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(AMM) ATI ramp-up of titanium sponge plant may lift magnesium price
September 08, 2010 - 21:53 GMT
The ramp-up of the Allegheny Technologies Inc. (ATI) titanium sponge facility in Rowley, Utah, may support domestic magnesium prices as the plant's magnesium consumption could tighten domestic supply, market sources told AMM.
The greenfield facility, which began operating in late 2009,
produces titanium through a reduction process involving
titanium tetrachloride and magnesium metal. A spokesman for the
Pittsburgh-based specialty metals producer declined to disclose
the volume of magnesium required for the reduction process, but
magnesium market sources told AMM the ratio of magnesium to
titanium is about one-to-one.
"Every pound of titanium takes a pound of magnesium," one
magnesium supplier source said.
The vast majority of that material comes from US Magnesium
LLC's Rowley facility since its proximity to ATI's titanium
plant makes transporting molten metal economical.
"We are located within a few hundred feet of...
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Euromoney Institutional Investor PLC.
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