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.
Magnesium Market News Directory
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.
Platts reported that activity has remained thin after the Lunar New Year holiday and that offers are softening slightly. As quoted in the market report:
Platts reported that spot export offers for Chinese magnesium ingot on a FOB basis remained held steady with the Lunar New Year holiday making for thin physical trades
Platts reported that spot export trades for Chinese magnesium ingot on a FOB basis were fairly quiet, with little interest from overseas.
Platts reported that Chinese Tianyu Mineral Industrial Group plans to raise its magnesium ingot output in 2013 to 45,000 mt.
Mining Weekly reported that the African National Congress (ANC) Youth League intends to propose nationalisation of several minerals, including magnesium, as a way towards economic independence.