Asian Metal visits Jia County Hengfeng Magnesium, Jiamei New Material

On the afternoon of December 26th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, first visited Jia County Hengfeng Magnesium Co., Ltd. and held discussions with the Chairman, Mr. Yanwen Xu on the production landscape of magnesium ingot in 2025 and the application prospects for 2026. In 2025, primary magnesium production exhibited a pattern of "regional concentration and profit pressure" amid high costs and environmental constraints. Entering 2026, as the price gap between magnesium and aluminum continues to widen, downstream industries such as two-wheeled vehicles and automotive die-casting are poised for a profound transition from "substitutive applications" to "strategic applications." Areas including integrated die-casting for new energy vehicles, structural components for energy storage systems, and high-end electronic housings will accelerate adoption due to their outstanding lightweight and economic advantages, driving the magnesium industry from upstream resource competition toward a new phase of downstream technology integration and value chain enhancement.

Jia County Magnesium Co., Ltd. is located in the Yujia Industrial Park, Wangjiapan Town, Jiaxian County. It is an industrial enterprise specializing in the production, sales, and service of magnesium and magnesium alloys, structured as a private joint-stock company. The company focuses on magnesium and magnesium alloy lightweight new materials, dedicated to providing high-quality magnesium and magnesium alloy products to customers. Its main products include magnesium and magnesium alloys, with an annual production capacity of 20,000 tons. With a total investment of 250 million yuan, the company currently employs over 270 staff, including more than 50 professional management and technical personnel. It occupies an area of 187.95 acres. Annually, the company achieves an industrial output value of 600 million yuan and contributes over 8 million yuan in taxes and profits, making a positive impact on the local economic development. The company’s leading products, magnesium and lightweight magnesium alloy new materials, are primarily used in industrial metallurgy, electronic equipment, healthcare, new energy vehicles, aerospace, and other fields.

Subsequently, Ms. Daphne Zhang visited Jiamai New Materials Technology (Yulin) Co., Ltd. and exchanged views with Chairman Mr. Chen Shanrong and Sales Director Mr. Zhu Junhua on the immense potential of the magnesium industry beyond traditional consumer sectors. The special alloys market, particularly high-temperature, high-strength, and corrosion-resistant magnesium alloys, represents a core track for driving the industry’s value leap. Its development prospects lie not only in high-growth markets such as new energy vehicles but also in actively entering high-barrier, high-value-added fields with stringent material performance requirements, including aerospace, national defense, and advanced rail transportation. This marks the evolution of China’s magnesium industry competition from cost and scale to a new stage centered on "technological customization capabilities" and "industrial chain collaborative innovation."

Jiamei New Material Technology (Yulin) Co., Ltd. is a magnesium deep-processing enterprise jointly established by Hong Kong's Ka Shui Group and Jiaxian Hengfeng Magnesium Industry. The Ka Shui Group was founded in Hong Kong in 1980 and successfully listed on the main board of the Hong Kong Stock Exchange in June 2007 (Ka Shui International, stock code: 822). It has since deployed advanced production capacity in regions and countries including Shenzhen, Huizhou, Suzhou, Wuhu, Yulin, Vietnam, Mexico, the United States, and the Middle East. With a global workforce exceeding 5,000 employees, the group achieves an annual turnover of over HKD 1.8 billion. To further enhance its competitiveness in the magnesium alloy new materials and deep-processing business segment and build a complete magnesium industry chain, Ka Shui International partnered with Jiaxian Hengfeng Magnesium Industry to leverage complementary upstream and downstream strengths. Together, they established Jiamei New Material Technology (Yulin) Co., Ltd. Over the next five years, the company plans to invest in two phases within the Jiaxian Economic Development Zone to construct a 50,000-ton magnesium-based lightweight new materials project and a deep-processing project for 10 million new energy vehicle components. Upon full operation, the project is expected to generate annual sales exceeding RMB 1 billion and provide 300 job opportunities. The first phase of the project commenced preliminary work in January of this year, with a planned total investment of RMB 110 million. It includes the construction of facilities for 20,000 tons of magnesium-based lightweight new materials and 2,000 tons of magnesium alloy precision die-cast parts. The product range covers specialized magnesium ingots, magnesium alloy new materials, magnesium alloy granules, rare-earth magnesium alloy functional materials, and lightweight components for new energy vehicles.

Jia County Hengfeng and Jiamei New Material have long relied on Asian Metal’s price information as a reference for supply and sales pricing, highly commending its timely, rigorous, and objective market reporting. Both companies also recognize Asian Metal’s previous Magnesium Summits and will actively participate in the 14th Magnesium Summit to be held in Chengdu on April 16-17th, 2026.