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Latrobe Magnesium Limited ( (AU:LMG) ) has shared an announcement.
Latrobe Magnesium Limited has successfully commenced production of magnesium oxide at its Hazelwood North Demonstration Plant following initial delays due to storm conditions. The plant has received over 200 tonnes of ash and is ramping up operations with the support of long-term reagent suppliers. The company is also producing by-products such as char, silica, iron oxide, and agricultural lime, and is initiating validation trials for long-term offtake agreements, indicating a strategic move towards expanding its market presence and operational capacity.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the mining and materials industry, focusing on the production of magnesium oxide and by-products from brown coal ash. The company is positioned to leverage its operations in Hazelwood North, Australia, to supply magnesium oxide and other materials to various markets.
Average Trading Volume: 3,784,044
Technical Sentiment Signal: Sell
Current Market Cap: A$60.59M
See more insights into LMG stock on TipRanks’ Stock Analysis page.