Reuters reveals Europe aims to revive magnesium output by 2025 to cut China reliance | Reuters News Agency
Economy

Reuters reveals Europe aims to revive magnesium output by 2025 to cut China reliance

Reuters was first to report that EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminum and steel products, with at least three firms working on the project. A European Commission staff working document made available to Reuters places a new emphasis on magnesium and a target of cutting dependence on major producer China, saying investment of up to 2 billion euros will be needed to restart smelting activity in Europe by 2025.

Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: A bulldozer is seen at a magnesium factory near the Dead Sea December 16, 2008.   REUTERS/Baz Ratner/File Photo
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