Magnesium’s many properties make it a metal of choice in many industries. Technological advances and innovations are leading to the development of many new uses. Its primary current uses continue to be in the transportation and aluminum sectors.
- Aluminum alloys
- Die castings
- Refining of titanium
- Desulphurization of steel
- Nodular cast iron
Estimated Consumption Distribution of Magnesium Alloys by Application Worldwide
Source : Roskill, 2012
Magnesium is central to the transportation market and its electrification
Energy efficiency, increased performance and durability are also key issues when choosing a metal.
Light, fuel-efficient vehicles are at the centre of the automotive landscape, causing magnesium to gain ground as a preferred manufacturing material (Future Market Insights).
Lighter and longer lasting: Magnesium’s low density allows it to be used in vehicles to reduce their total weight. According to a World Bank report, The Growing Role of Minerals and Metals for a Low Carbon Future, the energy transition to a low-carbon economy is causing a significant increase in demand for minerals, including magnesium. Similarly, the electrification of transportation requires access to lightweight materials in order to increase the range of vehicles. Moreover, the increase in popularity of electric cars is directly linked to greater battery range.
Magnesium: essential to the aluminum market
Quebec’s aluminum sector is a major consumer of magnesium and requires this green metal for its greener aluminum production strategy.
This makes Alliance Magnesium a smart solution for growth-spurring partnerships. Magnesium will therefore join the light metals cluster currently expanding in Quebec.
Estimated distribution of the consumption of aluminum alloys by industry in the world
Source : Roskill, 2011
Essential to the iron and steel markets
Magnesium in electronic equipment
Indeed, magnesium alloys are particularly well suited to components for computers, communication devices and electronics, such as cell phones, laptops, tablets, etc.
Magnesium not only reduces the weight of the devices, but it also offers excellent protection against electromagnetic interference and radio frequencies.
Like its global competitors, Quebec’s aerospace industry is looking for new aluminum alloys. Alliance Magnesium has expressed interest in working on the development of a superalloy cluster. The aluminum superalloys currently under development can contain up to 10% magnesium.
- Snowboard bindings, snowshoes, snowmobiles
- Bicycle frames, racing bicycles and sports wheelchairs
- Body armour on professional motorcycle suits
- Golf clubs