South Korea to build Mg spare and accessory part industry park
2018-08-24 17:20:33 [Print]
South Korean Industry and Commerce Department ("the Department") is reported to be working with Balanced Development Commission on choosing the site for a proposed project on light-weight Mg products and accessory parts ("the Project"). In November 2017, both sides signed a globally first cooperation agreement on light-weight Mg spare and accessory parts.
It is reported that both sides intend to build a magnesium industry complex at a site near POSCO Mg-plate plant. A Suncheon-based new material subsidiary institute is proposed to be built as Mg research center; and in response to demand for light-weight materials, the Department also plans to set up a global Mg R&D center. By the year of 2025, South Korean government will invest KRW268.6 billion into constructing the global R&D center.
It is reported that both sides intend to build a magnesium industry complex at a site near POSCO Mg-plate plant. A Suncheon-based new material subsidiary institute is proposed to be built as Mg research center; and in response to demand for light-weight materials, the Department also plans to set up a global Mg R&D center. By the year of 2025, South Korean government will invest KRW268.6 billion into constructing the global R&D center.
Magnesium Alloy AZ91D EXW China
Unit:RMB/mt
China magnesium alloy producers' output statistics by month
Unit: mt
