The Magnium team has set itself at the crossroads of decarbonization in critical mineral processing.
COVID-19 has accelerated the transformation of select aspects of critical minerals in a “once in a generation” seismic shift. The exclusive global carbo-thermic patented technology which we hold and the team’s collaboration with our National science agency is accelerating an outcome to reduce reliance upon iron ore exports to power growth and to onshore and decarbonise mineral processing.
Our goal is to enable the development of Australia's critical minerals sector, including downstream processing and advanced manufacturing opportunities. This will lead to 1000’s of advanced high-paying jobs in regional Australia. 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.
Climate change is driving global demand for green metals most of which are 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 green critical mineral processing of magnesium, lithium and titanium there are significant economic opportunities for Australia that the Magnium team will support.