Yongmaotai to build magnesium alloy precision components manufacturing project
2026-09-22 10:39:57 [Print]
Yongmaotai announced on September 21 that it plans to raise up to RMB998 million (USD149.05 million) through a private placement to targeted investors.
After deducting issuance expenses, the proceeds will be used for a magnesium alloy precision components smart manufacturing project, a Mexico automotive components smart manufacturing base project, a smart equipment precision components R&D project, and to supplement working capital.
After deducting issuance expenses, the proceeds will be used for a magnesium alloy precision components smart manufacturing project, a Mexico automotive components smart manufacturing base project, a smart equipment precision components R&D project, and to supplement working capital.
Magnesium Alloy Ingot AM50A FOB China
Unit:USD/mt
China magnesium alloy producers' operating rate statistics by month
Unit: %
