Magnesium has potential uses in magnesium-ion batteries, planes and bikes due to its strength and light weight, so critical metals investors will likely want to know what’s ahead for the metal in 2015.
Magnesium consumption slumped in Europe last year, largely due to automotive industry plant closures and a precipitous drop in car sales. But while the European economy is still struggling, there are hopes that it may start recovering in the second half of 2013. China’s removal of its magnesium export tax
China holds the top position in the global magnesium market, but its dominance is being challenged by Canadian juniors like Gossan Resources and West High Yield Resources.