Verde Magnesium Advances Romania Project to Become Europe's First Primary Producer in 25 Years

Published: May 29, 2026 14:13

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[SMM Magnesium Express] Verde Magnesium is advancing its Budureasa magnesium project in Romania, aiming to become Europe's first primary magnesium producer in 25 years. The project uses an aluminothermic reduction process with renewable energy and CO₂ capture, claiming the world's lowest carbon footprint for primary magnesium. Mine restart is targeted for end-2026, with a 30,000 tpa smelter by 2030. Europe currently imports 100% of its magnesium, with China supplying 90% of global production.

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