Magnesium – Bloomberg reported that North American car makers are looking to make their cars more energy efficient by tripling their use of thinner, stronger steel by 2025.
Magnesium – 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 should also help demand.
Magnesium – Reuters reported that GM is testing the possibility of using magensium sheet metal in cars, because it is lightweight and pliable when heated.
Magnesium – Magnesium-ion may replace lithium-ion batteries to make electric cars cheaper and go farther, or so some hope. But the reality is still a decade away.
Magnesium – China dominates the magnesium market, but renewed interest in the metal is coming from Russia and Australia.
Lithium – Mineweb.com reports that the demand for the metal set is to grow as car makers increasingly look to lithium as a fuel solution, so Chile, Bolivia and Afghanistan are emerging as the giants of lithium resources.
Palladium Investing News reports palladium price has been hit hard with the poor economy. With bleak economic prospects on the horizon, over the next six months, prices of precious metal palladium will likely be near 12-year lows of $125 an ounce. The world’s top platinum refiner Johnson Matthey estimated in an interim review that the [...]
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