Magnium Australia raises $3.24m for CSIRO-developed tech

The company reckons calculated at current market prices, the magnesium market opportunity clocks an excess of $253 billion to $297 billion.

For the scientific reader, the process involves the carbothermal reduction of magnesium oxide followed by supersonic quenching of the gas products to produce a high purity magnesium powder.

Should the planned scaling phase be finished by December, it’s likely Magnium will come rattling the tin again for the next phase.

Jessica Sier writes on technology, internet culture, cryptocurrencies and software from our Sydney newsroom. She has previously covered global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at [email protected]

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at [email protected]

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