Car sales in Europe are finally turning around, and that could spur demand for magnesium used in automobile manufacturing.
The joint venture between Nevada Clean Magnesium and Norway's ScanMag AS, aims to produce magnesium for the North American and European industrial markets.
New research published recently shows that magnesium, whose health benefits are already well known, is proving useful in some unexpected applications.
A new method for treating wastewater from mining that involves magnesium and aluminum is being investigated by a Singapore-based company.
West High Yield Resources Ltd. (TSXV:WHY) reported that a Project Review (Gap Analysis) Report has been completed by SRK Consulting (U.S.), Inc. of Lakewood, Colorado and filed on SEDAR and the Company's website www.whyresources.com.
The Salt Lake Tribune reported that according to the United States Environmental Protection Agency (EPA), US Magnesium LLC released 8,000 pounds of "dangerous waste into an unlined retention pond" in January. Some of the waste reached adjoining public land in Tooele County.
Nevada Clean Magnesium Inc. (TSXV:NVM) announced that it has engaged Silvertip Design NW to provide engineering plans for the construction and development of a proprietary pilot reduction furnace for its Nevada-based Tami-Mosi project.
Platts reported that China's Tianyu Mineral Industrial Group hopes to produce 40,000 to 50,000 metric tons (MT) of magnesium this year.
Platts reported that this week, spot export offers for Chinese magnesium ingot on a FOB basis fell on the back of thin trade and weak overseas buying interest.
Platts reported that according to China's General Administration of Customs, in January, the country's exports of unwrought magnesium with a minimum magnesium content of 99.8 percent increased 59.2 percent from the previous year.
Platts reported that on the eve of the Lunar New Year, spot trade in Chinese magnesium ingot export came to a halt as market participants left work for the holiday.
Recycling Today reports that Phinix LLC, based at the University of Kentucky, will receive grant money from the US Department of Energy to develop technology to recover magnesium from magnesium-aluminum scrap.