| Metals & Mining Industry | Materials Sector | David Oliver Paterson CEO | ASX Exchange | Q54790102 CUSIP |
| AU Country | 1 Employees | - Last Dividend | 5 Jun 2024 Last Split | - IPO Date |
Latrobe Magnesium Limited, founded in 1986 and headquartered in Sydney, Australia, focuses on the innovative development of a magnesium production facility. This venture is particularly dedicated to extracting magnesium metal from a fly ash resource, a by-product of coal combustion in power generation. The company's efforts are centralized around the Latrobe Magnesium Project, strategically situated in the Latrobe Valley, Victoria. This region is known for its extensive energy production infrastructure, making it an ideal location for Latrobe’s pioneering magnesium extraction technology.
Latrobe Magnesium Limited specializes in producing magnesium metal through a proprietary extraction process that utilizes fly ash as its primary raw material. This innovative method not only offers a sustainable approach to magnesium production by repurposing waste materials but also positions the company to supply high-quality magnesium to various industries, including automotive, aerospace, and electronics, where the metal is prized for its lightweight and strong characteristics.
Key to Latrobe Magnesium Limited's operations is the development of the Latrobe Magnesium Project. This project represents the practical application of the company's extraction technology, showcasing its potential to produce magnesium at a commercial scale. The project underscores Latrobe's commitment to environmental sustainability and economic growth in the Latrobe Valley, highlighting the company's role in advancing new technology within the magnesium industry.