Magnesium
A lightweight material that is increasingly favoured by the automotive industry due to its role in improving fuel efficiency
Magnesium
Magnesium metal is renowned for lowering the weight of components without reducing their overall strength. Demand is increasing due to its many applications in transportation, particularly because using magnesium alloys in place of heavier metals in multiple car parts allows manufacturers to improve fuel efficiency in vehicles. China dominates the magnesium supply chain, particularly at the refining stage, though global reserves are widespread. Current magnesium operations are rarely associated publicly with major ESG issues. However, a major challenge for new potential producers is extracting and refining the metal in a more energy efficient manner to reduce environmental impacts.
Main uses and applications
As the lightest of the most regularly employed structural materials, magnesium in its casting alloy shape has many applications in the automotive industry, including in gearboxes, steering columns and fuel tank covers.i It is appeal to the automotive industry is strongly related to its low weight – magnesium is 75% lighter than steel and 33% lighter than aluminium – which improves fuel efficiency.ii Magnesium’s applications extend to aviation, train manufacturing and aerospace.
Additionally, when commercialised as a pure metal, magnesium is implemented as a desulphurisation agent to prevent brittleness in steel and in aluminium alloys. It enhances the strength of aluminium for packaging applications such as cans and trays, but it is also used in construction, for cladding, roofing or in parts such as doors and windows. Magnesium has a range of others uses, including in medical, sports, and portable electronics applications.iii
Key Countries
Top Producer
China
Top Reserves
Supply Chain Risk
TDi Sustainability's data rates Magnesium's association with the following issues as high or very high:
Country Governance Risks
Magnesium's association with countries experiencing: