Coupled processes of dynamic recovery and precipitation, occurring during hot-rolling and subsequent aging, lead to the formation of a unique honeycomb network of precipitates in commercial Mg-Y-Nd-Zr or WE43 alloy. The honeycomb network is developed on the (0 0 0 1) Mg basal planes and consisted of fine Nd-rich β 1 platelets lying on all three f1 0 1 0g Mg planes presumably decorating recovery-generated dislocation subcell boundaries. Three variants of β 1 platelets are connected by Y-rich b 0 precipitates at the nodes of the hexagonal honeycomb network.