The "2024-2030 China Magnesium Smelting Industry Market Development Trend and Investment Prospect Research Report" (hereinafter referred to as the "Report") compiled by Zhiyan Consulting is a professional market research report in the field of magnesium smelting in China, and is a faithful recorder and witness of the development of the magnesium smelting industry. It aims to provide a comprehensive reference for Chinese magnesium smelting industry manufacturers, government agencies and industry experts to understand and grasp the development of magnesium smelting in China.
The report has been published annually since 2017 and has been published for eight consecutive years. The "Report" has a total of 10 chapters, from the aspects of development overview, development environment, supply and demand status, competition pattern, enterprise dynamics, development trends, investment strategies and other aspects, through detailed data, comprehensively summarized and reviewed the new trends and highlights of the magnesium smelting industry in 2023, and at the same time carried out in-depth thinking on the existing problems. A series of useful suggestions and future prospects are put forward for the high-quality development of the magnesium smelting industry in the next step.
Magnesium and its alloys are the lightest metal structural materials used in industry so far, with light weight, low density, high strength, good die-casting performance, noise reduction, electromagnetic shielding and shock absorption, recyclability and other characteristics, known as the most promising green engineering materials in this century. Magnesium smelting is the process of extracting useful components from magnesium-containing raw materials to obtain magnesium metal. The magnesium-containing raw materials for smelting magnesium mainly include magnesite, dolomite, carnallite, salt lake water and seawater containing magnesium chloride. According to statistics, in 2023, the output of magnesium metal in mainland China will be 822,000 tons, the demand will be 505,000 tons, and the market size will be 11.28 billion yuan.
The upstream of the magnesium smelting industry chain involves the excavation and collection of magnesium ore, such as the mining of magnesium-containing minerals such as magnesite and dolomite, including the separation and refining process of magnesium ore, as well as the process of extracting magnesium from seawater and salt lakes. The midstream converts primary magnesium into magnesium alloys, which involves casting and plastic molding processes. Downstream applications include automotive, rail transit, construction, 3C (computer, communication, consumer electronics), leisure and health, military, energy and other important industries.
Domestic magnesium smelting industry enterprises mainly include Baowu Magnesium, Yanbixin, Shuifa Zhenxin, Xintian Magnesium Alloy, Wenda Magnesium Aluminum, Tianyu Magnesium, Rigge Metal, Bada Magnesium, Dongfeng Magnesium, TEDA Coal, Jingfu Coal, Fugu Fangzheng, Western Magnesium, Huashengrong Magnesium, Yinguang Magnesium, Zhonghao Magnesium, etc. Among them, Baowu Magnesium has a complete industrial chain of "dolomite mining - primary magnesium smelting - magnesium alloy smelting - magnesium alloy precision casting and deformation processing - magnesium alloy recycling". In 2023, the revenue will be 7.652 billion yuan, a year-on-year decrease of 15.96%, of which the revenue of magnesium alloy products will be 2.528 billion yuan, a year-on-year decrease of 23.58%. Bada Magnesium is a large-scale enterprise integrating mining, primary magnesium smelting, alloy casting and recycling, magnesium/aluminum alloy casting, and magnesium/aluminum alloy rolling processing, and has been among the top five magnesium metal producers in China for many years. Zhonghao Magnesium owns a large-scale magnesite mine with reserves of 220 million tons in Wangjiabao, a high-quality mining area in Haicheng. The company's production capacity reaches more than 2 million tons, including an annual output of 100,000 tons of fused large crystals, 300,000 tons of fused magnesium, 300,000 tons of high-purity magnesium, 300,000 tons of heavy burned magnesia, 800,000 tons of lightly burned magnesia, 650,000 tons of flotation concentrate powder, 100,000 tons of magnesia bricks, and the production and processing of various amorphous refractories.
The research team of Zhiyan Consulting conducted an in-depth analysis of the scale, industrial structure, key enterprises, and industrial development trends of China's magnesium smelting industry, and put forward suggestions for the problems existing in the development of the magnesium smelting industry, providing reference for local governments, industrial chain related enterprises, and investment institutions.
Data Description:
1: The core data of this report has been updated to December 2023 (the relevant financial indicators of non-listed companies in the report are affected by corporate credit approval, and there may be a certain lag), and the forecast period of the report is 2024-2030.
2: In addition to the first-hand research information and data, authoritative data sources such as the National Bureau of Statistics, China Customs, industry associations, and public reports of listed companies (prospectuses, transfer prospectuses, annual reports, inquiry reports, etc.) also constitute the data sources of this report. The first-hand data comes from the first-hand information data obtained by the research team from interviews with key enterprises in the industry, and the main interview subjects include corporate executives, industry experts, technical leaders, downstream customers, distributors, agents, distributors and upstream raw material suppliers. Secondary sources mainly include relevant industry news, company annual reports, non-profit organizations, industry associations, government agencies and third-party databases from around the world.
3: The core data of the report is based on the strict data collection, screening, processing, analysis system and independent calculation model of the Zhiyan team to ensure the accuracy and reliability of statistical data.
4: The data used in this report are all from compliance channels, and the analysis logic is based on the professional understanding of the Zhiyan team, which clearly and accurately reflects the research views of analysts.
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