Great announcement, no surprise about the capacity upgrade though.
Chinas control of critical metals has once again been shown to be based on quicksand.
With car manufacturers, aluminium producers, aeroplane builders to name but a few all hanging by their finger nails due to Mg supply concerns, LMG will be rushed by majors wanting to do supply deals. The next phase will be the licensing of their patented tech to build other plants around the world.
LMG Price at posting:
6.0¢ Sentiment: None Disclosure: Held
