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Latrobe Magnesium Limited ( (AU:LMG) ) just unveiled an announcement.
Latrobe Magnesium Limited has provided an update on its ongoing mediation process with Mincore Pty Ltd, emphasizing its commitment to the process without commenting on the potential outcomes. This development is part of LMG’s broader strategy to advance its magnesium production capabilities, which includes the commissioning of a Demonstration Plant and plans for larger-scale operations in Australia and Malaysia. The company’s focus on recycling industrial waste and reducing CO2 emissions positions it as a leader in environmentally sustainable practices within the magnesium industry.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited is engaged in developing a magnesium metal Demonstration Plant in Victoria’s Latrobe Valley, utilizing a patented extraction process to convert industrial ash from brown coal power generation into magnesium metal and cementitious material. The company plans to expand its operations with a Commercial Plant in Victoria and an International ‘Mega’ Plant in Malaysia, focusing on sustainable practices and serving industries such as automotive, aerospace, medical, and electronics.
Average Trading Volume: 7,782,791
Technical Sentiment Signal: Sell
Current Market Cap: A$75.07M
Find detailed analytics on LMG stock on TipRanks’ Stock Analysis page.