons of magnesium chips, and 4,000 tons of passivated magnesium powder. The production capacity and output are evenly matched. Ranking among the best in the same industry nationwide. In 2021, in order to build an intelligent enterprise and give full play to its brand advantages, the company will be the first in the same industry nationwide to "apply intelligent equipment, carry out intelligent management, build intelligent factories, and realize intelligent decision-making." The first intelligent management and intelligent production line have been put into operation. Fulhengdi has always adhered to the business philosophy of "expanding the market with quality, winning users with integrity, striving for benefits with efficiency, and accelerating development with innovation", and has gathered a stable technical backbone team and equipped with advanced product inspection and testing equipment., established a perfect quality assurance system. The products are mainly used by related enterprises in domestic military industry, aerospace, chemical industry, medicine, steelmaking and other fields; they are exported to more than 10 countries and regions including the United States, Canada, Japan and Europe.

Immediately afterwards, Mr. Changgao Cao, General Manager of Anhui Huanyue Material Technology Co., Ltd., delivered the opening speech for this summit. Mr. Cao expressed his warmest welcome and heartfelt thanks to all magnesium industry colleagues and guests present. At the same time, he felt honored to be able to present the opening speech of this summit. Looking back on 2023, the global economy is facing multiple pressures. The geopolitical situation is turbulent, global inflation remains high, and commodities are volatile. Due to the subsequent impact of the COVID-19 epidemic, the domestic economy's economic vitality is less than expected. Under the heavy pressure of economic instability at home and abroad, our magnesium industry is also struggling to move forward. The domestic market is sluggish and demand is weak; the international energy crisis and economic recession have led to frustrated demand in various industries and hindered development. Upstream prices are going backwards, and downstream demand is poor. In the face of difficulties and pressure, how should we survive and develop in this economic downturn? Huanyue Materials built a new magnesium alloy production line in 2024, completing the company's initial blueprint for building a factory. It leveraged its regional advantages to set up magnesium alloy production and sales to assist magnesium alloy scrap and anode export sales to establish an integrated industrial chain. With the help of this summit, Mr. Cao also looked forward to all colleagues coming to Huanyue Materials for visit and guidance. Looking forward to 2024, Huanyue Materials will continue to face many opportunities and challenges. With the deepening of economic globalization, the rapid advancement of science and technology, the challenges of global competition intensifying, and the continued escalation of geopolitical conflicts, people in the magnesium industry must maintain a positive attitude, improve their competitiveness, seize opportunities, and meet challenges. Today, all outstanding colleagues from the magnesium industry are gathered here in Ningbo, with excellence and glory.

Anhui Huanyue Material Technology Co., Ltd. was established in July 2017 and is located in Xuanzhou Economic Development Zone, Xuancheng City, Anhui Province, covering an area of 35 acres and with convenient transportation. There are more than 30 employees, including 20% technical personnel, with strong technical force. The company has introduced advanced testing equipment to ensure the quality of all the magnesium alloy ingots, magnesium anodes, aluminum anodes and zinc anodes produced by the company. It can meet the needs of many die-casting manufacturers for high-quality magnesium alloy ingots and various anodes, and can also Satisfy customers' effective protection of large warships, military ports, military airports, oil tanks and civilian oil and gas pipelines. Huanyue Materials has established an in-depth cooperative research system (the application of micrometals in the field of anti-corrosion) with large-scale domestic anti-corrosion research institutions (Qingdao Marine Corrosion Research Institute of China Iron and Steel Research Institute, Qingdao 725 Institute of China Shipbuilding Industry Corporation, etc.), and is currently working with Qingdao The University of Science and Technology reached and signed a technology development agreement, investing millions to jointly develop high-performance anti-corrosion anodes with Qingdao University of Science and Technology. In recent years, our company has opened up the scrap magnesium export business and achieved good results. It is now one of the major exporters of scrap magnesium in China. Anhui Huanyue's development today is inseparable from the help and support of many customers and friends. For this, we express our sincere gratitude! We will continue to use high-quality and low-price products to help customers expand the market and achieve a win-win situation!

