Baowu Group to invest in NJYH Metal for magnesium and aluminum products

Baosteel Metal, a wholly-owned subsidiary of China Baowu Iron & Steel Group, plans to acquire a stake in NJYH Metal, a producer of magnesium alloys, aluminum alloys, and metal strontium, potentially gaining control of the company.

“We have a responsibility to promote technological progress on the automotive platform. If not, we have to go Investment will enter the magnesium and aluminum industry sector in due course.”haythink.com

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• haythink.comChina Baowu Iron & Steel Group Plans To Invest In China's Special Magnesium Aluminum Alloy Alloy And Aluminum Strontium Alloy Manufacturers To Deploy Magnesium And Aluminum Products Industry Hay:A03NJYH - Global Leading Information Platform For Advanced Materials And TechnologiesJan 15, 2024

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