Magnesium alloy producer settles in Tibet's Lhasa

‍‍Tibet Tiancai New Materials, a developer and manufacturer of magnesium alloy, titanium alloy, aluminum alloy and calcium alloy, registered its business in Lhasa, the capital of the Tibetan Autonomous Region, China Tibet News reported at the end of October.

With high strength to weight ratios and good machinability, magnesium alloys are widely utilized in aerospace, military, new-energy vehicles, high-speed trains, handsets and laptops sectors. The new magnesium alloy project is set to help optimize the industrial structure and jumpstart economic structural upgrading in Lhasa.

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