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The EU wants to relaunch domestic magnesium production to reduce its dependence on China. There are three possible projects, and two of them are in Romania

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The last two European magnesium-producing mines, one in Norway and the other in France, were closed in 2001, one of the reasons being competition from cheap imports from China.

There are currently three possible European projects that could produce magnesium in the coming years, and two of them are in Romania and the third is in Bosnia, says Krzysztof Kubacki, an official at EIT Raw Materials. Agerpres.

This is an EU-funded organization that is working to implement an action plan developed by the EU in 2020 to ensure the supply of the Community block of vital ores.

The company Verde Magnesium, supported by the private fund Amerocap, wants to reopen a magnesium mine in the western part of Romania and is trying to obtain the necessary authorizations from the government in Bucharest.

The president of Verde Magnesium is Bernd Martens, former purchasing director at the German car manufacturer Audi. Green Magnesium hopes to be able to launch production by 2025.

A European Commission working document, consulted by Reuters, focuses on local magnesium production as well as a goal to reduce China’s dependence onIt will take up to € 2 billion in investment to resume magnesium refining in Europe by 2025.

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This issue has become an important issue for Europe, which consumes a fifth of the world’s magnesium supply, especially after the West imposed sanctions on Russia over its invasion of Ukraine. Russia was the world’s fourth largest producer of magnesium last year, with an estimated production of 21,000 tons. Europe’s imports from Russia are modest and magnesium is not on the list of sanctioned products, but Russia’s isolation excludes it as a possible alternative if China’s deliveries were cut off.

The EU executive is concerned that any drop in supplies from China, which is responsible for 90% of the magnesium consumed by the EU bloc, could affect the production of cars, aircraft components and other products that depend on the ore.

Chinese deliveries fell late last year, triggering a price war and prompting the EU to focus on securing domestic production. As a result, Brussels’ decision-makers, which last year gave priority to the supply of rare earth magnets used in the production of electric vehicles and wind turbines, have decided to give equal priority to magnesium.

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“Magnesium has been consistently mentioned as one of the rare metals with the highest danger of supply but has not improved over time,” the EU document reads. to secure 15% of its domestic magnesium demand by 2030.

Figures provided by the consulting firm CM Business Consulting show that the magnesium market is relatively small, with an annual production of about one million tonnes, compared to the aluminum market which is 67 million tonnes per year.

Instead, magnesium plays a vital role in a wide range of products. “The dose of aluminum as we know it, as well as the wings of a modern Airbus aircraft, could not exist without magnesium,” said Alan Clark of CM Business Consulting.

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