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China Magnesium Corp Ltd

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China Magnesium Corporation Limited (CMC) is an Australia-based company. The Company is a producer of magnesium and magnesium alloys. The Company was form to enter into a joint venture with Pingyao County Maoyuan Porcelain Industry Co, Ltd for the commercial exploitation of the Pingyao Magnesium Project. CMC’s Pingyao Magnesium project resides in a joint venture company known as Shanxi Luyuan Magnesium Company Limited (CMC China). The project is located in the Shanx... continued
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China Magnesium Corp Ltd
China Magnesium Corporation Limited (CMC) is an Australia-based company. The Company is a producer of magnesium and magnesium alloys. The Company was form to enter into a joint venture with Pingyao County Maoyuan Porcelain Industry Co, Ltd for the commercial exploitation of the Pingyao Magnesium Project. CMC’s Pingyao Magnesium project resides in a joint venture company known as Shanxi Luyuan Magnesium Company Limited (CMC China). The project is located in the Shanxi Province of Northern China. The project involves an upgrade of an existing magnesium ingot production plant. The manufacturing plant is located in Pingyao County, Shanxi province, approximately 500 kilometers west of Beijing. The magnesium ingot production plant has a capacity of 5,000 tons per annum of magnesium. In April 2012, the Company announced the acquisition of the quarry, which supplies dolomite to its magnesium production facility in China.

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Latest CMC news

Eurozone stimulus hopes push equities up
"Stocks in Europe have been on a rip since Mario Draghi twice mentioned the prospects of further monetary easing in the eurozone last week and continued higher today" with the latest German data, said Jasper Lawler, an analyst at CMC.
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$A weighed down by stronger yen
"It's been rally, rally, rally, we've seen bonds rally across the board," CMC Markets chief market strategist Michael McCarthy said.
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Bonds rally on Bank of Japan comments
"It's been rally, rally, rally, we've seen bonds rally across the board," CMC Markets chief market strategist Michael McCarthy said.
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