On November 22, Yunhai Special Metals announced that its subsidiary Wutai Yunhai Magnesium planned to invest around RMB3.24 billion (USD0.45 billion) into a 100,000tpy high-performance Mg-base light-weight alloy and 50,000tpy Mg-alloy deep processing project; Tianjin Liuhe Magnesium Product Co., Ltd. planned to invest RMB80 million (USD11.19 million) into building a 2.5M-piece Mg-alloy die-casting project; Nanjing Yunhai Precision planned to invest RMB750 million (USD105 million) in a 30,000tpy Mg-alloy die-casting project; Chongqing BoAo planned to invest RMB646 million (USD90.32 million) into a 15M-piece Mg-alloy auto parts and Mg-Al alloy innovation research center.