This is the latest ann from LMG, thought it could be interesting considering ADY have something like 61mil tonnes of magnesium from memory.
"Over the past month, the magnesium price in china has broken through US$5,000 per metric tonne. As of the 14th May, the magnesium was trading in the range between US$5,700 and US$5,800 per metric tonne. This price is 99.9% minimum content magnesium FOB china. This price equates to a selling price between A$2.80 and A$2.90 per lb at the current exchange rate..."
Thoughts people??
This is the latest ann from LMG, thought it could be interesting...
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