Magnium Australia was established to explore and create projects for critical minerals in Australia in order to utilise our country’s natural resource deposits, support our local economy and boost our status as world leaders in innovation.
Our goal is to enable the development of Australia’s critical minerals sector, including downstream processing and manufacturing opportunities. Magnium has secured significant geological reserves of magnesium ore a mineral deemed critical by other nations and Magnium is best placed globally to process that ore with our global competitive advantage in technology, resources, and renewable energy and accordingly we are well placed to capitalise on rising global demand for secure supplies of magnesium metal.
Technological change has been driving global demand for a new group of metals, non-metals and mineral elements considered necessary for the economic wellbeing of the world’s major and emerging economies. The importance of rare earth elements and other critical minerals stems from their unique catalytic, metallurgical, lightweight, nuclear, electrical, magnetic, and luminescent properties. The growing significance of these minerals is demonstrated through their use in the manufacture of mobile phones and computers, flat-screen monitors, wind turbines, electric cars, solar panels, rechargeable batteries, defence industry technology and products, and many other high-tech applications. As demand for critical minerals grows, and our ability to globally lead in a critical mineral there are significant economic opportunities for Australia that Magnium will support.