BAOWU MAGNESIUM(SZ:002182)2023-02-18 13:12Group 1: Company Strategy and Product Development - The company has a complete industrial chain for magnesium products, including mining, alloy smelting, precision casting, deformation processing, and recycling, which enhances cost structure and risk resilience [1] - The company aims to expand the application of magnesium alloys in the automotive sector and develop new applications in construction, such as magnesium formwork [1] - The company is increasing the production capacity of primary magnesium and magnesium alloys to stabilize prices and ensure supply for downstream customers [1] Group 2: Market Insights and Collaborations - The current magnesium price is stable due to balanced production across regions, which is expected to enhance customer confidence and guide the expansion of downstream applications [2] - The company collaborates with Baosteel Metal, sharing technology, resources, and customer bases to establish a benchmark for mixed-ownership reform between private and state-owned enterprises [2] - Following a non-public offering, the board will be restructured to include 11 members, with Baosteel nominating 4 non-independent directors and 2 independent director candidates [2] Group 3: Applications of Magnesium Alloys - Magnesium alloys are used in various automotive components, including interior parts (dashboard, seat frames), body components (door frames, roof panels), and engine systems (clutch housings, cylinder head covers) [3] - The advantages of magnesium formwork in construction include lightweight properties, lower post-processing costs compared to aluminum, and reduced cleaning costs due to magnesium's non-adhesive nature to cement [3]