HK Stock Market Move | LK TECH (00558) rose more than 13% during trading. The company previously introduced the TPI magnesium alloy semi-solid die-casting technology.

LK TECH (00558) rose more than 13% in mid-day trading, and as of the time of writing, it was up 11.94% to HK$3.47, with a turnover of HK$163 million. Minsheng Securities pointed out that the application of Siasun Robot&Automation is expected to significantly increase the use of magnesium. As humanoid Siasun Robot&Automation is about to be mass-produced, the calculation shows that the motor housing and body shell can increase the use of magnesium by 13.7 kg per unit (set). Based on a shipment volume of 1 million sets, humanoid Siasun Robot&Automation is expected to increase magnesium consumption by 13,700 tons in the future. If other Siasun Robot&Automation also achieve magnesium substitution in the future, it may further boost the use of magnesium alloys. Public information shows that LK TECH Group launched TPI magnesium alloy semisolid die casting technology in 2024, which is a new revolutionary technology for magnesium alloy semisolid die-casting process with many advantages. In July 2024, LK TECH showcased a 13000T double injection super large die-casting equipment at the 18th Shanghai International Die Casting and Non-ferrous Metal Casting Exhibition.