Magnesium alloy forgings can be a good choice in economic components for several reasons: Light and high strength: Magnesium alloy has a lower density and excellent strength characteristics, compared to other common structural materials such as steel or aluminum alloy, magnesium alloy has a lighter weight and higher specific strength. This allows the application of magnesium alloy forgings in economic components to reduce the weight of the overall product and achieve energy saving and emission reduction while providing sufficient strength. High thermal conductivity: Magnesium alloys have good thermal conductivity, making them ideal for certain economical components with high heat dissipation and conduction requirements. For example, the use of magnesium alloy forgings as radiators or heat transfer components in electronic devices or automotive engines can quickly and effectively disperse heat, improving the efficiency and reliability of the equipment. Good machinability: Magnesium alloy has a low melting point and good plasticity, easy to carry out a variety of processing operations, such as forging, die casting, machining, etc. In this way, the production and manufacturing process is relatively efficient, and the manufacturing of complex shaped parts can be achieved, reducing subsequent processing procedures, reducing production costs and improving production efficiency. It should be noted that when choosing magnesium alloy forgings as economic components, it is also necessary to consider the specific application environment and required performance. Magnesium alloys may have faster corrosion or lower durability under some special conditions, so appropriate surface treatment or coating protection is required to ensure the service life and reliability of the product. In summary, magnesium alloy forgings can be regarded as one of the best choices in economic components because of their characteristics of light weight, high strength, good thermal conductivity and superior machinability.