Magnesium has been slowly going down more and more. It's round...

Magnesium has been slowly going down more and more. It's round $1900 a metric tonne and the company probably found some good off takes using the Singapore trading desk. - It would be good to see that web page improved to provide a more professional image. cmccommodities.com.sg

The benefit of having that trading desk is that they can build up customers and keep their finger on the pulse. Having a diversified range of investments is also beneficial because it allows them to meet more and more customers and use those commodities as leverage.

From what I have read in the announcements it looks like the company is taking steps to get back in the game. The magnesium story has been very slow coming forward but I really think the time is coming and with the ability to upgrade to 100,000 tpa its worth the speculative value.