This study focuses on the warm forging of a magnesium alloy impeller used for the fuel cell. The impeller has the very complicated shape with sharply twisted blade and thus is generally produced by mechanical machining or casting process. However, since these technologies give the high manufacturing cost or poor mechanical properties, the forging technology is required to make the high-quality impeller with the lower manufacturing cost. In order for production of the impeller by warm forging technology, the parametric studies using finite element analyses were carried out to find the optimal perform shape of impeller. Based on the FE simulation results, dies for impeller forging were designed and the resultant forged impeller was shown.