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Bullboard - Stock Discussion Forum Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Metals & Mining Industrial Metals & Minerals
Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of... see more

TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Buzz on the Bullboards: Magnesium , Battery Metals...
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Post by prospero10 on Oct 16, 2020 11:52am

Buzz on the Bullboards: Magnesium , Battery Metals...

Business continues with Western Magnesium as it strives forward to become the No. 1 Global Producer of Green Magnesium Metal.

Electric vehicle manufacturers have been vocal about global shortages of nickel, magnesium, and other electric vehicle battery materials.


The decrease in the price of Tesla’s future electric car will be possible, in part, thanks to the development of the new 4680 batteries, which will be capable of producing 5 times more energy than the ones the company uses today, will provide 6 times more power and a 16 percent more autonomy. At the same time, they will be created with less expensive materials, such as nickel and magnesium in their cathodes instead of cobalt, scarce and very volatile in the market.
 
Tesla (TSLA) has taken its first regulatory step to prepare for the production of its new 4680 battery cell in Texas.

 

Comment by prospero10 on Oct 16, 2020 7:42pm
Business continues with Western Magnesium as it strives forward to become the No. 1 Global Producer of Green Magnesium Metal. Electric vehicle manufacturers have been vocal about global shortages of nickel, magnesium, and other electric vehicle battery materials. The decrease in the price of Tesla’s future electric car will be possible, in part, thanks to the development of the new 4680 ...more  
Comment by prospero10 on Oct 16, 2020 7:52pm
Western Magnesium Corp. has become aware of a statement of claim filed against the company by Jim Sever. The statement of claim is currently under the review of Western Magnesium's legal counsel, and does not affect normal company operations. Western Magnesium will continue to give timely updates regarding this matter. Disruption to the company's operations has not, and will not, be ...more  
Comment by prospero10 on Oct 17, 2020 10:07am
https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries/?utm_source=link&utm_medium=header
Western Magnesium Corp