I'm abit surprised that there's not talk about a Canadian plant.
Canada has Nickel slag, hydro power and a large Aluminium smelting industry and the US DOE levy of 141% on Chinese Magnesium imports is going to create financial mayhem for existing North America end users.
There are very few other commercial Magnesium metal producers even in prospect so don't be surprised if we rapidly end up with at least one other 100kt plant being proposed. Funding for it might not be LMG's issue either depending on retained equity (which I expect will only be 10 or 20% ish).
Not sure if an additional 100kt per year will even make a dent in the supply issue though.
Interesting times.
- Forums
- ASX - By Stock
- Ann: LMG selects Malaysia for its 100,000tpa magnesium plant
I'm abit surprised that there's not talk about a Canadian...
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LMG (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $77.48M |
Open | High | Low | Value | Volume |
3.3¢ | 3.5¢ | 3.2¢ | $29.01K | 863.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 354672 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 274747 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 354672 | 0.033 |
14 | 627533 | 0.032 |
6 | 313558 | 0.031 |
10 | 1087165 | 0.030 |
2 | 7001 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 274747 | 2 |
0.036 | 200000 | 1 |
0.037 | 6000 | 1 |
0.038 | 149036 | 2 |
0.043 | 336500 | 2 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
Featured News
LMG (ASX) Chart |