Mg

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:

2017

Chinese environmental crackdowns in Shaanxi province shut down numerous Pidgeon process magnesium plants, briefly doubling global prices

2021

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

2022

European automotive industry lobbied for magnesium supply diversification after the 2021 crisis exposed near-total dependence on Chinese Pidgeon process output

2024

Several non-Chinese magnesium projects advanced including Australian and Middle Eastern proposals to reduce Chinese dependency

Return to the Magnesium hub page or browse the full Mineral Library.