• Around the clock production of pure magnesium has commenced from the new furnaces at the existing plant.
• CMC believes it is the first Australian company to commercially produce pure magnesium.
• CMC continues ahead of schedule to reach its planned first phase capacity of 20,000 tpa of magnesium alloy production.
CMC, which is on track to become one of the largest, low cost, vertically integrated producers of pure magnesium and magnesium alloy in the world, is aiming to achieve a production capacity of 105,000 tpa at the end of three years.
CMC Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Held