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Road Runner 888

180 Posts.

24

05/08/21

15:23

Post #: 55059040
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Originally posted by Mac1970: ↑

@OceanSpray Sorry can't elaborate much, as someone else's baby but here is a tid bit.

End processors and manufacturers are wary of the supply of minerals involved in the hi tech industry, as a lot of control is held by China especially in rare earths. There are emerging risks to supply hi techs as well as other industries and why Government's have "critical minerals" strategies.

In some production processes and end products, the minerals/metals used are the best option, however there are alternatives that can be used if supply dwindles. It may simply be more expensive in some cases, or the final product may not be optimal with weight, size, energy use or other properties.

If you want to reduce the risk of interruption to your process or product, then it is prudent to look at a "substandard" alternative and work to improve it to close the gap so to speak. In some industry using reasonable volumes, Mag has the potential to close the gap with improvements in the technologies.

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Cheers, yeah a bit of a problem with China having an almost complete monopoly on the world's supply of magnesium despite Australia holding around half of the world's magnesite.
Looks like these guys have some type of agreement for use of the magsonic technology and want to build Australia's first commercial smelter. Interestingly they have identified a magnesite deposit close to Darwin as a potentially suitable site for this first smelter.

https://www.magnium.com.au/

KOR Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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