US Auto Sales Supporting Magnesium Demand
Magnesium prices are down due to a supply glut, but that doesn't mean all is negative for the metal used in steelmaking and as an aluminum alloy.
Magnesium Market Update (May 9, 2013)
A brief overview of magnesium price developments, supply and demand and significant market movers.
Magnesium Tackles Memory Loss
Researchers believe a new magnesium compound can deliver more magnesium to the brain, reducing memory loss and boosting learning ability.
Magnesium Market Update (April 17, 2013)
A brief overview of magnesium price developments, supply and demand and significant market movers.
Company News
West High Yield Resources Announces Q1 2013 Financial Results
West High Yield Resources Ltd. (TSXV:WHY) released its first quarter financial results for the three months that ended on March 31, 2013.
West High Yield Announces Year End 2012 Annual Audited Financial Results
West High Yield Resources Ltd. (TSXV:WHY) released its financial results and the Management Discussion and Analysis for the year ended December 31, 2012.
West High Yield Provides Updates on Anticipated Preliminary Economic Assessment
West High Yield Resources Ltd. (TSXV:WHY) announced that it expects to be in a position and has undertaken to provide the PEA in early May this year following completion of additional metallurgical test work and a technical review.
Gossan Resources’ Offer for Zuliani Process Rejected
Gossan Resources Limited (TSXV:GSS,FWB:GSR) reported that Dr. Zuliani, developer of a high efficiency magnesium production process called the Zuliani Process, has rejected the Company's offer pertaining to ongoing development and commercialization.
Market News
U.S. Steel to Promote Steel Safety in Autos Over Alternative Materials
Bloomberg reported that US Steel is using the tactic of promoting safety in using steel in autos to consumers, as automakers aggressively seek alternative materials.
North American Car Makers To Triple Thin Steel Use by 2025 in Bid for Fuel Efficiency
Bloomberg reported that North American car makers are looking to make their cars more energy efficient by tripling their use of thinner, stronger steel by 2025.
2103 to be Banner Year for Chinese Magnesium Consumption
Platts reported that Chinese magnesium consumption is expected to hit a record high of 350,000 mt in 2013.
K+S Puts Radmacher at Helm of Potash and Magnesium Operations
Bloomberg reported that Andreas Radmacher has been given the nod by K+S to manage their potash and magnesium operations.