Subsequently, the meeting entered the reporting session. Mr. Tiefei Huang, chairman of Wuchan Zhongda Qixin Alloy Materials Co., Ltd., gave a wonderful report on "Based on the circular economy of the magnesium industry and leading the green development of the magnesium industry." Wuchan Zhongda Qixin is a large state-owned manufacturing enterprise integrating production, supply and sales in China's magnesium industry. Its controlling shareholder is Wuchan Zhongda (Zhejiang) Industrial Investment Co., Ltd., a wholly-owned subsidiary of Wuchan Zhongda Group. In the context of low carbon, Wuhan Zhongda will base itself on a comprehensive green transformation, continue to increase investment in environmental protection, devote itself to process technology innovation, proactively "subtract" energy conservation and carbon reduction and "addition" of green and low carbon, and accelerate the formation of new quality productivity.

Immediately afterwards, Mr. Weijun Zhi, General Manager of the Magnesium Products Division of Baowu Magnesium Technology Co., Ltd., gave a wonderful report on "Working Together to Create a Good World of Magnesium". As a state-owned central enterprise, China Baowu actively aligns with national strategies, highlights the responsibilities of central enterprises, and makes a difference in the development of strategic industries. This is the logic behind China Baowu's entry into the magnesium industry and the development of the magnesium industry. With the mission of "Building China's Magnesium Industry and Creating a Better Magnesium World", Baowu Magnesium has determined its near-mine development model, integrated key resources such as upstream dolomite and ferrosilicon, based on magnesium-based materials, led the application of lightweight components, and built a resource development to the entire industrial chain of magnesium recycling, achieve leadership in scale, cost, and technology, and lead the development of the magnesium industry. In terms of carbon reduction, Baowu Magnesium is committed to reducing carbon emissions from upstream raw materials and establishing a green supplier access system. Baowu Magnesium has built a new ferrosilicon plant in Lanzhou, Gansu Province. The project is supported by a green power project, which uses the abundant green power resources in the northwest region to reduce ferrosilicon carbon emissions by 35-40%. The suspension calcination process is introduced in the dolomite calcination process. Compared with the currently used rotary kiln calcination process, the overall calcination energy consumption is reduced by 30%. Improve the magnesium waste recycling and reuse system. Implement clean energy substitution, promote the construction of distributed photovoltaics on factory roofs, and sign green power supply agreements with local power grid departments. Improve energy efficiency and reduce carbon emissions by improving the magnesium reduction process.

After the tea break, Babu Jeyapal, CEO of Kristi Corporation USA, gave a wonderful report titled "Current Situation and Prospects of the North American Magnesium Market". Christie Group is a supplier of various industrial raw materials. With the purpose of building a healthy ecosystem, it recycles magnesium and aluminum products to give them a second life cycle; it is committed to building a better and more environmentally friendly future. In 2023, the global raw magnesium market size will be US$4.7923 billion. It is expected that the compound annual growth rate will be 5.9% during 2024-2032, and the market size will exceed US$8.028 billion by 2032. North America is the main market for the magnesium industry. The market size is expected to be US$2.04848 billion in 2024, accounting for about 40% of global revenue. The compound annual growth rate from 2024 to 2031 is expected to be 3.8%.

