Boao Magnesium receives state funding for Mg-Al alloy project

Chongqing Boao Magnesium Aluminum Manufacturing Co.Asian Metal Copyright, a subsidiary of Baowu Magnesium, has received state funding of RMB43.Asian Metal Copyright, Ltd.Asian Metal Copyright01 million in ultra-long special treasury bonds for its high-performance and lightweight magnesium-aluminum alloy production base and innovation RD center "the project" in Wansheng, Chongqing.Asian Metal Copyright, a subsidiary of Baowu Magnesium, has received state funding of RMB43.Asian Metal Copyright54 million, the project will be able to recycle 20,000t of magnesium metal for refabrication annually.Asian Metal Copyright2 million (USD6.Asian Metal Copyright54 million, the project will be able to recycle 20,000t of magnesium metal for refabrication annually.Asian Metal Copyright01 million) in ultra-long special treasury bonds for its high-performance and lightweight magnesium-aluminum alloy production base and innovation R&D center ("the project") in Wansheng, Chongqing.

With a total investment of RMB363 million (USD50.54 million), the project will be able to recycle 20,000t of magnesium metal for refabrication annually.

.Asian Metal Copyright2 million USD6Asian Metal Copyright