The Conversation (0)
In an article for Investing.com, Mark Green looked at sources of magnesium demand and the growing importance of the metal, and explored the opportunities that magnesium might hold for investors.
In an article for Investing.com, Mark Green looked at sources of magnesium demand and the growing importance of the metal, and explored the opportunities that magnesium might hold for investors.
As quoted in the publication:
Currently Albanian-American billionaire Sahit Muja from New York holds the world’s largest and richest magnesium ore mines and reserves, over 20 billion tons, estimeted worth trillions of dollars as pure magnesium metal.
The magnesium in Albanian Minerals mine’s is finest in the world, with over 54% rich in magnesium content.
Sahit Muja said, There is unprecedented interest in magnesium, as sources of sustainable supply for new batteries and significantly lighter alloys. Magnesium will profoundly changed the economic outlook of clean energy sources. Also magnesium can be used to producing hydrogen, wind turbines, robots and capturing carbon dioxide.
