EXIM to Finance Up to $122 Million for Latrobe’s Stage 2 Plant in VIC
21/10/25 | Magnesium
The U.S. EXIM Bank has issued financing interest supporting critical minerals projects, including up to $122 million for Latrobe Magnesium’s Stage 2 commercial plant.
Zhongda Mg Industry Launches Major Primary Mg Project in Xinjiang
10/09/25 | Magnesium
A 2.1 min t serpentine utilization project has begun construction, expected to produce 500 kt primary magnesium, 330 kt industrial silicon, 170 kt iron concentrate, and 10 kt nickel‑cobalt concentrate annually.
Verde Advances Toward Restarting European Mg Production
02/09/25 | Magnesium
Verde Magnesium is progressing on feasibility studies and construction of a pilot plant with up to 500‑ton annual capacity expected in late 2026/early 2027.
FAW Foundry & Forging Unveils World’s First Integrated Mg-Alloy Rear Floor
22/07/25 | Magnesium
The company has launched an ultra‑large one‑piece magnesium‑alloy die casting that consolidates 74 parts and reduces weight by 18 kg versus aluminum designs. The component has passed full validation and entered mass production.
Salt Lake Mg Achieves Breakthrough in Anhydrous Mg Chloride Electrolysis
02/05/25 | Magnesium
Since January 4, 2025, the melting and purification furnace has operated continuously for 118 days, producing 1,261 t of molten magnesium chloride at a 99.12% recovery rate with MgO content under 0.06%. Multipolar Electrolysis System No. 4 has produced 292.705 tons of magnesium over 80 days with purity above 99.95%.
Magnesource Power to Build 10 kt Mg-Based Hydrogen Storage Line in Anhui
08/04/25 | Magnesium
Shanghai Magnesource Power Technology Co., Ltd. has completed a major equity financing round to support construction of a 10 ktpy magnesium‑based hydrogen storage material and equipment production line in Anhui. The company has also established a 100 toy high‑purity magnesium hydride production line in Zhejiang.
Domestic Mg Production at 87 kt in January 2025
21/02/25 | Magnesium
China Nonferrous Metals News Magnesium Branch of CNIA: During January 2025, China produced approximately 87 kt of primary magnesium, a y-o-y increase of 13.3%. Shaanxi contributed 54 kt, up 16.1%, while the Shanxi region produced 18.6 kt, up 3.9%. The domestic magnesium price fluctuated between RMB 16,100 ~16,400/t in January,…
China Exports 18.77 kt of Mg in April
24/05/24 | Magnesium
Shanghai Nonferrous Metals News SMM: China exported 18.77 kt of magnesium in April 2024, down by 38.1% m-o-m, led by delayed deliveries from traders and weaker overseas demand during the month. Some traders failed to deliver previous orders when magnesium prices soared rapidly in April.
Jinchuan Mg in Fugu Suspends Operation
24/05/24 | Magnesium
Asian Metal News Fugu Jinchuan suspended magnesium smelting on 21st May to carry out some pipe work and is set to resume in late May, ramping up operations to 80 t per day afterwards. Designed with 25 ktpy capacity, the company produced 800 t of magnesium in April and expects…
