# 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.

- Type: Acquisition
- Announced: 2024-01-15
- Where: China
- Status: announced
- Products: magnesium alloys, aluminum alloys, metal strontium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [China Baowu Iron and Steel Group](https://endata.com/companies/34590.md) (investor)
- [Baosteel Metal](https://endata.com/companies/51409.md) (acquirer)
- [NJYH Metal](https://endata.com/companies/74990.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/china-baowu-iron-steel-group-plans-to-invest-in-chinas-special-magnesium-aluminum-alloy-alloy-and-aluminum-strontium-alloy-manufacturers-to-deploy-magnesium-and-aluminum-products-industry-haya03nj/), 2024-01-15: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.