Best known as a food supplement, magnesium’s potential now runs the gamut from enhancing energy efficiency to improving defense mechanisms to mending broken bones. As production increases in the United States and even outer space, demand for magnesium is heading upward in the long term.
A brief overview of magnesium price developments, supply and demand, and significant market movers.
The US Department of Defense is finding an unlikely ally in environmentalists to develop magnesium’s potential, as the lightweight metal can not only lead to energy efficiency in combat zones, but also better protect soldiers’ lives.
A brief overview of magnesium price developments, supply and demand, and significant market movers.
Sydney Morning Herald reported that the race for better battery technology has inventors looking to magnesium to improve battery life.
Forbes reported that magnesium fuel cell technology that creates electricity by using salt water as an electrolyte is being commercialized by Tokyo-based Furukawa Battery.
The Castlegar Source reported that West High Yield Resources (TSXV:WHY) is hoping to develop a manganese mining operation near Rossland, British Columbia.
Business Live reported that South African miners say a lack of rail transport is preventing them from capturing more of the magnesium market.
CD International Enterprises, Inc. (NASDAQ:CDII) announced its second quarter 2012 financial results.
Gossan Resources Limited(TSXV:GSS) announced that it will be presenting a paper at the Global Automotive Lightweight Materials 2012 Conference. Dr.Zuliani will be presenting the paper entitled "Making Magnesium A More Cost & Environmentally Competitive Lightweighting Option".
Gossan Resources Limited(TSXV:GSS) announced that the latest research results from Process Research ORTECH show that the Zuliani process can achieve reduced green house gas emissions.
Lithium Exploration Group Inc. (OTCBB:LEXG) announced a maiden resource estimate for its Vallyview lithium-potassium-boron-bromine-magnesium-calcium-sodium brine project located in Alberta.
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