Baowu Magnesium and Waffer Technology deepen magnesium alloy cooperation
2026-03-23 15:30:24 [Print]
On March 18, Waffer Technology (Maanshan) Limited and Baowu Magnesium Technology Co., Ltd. signed a framework agreement to jointly advance the development and application of magnesium alloys, strengthening collaboration across the lightweight materials value chain.
Under the agreement, the two companies will work closely on new material development, forming process optimization, and the expansion of downstream applications. The partnership marks a shift from a conventional supplier-customer relationship to a more integrated model built on technical collaboration and resource sharing.
Magnesium alloys, as a key lightweight material, are seeing growing adoption in sectors such as automotive and consumer electronics. Baowu Magnesium said it will leverage its innovation capabilities to deliver high-quality products and comprehensive solutions, supporting Waffer Technology in accelerating product development and market expansion.
Under the agreement, the two companies will work closely on new material development, forming process optimization, and the expansion of downstream applications. The partnership marks a shift from a conventional supplier-customer relationship to a more integrated model built on technical collaboration and resource sharing.
Magnesium alloys, as a key lightweight material, are seeing growing adoption in sectors such as automotive and consumer electronics. Baowu Magnesium said it will leverage its innovation capabilities to deliver high-quality products and comprehensive solutions, supporting Waffer Technology in accelerating product development and market expansion.
Magnesium Alloy Chip AM50A EXW China
Unit:RMB/mt
China's magnesium ingot producers' operating rate statistics by province by month
Unit: %
