Since the Magnesium CMC is (and increasingly) producing is mainly taken up by the car industry in China. This story from Bloomberg ,particulary this little teaser may be of intrest to CMC holders
"Chen’s speech didn’t specify any measures, although the China Daily said Jan. 4 they may include subsidies for purchases of vehicles and household appliances. The newspaper cited former Assistant Commerce Minister Huang Hai."
Subsides for vehicle purchases! Hmmmm... no lack of demand for magnesium in China then. If this policy does eventuate, combined with the rationalisation of the Mg industry in China, CMC might just be in the right place at the right time to be ramping up production.
Captain4444... Yes, starting to tap my fingers regarding final permiting document(?) for Dolomite and debt-funding for FeSi. Maybe they ment end of chinese calendar year.!
CMC Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held