China Magnesium Corp Ltd

0.053
The ASX is currently closed for trading or there is no movement for this stock
China Magnesium Corporation Limited (CMC) is an Australia-based semi-coke and magnesium production company. The Company is engaged in improving and maintaining magnesium production facilities belonging to the Company’s subsidiary Shanxi Province in Northern China, sale of magnesium and consignment of magnesium to Australia, Europe, Asia and Middle East from China. CMC owns interest in CMC China which owns interest in a magnesium ingot production operation in the Sha... continued
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China Magnesium Corp Ltd
China Magnesium Corporation Limited (CMC) is an Australia-based semi-coke and magnesium production company. The Company is engaged in improving and maintaining magnesium production facilities belonging to the Company’s subsidiary Shanxi Province in Northern China, sale of magnesium and consignment of magnesium to Australia, Europe, Asia and Middle East from China. CMC owns interest in CMC China which owns interest in a magnesium ingot production operation in the Shanxi province of north eastern China. The operations produce magnesium using the Pidgeon process.  The Company operates in one reportable segment: processing and sale of magnesium, magnesium alloys and related products. The Company has also adapted a coal to gas unit into a semi-coal cracker.

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Latest CMC news

European equities charge higher
"There was a bit of a wobble (in European stocks) on the news Greece may be attempting to delay its IMF debt payment due next week, but foggy-sounding denials from Athens alleviated some of the concerns," said analyst Jasper Lawler at CMC Markets UK.
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Commodity prices boost share market
"Clearly, a good bounce in commodity prices overnight has helped the market," CMC chief market strategist Michael McCarthy said.
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Shares rebound on China stimulus talk
CMC Markets analyst Michael McCarthy said the local bourse had finished the quarter almost nine per cent higher after a weak day on Monday.
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+ MORE CMC NEWS
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