Global Green Magnesium Industry Updates: Canadian Magnesium Mine Approved, Australian Company Achieves Breakthrough in Hydrogen Storage and Low-Carbon Smelting [SMM Survey]

Published: Aug 26, 2025 13:15
[SMM Survey: Global Green Magnesium Industry Updates - Canadian Magnesium Ore Approved, Australian Companies Make Breakthroughs in Hydrogen Storage and Low-Carbon Smelting] Recently, the global green magnesium industry and related technologies have made several key advancements: The Record Ridge magnesium ore project in British Columbia, Canada, has been approved to proceed without an environmental impact assessment, with an expected 10.8 million mt of magnesium resources to be mined; Australia's Carbon280 has launched a 100 kW metal hydride hydrogen storage pilot, using magnesium powder to achieve zero-loss hydrogen storage; Verde Magnesium, in collaboration with Metso, is advancing a low-carbon brucite smelting process, significantly reducing carbon emissions; Latrobe Magnesium has been granted approval to commission a demonstration plant for extracting magnesium from brown coal fly ash, achieving comprehensive utilization of multiple by-products. These projects collectively focus on the green development and low-carbon application of magnesium resources, providing critical materials and technological support for energy transition.

Record Ridge Magnesium Mine Project in British Columbia, Canada, Receives Approval with Support from Government, Business, and Indigenous Community

The Record Ridge magnesium mine project in British Columbia, Canada, has recently been officially recognized by the Environmental Assessment Office (EAO) as not requiring an environmental assessment, marking a significant advancement in its development. The project, led jointly by West High Yield (WHY) Resources Ltd. and the Osoyoos Indian Band (OIB), is located approximately 10 kilometers southwest of Rossland and is estimated to contain over 10.8 million mt of recoverable magnesium resources, aimed at producing magnesium metal and silicon, with an expected mining period of 20 years. Chief Clarence Louie of the OIB expressed satisfaction with the decision, emphasizing collaboration with WHY to ensure the project aligns with tribal traditions and high standards. Frank Marasco, President of WHY, stated that this decision provides a clear path for final permitting and development, with the project now entering the draft permit stage under the Mines Act. This critical mineral development project is seen as providing important raw material support for the green energy transition.

 

Australian Startup Launches Pilot Project for Metal Hydride Hydrogen Storage

Australian startup Carbon280 recently announced the official operation of its 100 kW-scale metal hydride hydrogen storage technology pilot plant and associated laboratory. The technology involves reacting magnesium powder with hydrogen in light mineral oil to form stable metal hydrides, enabling indefinite zero-loss hydrogen storage. The mineral oil also serves as a protective layer, effectively isolating the magnesium powder from oxygen and water, addressing safety concerns related to the flammability and high reactivity of magnesium. The project aims to validate the scalability and commercial potential of this innovative hydrogen storage solution.

 

Verde Magnesium Collaborates with Metso to Advance Clean Magnesium Production, Supporting EU Strategic Autonomy

Recently, the Verde Magnesium team visited Metso's research and development center in Pori, Finland, for in-depth discussions on the progress of their clean magnesium production trial project based on brucite. This collaboration seeks to validate a low-carbon, energy-efficient new-type magnesium production process, which produces magnesium hydroxide (MDH) through carbon dioxide leaching and prepares magnesium oxide (MgO) via low-temperature calcination. Metso's expertise in hydrometallurgy and process engineering provides crucial support for scaling up this innovative approach. Compared to traditional dolomite or magnesite processes, this technology has shown significant potential for reducing Scope 1 carbon emissions. By utilizing CO2 recycling, low-carbon raw materials, and circular design, the process aligns with the strategic autonomy goals outlined in the EU Critical Raw Materials Act.

 

Latrobe Magnesium Receives Approval to Start Demonstration Plant, Innovatively Utilizing Brown Coal Fly Ash to Produce Magnesium Oxide

Recently, the Environment Protection Authority (EPA) of Victoria, Australia, officially approved Latrobe Magnesium to commence commissioning and operation of its Phase I demonstration plant located north of Hazelwood. The project entered the operational phase on August 15, utilizing the company's unique patented hydrometallurgy technology. With lignite ash as the raw material, it achieved stable production of magnesium oxide (MgO) and simultaneously extracted multiple by-products such as carbon, silicon dioxide, agricultural lime, and iron oxide, significantly enhancing the efficiency of comprehensive resource utilization.

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 to learn 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
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
21 hours ago
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
Read More
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.
21 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
21 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Read More
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.
21 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
21 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Read More
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.
21 hours ago