QMG 0.00% 1.0¢ quay magnesium limited

magnesium the strongest lightest metal to boom

  1. 2,788 Posts.
    lightbulb Created with Sketch. 44
    This metal is the strongest of the light metals and is going to be in big demand as the fuel price will never return to the cheap rates of old. The hybrid cars and fuels require light vehicles and aluminium will be used immediately. USA has scrapped restrictions on its use in motor vehicles. Alloys of aluminium and magnesium will grow dramatically; already the price of raw material has risen in 100's of %.QMG have production facilities underway in China and China will be one of the first nations to use the new materials as they do not have an old manufacturing industry to protect. Also aluminium and magnesium are fully recyclable, I believe upwards of 80%.Magnesium is 2/3rds as heavy as aluminium in an engineered product. This industry is in its infancy so get in while the shares are cheap.
 
watchlist Created with Sketch. Add QMG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.