LMG Completes Key Tests, Secures $2M for Magnesium Production via Fly Ash Extraction

[SMM Weekly Magnesium Production Flash Report] From April 24 to April 30, the weekly production of sampled magnesium plants nationwide was 23,996 tons, with a weekly operating rate of 78.7%, down 0.5% month-on-month.

[SMM Weekly Magnesium Inventory Flash Report] This week, manufacturers' inventory decreased by 0.1% month-on-month. The trading enthusiasm in the magnesium market has significantly increased this week, and the inventory of some primary magnesium smelting enterprises has been reduced. However, the current daily production level of magnesium ingots is relatively high, which has dragged down the overall market's inventory reduction pace, resulting in a limited decline in overall inventory.

[SMM Magnesium News] On April 27, at the construction site of the 1,000-ton-level high-efficiency magnesium-based solid-state hydrogen storage material demonstration project of Fude Jinyu (Yulin) Hydrogen Energy Technology Co., Ltd. Large machinery was operating in an orderly manner, transport vehicles were shuttling back and forth, and construction workers were each performing their duties. The main foundation works were basically completed, and the erection of internal and external scaffolds for the substation, analysis and testing laboratory, etc. was in progress. The 2,000-ton/year magnesium hydride large-scale production plant and supporting public auxiliary facilities under construction are the world's first 1,000-ton-level magnesium hydride production line.