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Latrobe Magnesium Limited ( (AU:LMG) ) just unveiled an update.
Latrobe Magnesium Limited has successfully completed the construction and commissioning of the magnesium oxide section of its Demonstration Plant, marking a year without any lost time injuries and over 90,000 workhours. The company is set to receive a grant from the Victorian Government and is engaged in a legal dispute with Mincore. The plant’s limited operation is expected to commence following refinancing, with plans to start the magnesium metal section in late 2025. The company is also awaiting approval for hydropower allocation for its large-scale plant in Sarawak, which is anticipated to impact its production capabilities significantly.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited is involved in the magnesium industry, focusing on the production of magnesium oxide and magnesium metal. The company is working on a Demonstration Plant project aimed at producing magnesium oxide and secondary products sustainably, with future plans for significant expansion.
YTD Price Performance: -20.0%
Average Trading Volume: 1,237,739
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$37.58M
Learn more about LMG stock on TipRanks’ Stock Analysis page.
