Probably the only other thing worth noting is the current spot price of magnesium which has dropped about 10% over the last 2 months. It could be as simple as the LMG share price just following the magnesium price. Presumably the reverse is also true. An upswing in magnesium price could happen anytime especially with the unpredictability of the energy market in China which resulted in the huge share price spike in LMG in October 2021. This could happen again at any time. If so, expect a surge in the LMG share price.
It would be interesting to know what the medium to long term outlook is for the price of magnesium.
Anyone have any information or thoughts on this?
New Latrobe Magnesium Company Video, page-17
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