Subsequently, Mr. Kai Cui, executive vice president of Shanxi Yinguang Huasheng Magnesium Co., Ltd., made a report on "The Brilliance of Magnesium - The Development Trajectory and Future Prospects of Yinguang Magnesium Deep Processing". When talking about the opportunities and challenges of magnesium deep processing, Mr. Cui mentioned that as the application of mainstream markets continues to expand, magnesium deep processing is facing opportunities. Mainly reflected in the automobile industry: In order to improve fuel efficiency and reduce emissions, automobile manufacturers are increasingly using lightweight materials, and magnesium alloys are favored for their low density and high strength properties; Aerospace: Magnesium alloys are used in aerospace Used in manufacturing aircraft structures and engine components to reduce weight and improve performance; Consumer electronics: Growing demand for lightweight, high-performance materials for smartphones, laptops and other portable devices has driven the use of magnesium alloys in this field Applications; Medical Devices: Due to magnesium's biocompatibility, its use in manufacturing implants and surgical instruments is also increasing. At the same time, in terms of magnesium-based hydrogen storage materials, hydrogen energy is the clean energy with the greatest development potential; the hydrogen storage density of magnesium-based alloys is 1,000 times that of gases and 1.5 times that of liquids, which can achieve large-capacity solid-state hydrogen storage; it has a long life under normal temperature and pressure. Long-distance transportation is stable and safe; providing a new way for the storage and transportation of renewable energy. In addition, magnesium batteries are another advantage of deep processing. Magnesium batteries are rich in resources and have high energy density; they improve battery safety and reduce battery costs; they are environmentally friendly and biocompatible, and are regarded as the power system for the next generation of wearable and implantable electronic devices. The magnesium deep processing industry faces huge challenges. Cost: The refining and processing technology of magnesium is complex and consumes a lot of energy; magnesium is prone to corrosion and requires surface protection; technical barriers: compared with other metal materials, the processing technology of magnesium alloy is not mature enough and is suitable for special equipment and auxiliary equipment for deep processing of magnesium. Materials are relatively scarce; material performance limitations: Although magnesium alloys have the advantages of low density and high specific strength, their poor corrosion resistance and mechanical anisotropy limit the wide range of applications of magnesium alloys; environmental and health safety issues: magnesium and its alloys Harmful dust and smoke may be generated during processing, which may easily cause combustion and explosion risks; Market awareness: Compared with steel and aluminum materials, magnesium has lower market awareness, which affects its promotion and promotion in new fields. application, more publicity and education work is needed to increase the awareness of the public and potential users; Supply chain stability: Affected by fluctuations in magnesium raw material prices, political and economic factors, etc., the instability of the supply chain will affect the production cost of magnesium deep-processing products, destroying customers’ confidence in magnesium products. Yinguang looks forward to working with colleagues around the world and the Chinese magnesium industry to aim at the right direction and attack quickly to reduce the weight of the manufacturing industry, speed up the transportation industry, make Yinguang contributions to the century-old Yinguang and the tens of millions of tons of magnesium industry, and strive to maximize magnesium resources. Advantages are transformed into economic advantages, and we jointly build a better world of "magnesium".

Afterwards, Mr. Qingshan Wang, Deputy Director of the Qingyang County Investment Promotion Bureau of Anhui Province, made a special investment promotion promotion for the magnesium industry in Qingyang County (Ningbo) in 2024 in "China's Magnesium Capital, Qingyang Set Sail". Qingyang has convenient transportation and is well connected in all directions, integrating highways, railways, ports and air transportation. The Chi-Huang high-speed railway is about to be opened to traffic. This line is an important part of the "riverside channel" in the "eight vertical and eight horizontal" high-speed railway network, directly leading to Hangzhou, Wuhan, Hefei, and Nanchang are only 1-2 hours away. Transportation infrastructure projects such as Hechi Intercity and Chi-Xuan Expressway are about to start construction. After completion, they will further shorten the time and space distance with target markets such as the Yangtze River Delta and Pearl River Delta, and reduce logistics costs. Dolomite reserves for producing magnesium metal exceed 3 billion tons. It is of high quality and easy to mine, with a magnesium content of up to about 22%. The abundant resources will effectively ensure the demand for ore raw materials for the development of the magnesium industry. Anhui Province regards new energy vehicles as its first industry and has gathered a number of vehicle companies such as Chery, JAC, NIO, Changan, BYD, Volkswagen, and Hanma Technology. There is a strong demand for lightweight automotive parts. Qingyang County has introduced Anhui Baowu Magnesium's annual production of 300,000 tons of magnesium-based light alloy and deep processing projects invested by China Baowu, with a total investment of 14.8 billion yuan. After the project is completed, it will become the world's number one magnesium-based new material production base, application base and innovation base. The key projects recommended for investment in Qingyang County's magnesium industry are as follows: short-process die-casting center project; Baomai large casting commissioned processing project; bicycle (electric bicycle) parts and vehicle projects; magnesium alloy automobile wheel hub project; magnesium alloy automobile parts project; Magnesium alloy extrusion profile project; magnesium alloy 3c electronic product accessories project. China’s magnesium capital sets sail from Qingyang; a beautiful place heading towards “magnesium”.

