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Latrobe Magnesium

Latrobe Magnesium

  • Location: Australia
  • Tickers:
    • ASX:LMG
  • Project Stages:
    • Development

Latrobe Magnesium (LMG) is working to develop a demonstration magnesium production plant in Victoria’s Latrobe Valley using a world-first process of combined hydromet / thermal reduction. Using a patented extraction process, the plant will harvest magnesium metal from a fly ash resource – a waste stream from brown coal power generation.

A feasibility study has been successfully completed which commercially justifies developing the project. Ordering of the plant is due to start in Q4 2021, with first magnesium production due approximately eighteen
months later.

The plant will be located at the centre of Victoria’s coal power generation precinct providing direct and constant access to feedstock. LMG has secured an 11-hectare site with 14,000 m² of buildings.

Demand for magnesium worldwide is strong. It has the best strength-to-weight ratio of all common structural metals and is increasingly used in the manufacture of car parts, laptop computers, mobile phones and power tools. Australia imports 100% of the 8,000 tonnes of Magnesium it consumes annually.

The project is at the forefront of environmental sustainability as it converts nearly 100% of the resource into valuable commodities. The CO2 emissions are some 50% less than comparable to overseas magnesium production plants.

Latrobe Magnesium
ASX
  • asx: lmg

    • 0.001 (1.32%)

* Based on previous 24 hours performance

  • asx: lmg

    • 0.007 (10%)

* Based on previous 7 days performance

  • asx: lmg

    • -0.015 (-16.3%)

* Based on previous 12 weeks performance

  • asx: lmg

    • 0.061 (381.25%)

* Based on previous 12 months performance

Open 0.07800 Volume 3319448
High 0.08000 52w High 0.18000
Low 0.07600 52w Low 0.01600
Close 0.07700

* 18 May 2022 (AUD)