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Baowu Magnesium, a pioneering force in the magnesium industry, boasts comprehensive coverage across the entire industry chain and significant resource advantages. The company has embarked on several strategic projects, poised to unlock a production capacity of 500,000 tons for both primary magnesium and magnesium alloy upon completion. Additionally, it aims to achieve self-sufficiency in ferrosilicon, thereby further optimizing costs. Despite the recent downward trend in magnesium prices, the demand for magnesium die-casting is experiencing a rapid surge. Consequently, Baowu Magnesium's capacity utilization rate is anticipated to climb. In light of these developments, Minsheng Securities' latest research report reaffirms its 'Recommended' rating for Baowu Magnesium.
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