研報掘金丨民生證券:維持寶武鎂業“推薦”評級,鎂壓鑄需求快速釋放
民生證券研報指出,自主可控的戰略金屬,寶武鎂業迎接鎂壓鑄“奇點”時刻。全產業鏈覆蓋,資源優勢顯著。公司擁有豐富白雲石資源,三個鎂合金生產基地均配套白雲石採礦權。公司產能增長空間廣闊。青陽30萬噸原鎂、30萬噸鎂合金、15萬噸鎂深加工項目,巢湖5萬噸原鎂項目,五臺10萬噸原鎂項目持續推進,隨着項目逐步達產,公司將擁有50萬噸原鎂和50萬噸鎂合金產能。③規劃30萬噸硅鐵項目,成本優勢進一步加強。項目投產後公司將實現青陽項目硅鐵自給,有利於公司進一步降低原鎂生產成本,提高競爭能力。考慮到鎂價下滑,鎂壓鑄需求快速釋放,公司產能利用率有望持續提升,維持“推薦”評級。
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