EU's "MAREMAG LIFE" Project Produces Green Magnesium from Salt Industry By-Products
The EU MAREMAG LIFE project is advancing the industrialisation of green magnesium materials through its "near-to-market" initiative. This project employs an innovative circular process that uses bittern, a by-product left over from salt production in coastal salt pans, as a raw material to extract magnesium hydroxide, avoiding the substantial CO2 emissions associated with traditional methods that involve mining magnesite and high-temperature calcination. Compared to conventional magnesium smelting reliant on fossil fuels, this technology is powered by renewable energy, not only adding value to salt industry by-products but also significantly reducing the carbon footprint. The project has already secured letters of intent and requests for quotations from potential customers; the team is refining the techno-economic model and preparing to submit a business plan to investors, with the goal of achieving a two-order-of-magnitude capacity expansion within the coming years. This technological pathway aligns with the EU Circular Economy Action Plan and the Industrial Emissions Directive, and is expected to provide localised, low-carbon magnesium material solutions for sectors such as transport and construction in Europe.
Indian Southern Magnesium Stock Price Fluctuates, Magnesium Concept Stocks Face Market Selling Pressure
Shares of India's Southern Magnesium & Chemicals Ltd have remained under pressure recently, falling 4.54% in a single day and closing lower for multiple consecutive trading sessions. Compared to the same period last year, the stock has declined by over 50%, significantly underperforming the rising Indian Sensex index over the same period. Although the stock remains above its 50-day daily average, it has broken below several short-term averages, including the 5-day and 20-day lines, indicating significant selling pressure. As an enterprise related to the magnesium industry chain, the persistent weakness in the company's share price is linked to changes in global magnesium supply and demand, as well as a cooling investor sentiment towards the raw material sector. This trend also serves as a caution regarding the recently discussed application prospects of magnesium alloys—while magnesium, as a lightweight material, garners attention in fields such as EVs and aerospace, the market performance of industry chain enterprises remains constrained by the macro environment and sector-specific risks.