At 14:00 that afternoon, Bart Udeshi, General Manager of Metals Range, gave a wonderful report on "The Current Situation and Prospects of the Indian Magnesium Products Market". Judging from the regional situation of the global magnesium metal market, 35% is in the Asia-Pacific region, 32% in North America, 25% in Europe, 5% in Latin America, and 3% in the Middle East and Africa. In terms of application fields, 38% are automotive, 28% aviation, 17% electronics, and 17% other (sports, pharmaceuticals, etc.). As the world's largest tractor manufacturer, India has a CAGR of 8%, and its output accounts for about 58% of the world's total; it is the world's largest manufacturer and consumer of two-wheelers; it is the second largest producer and third largest consumer of commercial vehicles in the world; it is The world's third largest producer and consumer of sedans; Indian automobile industry sales are expected to reach US$600 billion by 2035 [CAGR 8.3%]; the Indian government has lowered import taxes to 15% and increased investment by US$500 million to promote the development of electric vehicles. India is transforming into a global auto parts production center, with exports accounting for more than 25% of production; it is expected that by fiscal year 2026, India's auto component exports will increase to US$30 billion; India is competitive in the field of auto parts production, such as Exports of axles, steering wheels, fasteners, etc. are expected to expand to higher levels in the next few years. The Indian market has great prospects and the magnesium industry is brilliant.

Immediately afterwards, Dr. Zisheng Zhen, Technical Director of the Asia Pacific Region of Magontec, gave a wonderful report on "Challenges and Solutions for Market Demand on Low Carbon Footprint." Energy saving and emission reduction have always been the purpose of lightweighting vehicles, and magnesium alloys have demonstrated their potential for energy saving and emission reduction during their life cycle. As a raw material for magnesium produced by the Pidgeon process, which currently accounts for more than 90% of global supply, its advantages are not great and there is still a lot of room for improvement. The main challenges currently faced: The main competitive materials are aluminum alloy and steel. The industry is mature and has rich technology accumulation. As a major carbon emission contributing industry, a technology roadmap for a dual-carbon strategy has been formulated, and low-carbon or even zero-carbon products have begun to be developed. Smelting technology; the post-consumer scrap market in the steel and aluminum industries is large and the recycling technology is mature. In contrast, post-consumer waste recycling technology for magnesium is immature and most of it goes into steel and aluminum alloy cycles; the magnesium industry is still in its early stages of development, and high growth expectations are inconsistent with the carbon peak target. Future development needs to consider carbon emission indicators; transportation vehicles are fully electrified and green. The lightweight brought by magnesium can still help downstream users reduce energy consumption, but the carbon emission advantage of magnesium during the use stage may no longer exist; electronics, etc. In other application areas, there is no energy consumption and emission reduction in the use stage. The carbon footprint of the material itself determines the choice of downstream users. In the later stage, industry companies can work on new technologies for low-carbon smelting, recycling of post-consumer waste, and optimization of parts design to reduce carbon emissions.

