Magnesium-Rich Minerals Found on Moon
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
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.
Trading Still Thin After Lunar New Year Holiday
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:
China Magnesium Sees Thin Physical Trade Because of Lunar New Year
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
Little Interest from Overseas Buyers for Spot Export Trades
Platts reported that spot export trades for Chinese magnesium ingot on a FOB basis were fairly quiet, with little interest from overseas.
China’s Tianyu to Raise 2013 Magnesium Ingot Output
Platts reported that Chinese Tianyu Mineral Industrial Group plans to raise its magnesium ingot output in 2013 to 45,000 mt.
ANCYL Suggesting Nationalisation of Minerals to Support Economic Independence
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.
