Latrobe Magnesium Secures $2M Prepayment for U.S. Market Expansion, Targets H2 2026 Deliveries

Published: Apr 9, 2026 11:23

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[SMM Magnesium Express] Latrobe Magnesium secured a $2 million non-dilutive prepayment from its U.S. distribution partner Metal Exchange for commissioning of pyrometallurgical equipment at its Latrobe Valley demonstration plant. Stage 1 capacity is 1,000 tpa, with Stage 2 commercial plant at 10,000 tpa, both allocated to the U.S. market. The U.S. has no domestic primary magnesium production, with ~90% of supply from China. First magnesium metal deliveries are targeted for H2 2026.

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