Accelerated Deployment of Brine Magnesium Smelting Projects Outside China Brings Incremental Local Magnesium Supply to Europe and the US [SMM survey]

Published: Jun 18, 2026 13:54
[SMM Magnesium Survey: Overseas Brine Magnesium Smelting Projects Accelerate, Bringing Incremental Local Magnesium Supply to Europe and the US] The Canada Greenland Malm bjerg project is advancing preliminary works, conducting tests on magnesium extraction from brine and rare earth recovery. The European Innovation Council's due diligence on a €50 million investment will be completed by the end of June, which can supplement the EU's local magnesium supply. In the US, Magrathea, in collaboration with TETRA, has achieved commercial production of high-purity magnesium through brine-based smelting, marking the only new magnesium smelting capacity built in the US in recent years. Phase one has commenced, filling the gap in domestic high-end magnesium raw material supply.

Greenland Resources advances pre-development works at the Malmbjerg project while concurrently tackling brine-based magnesium extraction and by-product magnesium and rare earth recovery

Canada’s Greenland Resources has disclosed the latest progress of its Malmbjerg project, an EU priority critical mineral asset primarily producing molybdenum, with magnesium and rare earths as by-products. The company has secured mining licenses for molybdenum and magnesium. The enterprise will carry out on-site engineering from August to September, completing detailed designs for mine infrastructure and supporting facilities including a 23-kilometer conveyor corridor. Concurrently, it is initiating metallurgical testing, collecting ore core and seawater samples to test ore and brine-based magnesium extraction and rare earth recovery processes, and plans to incorporate by-product revenues into project revenue estimates. Due diligence for the European Innovation Council’s €50 million investment is expected to be completed by month-end June. The project’s environmentally friendly mining approach can produce high-magnesium brine, and the associated magnesium extraction process is expected to supplement the EU’s domestic magnesium supply.

Magrathea & TETRA Arkansas Brine Magnesium Smelting: Breakthrough in Domestic High-Purity Magnesium Production, Reshaping the US Magnesium Supply Chain

The Magrathea and TETRA joint-venture Arkansas magnesium project achieved a technological breakthrough, leveraging local Smackover brine and a proprietary electrolysis process to produce primary magnesium metal with purity exceeding 99.9% that meets the ASTM B92 standard, representing the only newly-built magnesium smelting capacity in the US in recent years. This partnership integrates both parties’ operational and process strengths in resources and technology, compresses plant construction and production costs, and once operational will reverse the situation where the US’s high-quality magnesium resources have lain idle and the country has long relied on overseas imports, filling supply chain gaps for strategic minerals critically needed in defense, aerospace, nuclear energy and other sectors. Currently, first-phase plant engineering has commenced and received strong support from the local government.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Conflicting supply-demand forces persist amid buyer-seller standoff. What’s next for magnesium prices?
2 hours ago
Conflicting supply-demand forces persist amid buyer-seller standoff. What’s next for magnesium prices?
Read More
Conflicting supply-demand forces persist amid buyer-seller standoff. What’s next for magnesium prices?
Conflicting supply-demand forces persist amid buyer-seller standoff. What’s next for magnesium prices?
Since the start of June, the tug-of-war between sellers and buyers over magnesium prices has been intensifying. The EXW price of 99.90% magnesium ingot (Fugu, Shenmu) moved sideways around 16,300–16,400 yuan/mt, with the trading range narrowing significantly. The magnesium market was mired in a supply-demand stalemate, as end-users' acceptance of high magnesium prices declined markedly, while primary magnesium smelters held their bottom line supported by costs.
2 hours ago
Three consecutive rare earth price rises and zirconium price adjustments push minor metals sector higher at open; Oriental Zirconium, China Rare Earth Nonferrous hit limit up [SMM Flash]
3 hours ago
Three consecutive rare earth price rises and zirconium price adjustments push minor metals sector higher at open; Oriental Zirconium, China Rare Earth Nonferrous hit limit up [SMM Flash]
Read More
Three consecutive rare earth price rises and zirconium price adjustments push minor metals sector higher at open; Oriental Zirconium, China Rare Earth Nonferrous hit limit up [SMM Flash]
Three consecutive rare earth price rises and zirconium price adjustments push minor metals sector higher at open; Oriental Zirconium, China Rare Earth Nonferrous hit limit up [SMM Flash]
3 hours ago
Rising Fuel Costs and Shipping Congestion Drive Up International Magnesium Freight Rates
4 hours ago
Rising Fuel Costs and Shipping Congestion Drive Up International Magnesium Freight Rates
Read More
Rising Fuel Costs and Shipping Congestion Drive Up International Magnesium Freight Rates
Rising Fuel Costs and Shipping Congestion Drive Up International Magnesium Freight Rates
[SMM Magnesium Express]Recently, due to a combination of factors including rising fuel costs driven by geopolitical conflicts and reduced turnover efficiency caused by congestion in major European ports, shipping companies have tightened capacity and raised freight rates, leading to a significant surge in international shipping costs. According to SMM research, since late June, the freight cost for magnesium ingots shipped from Tianjin Port to Rotterdam, Netherlands, has reached approximately $130 per ton, up $20 from the beginning of the month, while the average freight cost for the India route has reached $110 per ton, up $10. SMM will continue to closely monitor freight trends and make timely adjustments.
4 hours ago
Register to Continue Reading
Gain access to the latest insights in metals and new energy
Already have an account?Sign in here