Jiangsu Runze to build Al-Mg alloy project in Wuzhou
2024-05-24 13:32:40 [Print]
On May 21, Jiangsu Runze Special New Material Co., Ltd. reached a deal with the municipal government of Wuzhou to build an aluminum-magnesium alloy project at Guangdong-Guangxi Cooperation Special Pilot Zone.
The new energy aluminum-magnesium titan alloy project includes two phases, and the first phase, with an investment of RMB7 billion (USD966 million), will mainly produce integrated cast components and battery tray for NEVs, Al-Mg alloy storage tank, special lightweight materials for rail transit for aerospace and so on, with an annual production value of nearly RMB13.5 billion (USD1.86 billion).
The new energy aluminum-magnesium titan alloy project includes two phases, and the first phase, with an investment of RMB7 billion (USD966 million), will mainly produce integrated cast components and battery tray for NEVs, Al-Mg alloy storage tank, special lightweight materials for rail transit for aerospace and so on, with an annual production value of nearly RMB13.5 billion (USD1.86 billion).
Magnesium Alloy AM60B FOB China
Unit:USD/mt
China magnesium alloy producers' number MoM output increase statistics by month
Unit: pcs
