Banchao Group partners with Qilingling to advance magnesium applications
2025-03-11 17:27:39 [Print]
On March 7, Xinjiang Banchao Group Co., Ltd. and Zhejiang Qilingling Industrial Internet Co., Ltd. entered into a strategic cooperation framework agreement. The partnership will focus on supply chain management, marketing, and technical cooperation for magnesium ingot and magnesium alloy materials, with the goal of expanding their applications in automotive, aerospace, and new energy industries.
Under the agreement, Qilingling will leverage its expertise in supply chain management and platform services, providing logistics, warehousing, inventory optimization, and supply chain finance solutions to enhance Banchao Group's operational efficiency. Meanwhile, Banchao Group will capitalize on its leading position in the production, R&D, and sales of magnesium-based materials to ensure a stable supply of high-quality products.
The two companies will also collaborate on marketing initiatives to expand the market share of magnesium alloy materials. Additionally, through technical cooperation, they aim to drive material innovation and develop customized solutions for downstream clients. This strategic alliance strengthens both companies' positions in the magnesium alloy industry, enhancing the scale, application, and market competitiveness of magnesium-based materials while fostering a mutually beneficial, win-win partnership.
Under the agreement, Qilingling will leverage its expertise in supply chain management and platform services, providing logistics, warehousing, inventory optimization, and supply chain finance solutions to enhance Banchao Group's operational efficiency. Meanwhile, Banchao Group will capitalize on its leading position in the production, R&D, and sales of magnesium-based materials to ensure a stable supply of high-quality products.
The two companies will also collaborate on marketing initiatives to expand the market share of magnesium alloy materials. Additionally, through technical cooperation, they aim to drive material innovation and develop customized solutions for downstream clients. This strategic alliance strengthens both companies' positions in the magnesium alloy industry, enhancing the scale, application, and market competitiveness of magnesium-based materials while fostering a mutually beneficial, win-win partnership.
Magnesium Ingot 99.95%min EXW China
Unit:RMB/mt
China's magnesium ingot producers' inventory to production ratio statistics by province by month
Unit: %
