Magnesium
Projects
Major Magnesium Projects Worldwide
The development pipeline for Magnesium projects spans exploration through production across multiple jurisdictions. These projects that will shape the future supply landscape for this base metal.
Current Production
1.1 million
tonnes
Top Producer
China
85% share
Projects Tracked
0
Reserves
12 billion tonnes (magnesite + brucite + dolomite)
Government Support and Strategic Initiatives
Recognizing the strategic importance of Magnesium, governments in major consuming nations have launched programs to support project development. These include direct financing, loan guarantees, streamlined permitting, and bilateral resource partnerships. As a USGS-listed critical mineral, Magnesium projects are eligible for various U.S. government support mechanisms including the Defense Production Act Title III program. EU Critical Raw Materials Act provisions enable fast-track permitting and financing support for Magnesium projects within the EU and partner nations.
Key Industry Developments
Recent developments affecting the Magnesium project landscape:
Chinese environmental crackdowns in Shaanxi province shut down numerous Pidgeon process magnesium plants, briefly doubling global prices
Chinas dual-control energy policy forced massive magnesium production cuts in September-October 2021; global prices surged 75% in weeks, threatening European automotive supply chains
European automotive industry lobbied for magnesium supply diversification after the 2021 crisis exposed near-total dependence on Chinese Pidgeon process output
Several non-Chinese magnesium projects advanced including Australian and Middle Eastern proposals to reduce Chinese dependency
More on Magnesium
Explore other aspects of the Magnesium value chain.
Uses & Applications
Explore uses & applications for Magnesium.
Supply Chain
Explore supply chain for Magnesium.
Mining & Processing
Explore mining & processing for Magnesium.
Refining & Grade Specs
Explore refining & grade specs for Magnesium.
Recycling
Explore recycling for Magnesium.
Substitutes
Explore substitutes for Magnesium.
Return to the Magnesium hub page or browse the full Mineral Library.