Qingyang Baomei and Luyuan Group form strategic partnership
2025-08-04 16:00:46 [Print]
On July 30, Qingyang Baomei Precision Manufacturing Co., Ltd., a subsidiary of Baowu Magnesium, signed a strategic cooperation agreement with Luyuan Group in Qingyang County. The partnership will focus on the innovative application of magnesium alloy materials in electric vehicles under China's new national standards.
As of 2024, China produced about 91.6% of the world's magnesium, making it a key national strategic resource. With its lightweight, shock-absorbing, and recyclable properties, magnesium alloy holds strong potential for applications in electric vehicles, E-bikes, and other mobility solutions.
As of 2024, China produced about 91.6% of the world's magnesium, making it a key national strategic resource. With its lightweight, shock-absorbing, and recyclable properties, magnesium alloy holds strong potential for applications in electric vehicles, E-bikes, and other mobility solutions.
Magnesium Alloy AM60B FOB China
Unit:USD/mt
China magnesium alloy producers' number MoM output increase statistics by month
Unit: pcs
