Ann: LMG & SLN signed binding MoU for supply of ferro nickel slag, page-5

Referring back to the 7/7/22 announcement, LMG says 100kt of Mg is gross revenue of $1b and EBIT of $600m.

Not bad for a minnow.

Questions;

Location of processing plant?

SLN have a production off take agreement with Tesla for supply of nickel.

Tesla are also a major user of Mg which is used to strengthen their aluminium castings on the Model 3 and Model Y cars.

These two models are in a huge multi site, multi continent production ramp to collectively millions of cars per year.

Where is Tesla planning to get the massive amount of Magnesium from?

Yup.