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.
Magnesium Market News Directory
The US Department of Energy, through its Northwest National Laboratory, is developing a process that processes magnesium from seawater, The Engineer reported.
Digital Journal reports that the Chinese magnesium market is on the cusp of change as producers are under government orders to phase out old and inefficient production technologies, undertake mergers and acquisitions, and improve resource management.
AMM.com reported that US magnesium prices are up due to strong automotive demand and a tight nonferrous scrap market.
MetalBulletin reported that European magnesium prices rose on Friday on substitution buying due to lack of availability of aluminum scrap.
A scientific paper claims that minerals found in craters on the moon may not be indigenous to the moon but caused by an asteroid or meteorite strike, CBC reported.
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.
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.
Platts reported that Chinese magnesium consumption is expected to hit a record high of 350,000 mt in 2013.
Bloomberg reported that Andreas Radmacher has been given the nod by K+S to manage their potash and magnesium operations.