（编辑 丛可心） 证券日报网1月28日讯 ，宝武镁业在接受调研者提问时表示，公司子公司巢湖宝镁拥有白云岩矿资源储 量0.9亿吨，处于开采运营状态；公司子公司五台宝镁拥有白云岩矿资源储量5.8亿吨；公司参股公司安 徽宝镁持有白云岩矿资源储量13亿吨，已进行部分开采。充足的矿产资源可以充分保障公司在原镁及镁 合金生产中的原材料供应稳定性，为公司全镁产业链发展奠定基础。 ...

Core Viewpoint - Baowu Magnesium Industry has established an integrated magnesium industry chain, which includes "dolomite mining - primary magnesium smelting - magnesium alloy melting - magnesium alloy processing - magnesium alloy recycling," providing significant advantages in cost control, product quality, and market response efficiency [1] Group 1: Industry Chain and Advantages - The company has built a comprehensive magnesium industry chain that enhances operational efficiency [1] - It possesses three primary magnesium supply bases and four magnesium alloy supply bases, ensuring effective regional market demand matching [1] Group 2: Technological Development - The company has independently developed key technologies, including vertical furnace magnesium smelting equipment and large vertical furnace magnesium smelting, magnesium alloy melting purification, and forming processes [1] - Continuous strengthening of product competitiveness through technological advancements is a focus for the company [1]

Core Viewpoint - Baowu Magnesium's subsidiaries possess significant mineral resources, ensuring stable raw material supply for magnesium and magnesium alloy production, which supports the sustainable development of the entire magnesium industry chain [1] Group 1: Resource Holdings - Chao Lake Baomag has a limestone ore resource reserve of 90 million tons [1] - Wutai Baomag holds 580 million tons of mineral resources [1] - The affiliated company Anhui Baomag possesses 1.3 billion tons, with some already mined [1] Group 2: Industry Implications - The ample mineral resources provide a solid foundation for the stability of raw material supply in magnesium and magnesium alloy production [1] - This resource availability is crucial for the sustainable development of the entire magnesium industry chain [1]

Group 1: Company Advantages - Resource and complete industrial chain advantages: The company has established an integrated magnesium industry chain from "dolomite mining - primary magnesium smelting - magnesium alloy melting - magnesium alloy processing - magnesium alloy recycling," which reduces production costs and enhances price competitiveness [1][2]. - Layout advantages: The company has three primary magnesium supply bases and four magnesium alloy supply bases, optimizing resource allocation and improving operational efficiency [2]. - Technological innovation advantages: The company focuses on technological innovation and product development, investing in new technologies and key production techniques, enhancing core competitiveness [2]. Group 2: Resource and Production Data - Dolomite resource reserves: The company's subsidiary, Chaohu Baomag, has dolomite reserves of 90 million tons, while another subsidiary, Wutai Baomag, has 580 million tons, and a joint venture holds 1.3 billion tons [3]. - Domestic primary magnesium production: In December 2025, China's primary magnesium production was 124,700 tons, with a month-on-month increase of 25.5% and a year-on-year increase of 30.2% [4]. The total production for 2025 was approximately 1,042,100 tons, a year-on-year increase of 1.59% [4]. Group 3: Magnesium Applications - Magnesium alloy usage: Approximately 49% of magnesium is used to produce magnesium alloys, 26% is added to aluminum alloys, 12% is used for steel desulfurization, 8% as a metal reducing agent, and 5% in other fields [5]. Group 4: Production Technology and Market Trends - Semi-solid injection molding technology advantages: Material utilization rates can reach 70%-85%, and production efficiency is significantly improved, with production cycles compressed by 20%-30% [6]. - Growth in electric drive housing orders: The company has begun mass production of magnesium alloy electric drive housings, with expected growth driven by the acceleration of lightweighting in the new energy vehicle sector [6].

Core Viewpoint - Baowu Magnesium Industry (002182.SZ) has significant mineral resources that ensure stable raw material supply for its magnesium and magnesium alloy production, supporting the development of its full magnesium industry chain [1] Resource Summary - Subsidiary Chao Hu Bao Magnesium has a limestone resource reserve of 90 million tons, currently in operation [1] - Subsidiary Wutai Bao Magnesium has a limestone resource reserve of 580 million tons [1] - Associate company Anhui Bao Magnesium holds a limestone resource reserve of 1.3 billion tons, which has not yet been constructed or put into production [1]