Latrobe Magnesium added to Watchlist

Latrobe Magnesium (ASX: LMG)

Has been added to the second tier ‘Championship’ watchlist of City Investors Circle.

The company is developing environmentally friendly magnesium producing technology, giving them an edge in minimal co2 emissions, and a much lower production price then the Chinese producers, who dominate the industry producing around 87% of world supply.

 

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Latrobe Magnesium ASX: LCL
Stage Development
Metals Magnesium
Market cap A$157 m  @ 10 c
Location Latrobe Valley, Victoria State, Australia

 

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City Investors Circle add Latrobe Magnesium to our Tier 2 watchlist.

 

Latrobe Magnesium (ASX: LMG)

Has been added to the second tier ‘Championship’ watchlist of City Investors Circle.

The company is developing environmentally friendly magnesium producing technology, giving them an edge in minimal co2 emissions (60% lower), and a much lower production price then the Chinese producers, who dominate the industry producing around 87% of world supply.

 

Very briefly, Latrobe is aiming to provide an alternative supply of environmentally friendly magnesium to a market that is 87% controlled by China.

It is a critical metal for the EV industry as it enables the weight of electric vehicles to be reduced to compensate for the additional weight of the batteries over a conventional engine.

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Latrobe Magnesium is uniquely placed to meet increasing worldwide demand for magnesium as a result of:

• Australia’s global framework of free trade agreements, with major markets including Japan and the USA.
• Industry leading emissions standards.
• A global trend towards critical material supply chain diversification.
• The growing demand for magnesium across a broad range of products and economic sectors.

 

Competitive Advantage

The only process capable of extracting magnesium and SCM from fly ash and ferro nickel slag feedstocks.
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• Cost competitive – LMG’s processes are half the operating cost of traditional magnesium and SCM production methods.
• Valuable by-products, including SCM and amorphous silica, which further offset operating costs for magnesium production.
• Significantly lower CO2 emissions, at nearly 1/3 of average traditional producers for fly ash and an estimated 50 percent reduction compared to the traditional magnesium industry producers.
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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

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Disclosure

At the time of writing the author owns shares in Latrobe Magnesium bought in the market at the prevailing price on the day of purchase.

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