On June 5th, China`s magnesium alloy, aluminum-titanium alloy, aluminum-titanium-boron, aluminum-strontium alloy, and porous microchannel flat tube manufacturer NJYH issued an announcement saying that the company will invest in a 300,000-ton-per-year ferrosilicon alloy project With a total investment of 800 million yuan, it is expected to achieve an annual net profit of 129.5 million yuan after the production is reached and an investment payback period of 6.13 years (including the construction period).
NJYH said that ferrosilicon is the raw material for the production of raw magnesium, and the cost of ferrosilicon accounts for a large proportion of the production cost of raw magnesium. Demand, the company invested in the project. After the project reaches production, the company will realize self-sufficiency of ferrosilicon and control the production cost of primary magnesium.