Magnesium Outlook 2015: Demand to Increase Gradually

Magnesium Outlook 2015: Demand to Increase Gradually

Magnesium has potential uses in magnesium-ion batteries, planes and bikes due to its strength and light weight, so critical metals investors will likely want to know what's ahead for the metal in 2015.

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Company News

Nevada Clean Magnesium Formalizes Process License and Royalties Agreement

Nevada Clean Magnesium Formalizes Process License and Royalties Agreement

Nevada Clean Magnesium (TSXV:NVM) says it has signed a license and royalty agreement with James Sever, a company director, to use his knowledge and concepts on the Tami Mosi and other projects. Sever has created concepts regarding the design and use of a condenser which the company is examining.

Nevada Clean Magnesium Restructures Terms of JV with ScanMag

Nevada Clean Magnesium Restructures Terms of JV with ScanMag

Nevada Clean Magnesium, Inc. (TSXV:NVM,FWB:M1V,OTC:MLYFF) reported the restructuring of its originally announced Joint Venture terms with ScanMag AS: $5 million USD total contribution from ScanMag AS to Nevada Clean Magnesium, payable over 4 years, commencing with the first major payment of $2,000,000 within 12 months; 10% pre-financing equity in ScanMag dilutable down to 2% undiluted interest; NCM and ScanMag will establish a separate technical development company for the testing of aspects of the magensium processing proof of concept through a 50-50 owned Norwegian subsidiary based in Glomfjord, Norway.

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Market News

Blue LED Production Fails Because of Magnesium

Scientific American reported that UK scientists think that the difficulty in making blue LEDs could be attributed to magnesium, a key ingredient in making the semiconductor sandwich required for such LEDs.

Iran to Launch First Magnesium Plant This Week

According to Iranian Fars news agency, the country's first magnesium plant will be inaugurated this week. According to Azer News, the plant will be able to produce up to 6,000 metric tonnes of the metal each year.

Magnesium Fire Breaks Out at Houston Business Park

The Houston Chronicle reported that a magnesium fire broke out at a heat-treating business in Texas. Officials have said that the fire does not pose any danger to the public.

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