Subsequently, Mr. Zhiwei Zhu, Deputy General Manager of Shaanxi Yulin Magnesium Industry (Group) Co., Ltd., gave a wonderful report on "Analysis of Supply and Demand of Magnesium Metal under the Background of Low Carbon". In 2023, China's magnesium metal production will decrease by 11.9% year-on-year, accounting for approximately 82.24% of the global share. In addition, the domestic annual average price of raw magnesium in 2023 is 22,132 yuan/ton, a year-on-year decrease of 28.1%. The magnesium-aluminum price ratio returned to within 1.2, and magnesium metal further explored its cost advantage. The market returned to the dominance of supply and demand, and policy factors were downplayed. The growth in magnesium consumption is mainly caused by the increasing demand for processing applications and aluminum alloys in the automotive industry. In 2023, domestic passenger car production and sales will reach 26.124 million units and 26.063 million units respectively. The current widespread application of magnesium alloy die-casting parts in new energy vehicles has brought new growth points to the application of magnesium metal in the automotive industry. Breakthroughs in magnesium-based solid-state hydrogen storage material technology and the application of magnesium alloy building templates have brought new opportunities to the development of the magnesium metal industry. In the era of low carbon and carbon neutrality, major car companies have successively announced their own low carbon and carbon neutral strategies. Aluminum and magnesium, as the main lightweight structural materials for automobiles, put forward higher requirements for their carbon footprint to support their respective commitments to carbon reduction or carbon neutrality goals. It can be achieved by cleaning energy; reducing energy consumption density; solving carbon emissions in the calcination process; reducing carbon emissions in the reduction process; and recycling magnesium waste will reduce the carbon density of unit magnesium products. Based on its resource advantages, capital advantages and synergy advantages, Yu Magnesium exerts its responsibility as a state-owned enterprise; it is committed to stabilizing the price and supply of magnesium metal, rebuilding industry confidence; and helping the long-term and stable development of the global magnesium industry.

Immediately afterwards, Feilong Yin, Deputy General manager of Shaanxi Magnesium Fusion Technology Co., Ltd., gave a wonderful report on "Application of Magnesium Alloy Lightweighting in Commercial Vehicles". In 2023, China s new energy vehicle production and sales account for more than 60% of the world's total. Domestic terminal retail sales of new energy heavy trucks were 34,000 units, an increase of 36% compared with 2022, and a penetration rate of 5.7%. Industry forecasts indicate that by 2025, the market penetration rate of domestic new energy heavy trucks will exceed 10%, and by 2030, this number will be close to 50%. The new energy use of commercial vehicles is the general trend. The global carbon emission reduction situation is severe. Countries around the world have regarded hydrogen energy as an important solution for carbon emission reduction and vehicle electrification. Hydrogen fuel cells are also the focus of attention in the energy field of various countries, especially It has broad prospects in the field of commercial vehicles. In the next ten years, the industry will usher in a situation where hydrogen and electricity coexist, consisting of hydrogen vehicles and electric vehicles. The new productivity in the field of trucks is to comply with the national "double carbon" requirements, save energy and create benefits for users. In 2023, Shaanxi Automobile sold 159,000 vehicles of various types, a year-on-year increase of 39.37%, firmly ranking first in the domestic heavy truck industry. For a long time, the market has developed a good reputation for Shaanxi Automobile's products as "the three major parts are mature and reliable, and the chassis is durable". With the continuous tightening of national highway overload regulations and the rapid development of efficient trunk logistics, tractor-loaded transportation has become a new standard for users to select vehicles.

Finally, Asian Metal invited well-known magnesium companies at home and abroad to participate in the summit discussion session, which was hosted by Mr. Bing Gao, General Manager of Yian Yunhai Technology Co., Ltd. The guest who participated in the discussion are as followings: Mr. Juncai Chai, Chairman of Shanxi Fuhengdi Metal Materials Co., Ltd.; Dr. Shaowen Wang, General Manager of Purchasing from Hoesch Metallurgie GMBH; Mr. Cao Changgao, General Manager of Anhui Longyue Material Technology Co., Ltd.; Mr. Fei Liu, Marketing Director of Wuchan Zhongda Qixin Alloy Material Co., Ltd.; Dr. Zisheng Zhen, Technical Director of Magontec. Relevant magnesium companies provide information on the current status and prospects of magnesium ingot supply, the current status and prospects of magnesium powder domestic and foreign markets, the current status and development trends of magnesium alloys in new energy vehicles, the application prospects of magnesium-based hydrogen storage materials in magnesium products, and magnesium building templates. The current situation and prospects, magnesium die-casting and extrusion product demand and development trends, and magnesium scrap market supply and demand status and application trends were discussed.

At 18:00 on April 19, the 12th Magnesium Summit concluded successfully with the strong support of all participating representatives. Asian Metal will continue its efforts with the same enthusiasm and assiduous professionalism, never forget its original intention and forge ahead! Committed to building an "international platform and value summit", we will continue to work hard and let us meet again at the 13th Magnesium Summit!