BAOWU MAGNESIUM(002182)2023-05-25 03:08Group 1: Project Progress and Investment - The Qingyang project is progressing as planned, aiming for a capacity of 500,000 tons of magnesium and magnesium alloy [1] - The investment in the Qingyang project includes not only equipment and facilities but also investments in docks, railways, and mining rights [1] Group 2: Factors Promoting Magnesium Application - The increase in varieties of magnesium alloys, advancements in processing technology, and development of processing equipment are key factors promoting magnesium application [2] - The company is focusing on expanding magnesium alloy deep processing products in automotive structural parts, electric bicycle components, and magnesium construction templates [2] Group 3: Capacity Management - The company utilizes both self-produced and externally purchased raw magnesium for magnesium alloy production [2] - The application of magnesium in construction templates is expanding, with a weight of 16 kg per square meter [2] - The usage of magnesium in automotive components is increasing significantly, with higher coverage in parts like instrument panel brackets and seat supports [2] - Magnesium is also being explored for hydrogen storage applications and other fields [2]