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.
The post Reuters reveals Europe aims to revive magnesium output by 2025 to cut China reliance appeared first on Reuters News Agency.