Asian Metal visits Yulin Magnesium

On the afternoon of 25 December, 2024, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Shaanxi Yulin Magnesium (Group) Co., Ltd. and held in-depth discussions with Mr. Daniel Zhu, the Vice General Manager, and Mr. Peter Yang, the Sales Director of the company, regarding the continued low-price fluctuations of magnesium products in 2024, the lack of confidence of production enterprises and the pressure of operation, and the hesitation of downstream users. Both sides agreed that challenges always coexist with opportunities. In the coming 2025, as the price gap between magnesium and aluminum widens, the price advantage of magnesium products will become more prominent. At the same time, with the advantages of high performance, lightweight, low carbon and environmental protection of downstream magnesium die-casting products, the promotion of magnesium alloy die-casting products in 2025 will bring a new round of application opportunities for magnesium metal.

Shaanxi Yulin Magnesium (Group) Co., Ltd. is a company jointly established by Yulin Energy Group, Fugu County Government, Shaanxi Financial Holding Group and 20 major magnesium production enterprises in Yulin on October 30, 2020 in Fugu County, the main production area of magnesium ingots in the world, in accordance with the instructions and instructions of the Shaanxi Provincial Party Committee and the Provincial Government on building a 100 billion-level magnesium-aluminum alloy industry in Yulin and the spirit of the Yulin Municipal Party Committee and the Municipal Government on building a magnesium metal export base. It is the largest industrial group in the world in terms of magnesium metal production capacity. There are currently 20 magnesium metal production enterprises under its umbrella, with a total magnesium metal production capacity of 500,000tpy, accounting for about 50% of the world's total magnesium metal production capacity; in addition, the group's total semi-coke production capacity reaches 29 million ton per year, and the total ferrosilicon production capacity reaches 1 million ton per year. At present, the company mainly sells a variety of high-purity magnesium ingots, magnesium alloys, magnesium products, semi-coke, coal tar, ferrosilicon, coal, steel and non-ferrous metals, and also exports various industrial and agricultural products and imports equipment and technology.

As a years-long partner of Asian Metal, Yulin Magnesium has been referring to market information and prices provided by Asian Metal for a long time. Yulin Magnesium thought highly of objective, fair and timely market information provided by Asian Metal and also gave positive comments on previous magnesium summits held by Asian Metal, planning to participate in the 13th Magnesium Summit to be held by Asian Metal in Xiamen on April 10-11, 2025.