Baowu Magnesium's Outlook for Future Development

Baowu Magnesium Industry stated in its 2023 annual report that magnesium metal, as a lightweight structural material and functional material, will play an important role in promoting green, low-carbon and high-quality development. The current magnesium price has returned to a reasonable range, and the cost-effectiveness advantage is evident. The innovative application areas of magnesium alloys continue to expand, such as solid-state energy storage, large automotive components and integrated die-casting large components, and building formwork. New opportunities will emerge in the fields.