- Posted April 8, 2014 by
Albanian billionaire holds world's largest and richest magnesium reserves
The Korea Institute of Science and Technology have successfully developed and tested the Magnesium-Air battery technology.
The development phase is already quite advanced as this technology is not only running in the laboratory but already in cars, a vehicle AD Motors Change EV has been equipped with this new battery technology, confirming its potential, and a charging time announced at ten minutes. The KIST promises up to 800km of range - without revealing the capacity in kWh.
Toyota announced to work on Magnesium-Ion batteries for its vehicles, and it is now a Korean Institute that has developed a Magnesium-air technology that allows energy density 5 times higher than lithium-Ion.
The 2014 Volkswagen XL1 is currently the most fuel-efficient production car in the world. It had a carbon fiber body, magnesium alloy frame. The magnesium has contributed on building this car, which can do a staggering 313 miles per gallon.
General Motors (GM) and GM China Advanced Technical Centre have begun operating a new magnesium alloy machine for developing next-generation magnesium castings, the company said.
GM's Vertical Squeeze Casting (VSC) machine, will make it easier to manufacture vehicle parts from magnesium and marks a "breakthrough" in its lightweight materials research, the company said. The machine, designed by GM's lightweight materials research teams in Detroit and Shanghai
Magnesium is never found as the free metal. Currently Albanian Minerals company globally holds the world's largest and richest magnesium ore reserves, over 20 billion tons worth trillions of dollars as pure magnesium metal.The magnesium in Albanian Minerals mine's is finest in the world, with over 52% rich in magnesium content.
Sahit Muja Albanian Minerals President and CEO said, "Magnesium is the next big thing in the 21st century. Engineers and scientists are making major discoveries toward lighter cars, trucks, trains, airplanes, vessels by developing a way to expand the use of magnesium in parts. Using magnesium sheets to make parts is a significant breakthrough. Magnesium is 75 percent lighter than steel , 50% lighter than titanium, and 33 percent lighter than aluminum".
Sahit Muja said : There is unprecedented interest in magnesium, as sources of sustainable supply for new batteries and significantly lighter alloys. Magnesium will profoundly changed the economic outlook of clean energy sources. Also magnesium can be used to producing hydrogen, wind turbines, robots and capturing carbon dioxide.
Albanian Minerals CEO Sahit Muja said, "My strategy to explore magnesium opportunity goes back to a vision which took shape 30 years ago in Albania. As Albanian Minerals CEO, I have begin carving out a forward-thinking strategy to secure world's largest and best magnesium reserves and leading edge in magnesium production far into the future".
Mr. Muja added that Magnesium has low density and high strength, magnesium can form high-strength alloy with, chrome aluminum, copper,manganese, nickel, titanium, zinc and other metals as an important alloying element. Currently, China is a major producer and consumer of magnesium in the world. In 2013, China produced 770,000 tons of primary magnesium which was equivalent to 89% of the world's output.
Sahit Muja said, There is huge potential to produce Magnesium ore Eco-cements, Magnesium cements absorb CO2 as they set, Magnesium cements can have greater compressive and tensile strength, greater capacity to “breathe” and to bond. Magnesium has the potential to revolutionise the way we capture and convert the CO2 into magnesium carbonate. Scientists has discovered that magnesium bearing minerals has clean the world in beginning from CO2.
Doron Aurbach of Bar Ilan University has new technologies. The most promising one is based on magnesium ion, which supplies more power than lithium-ion batteries (a positive charge of two, rather than one for lithium-ions) and is cheaper to produce. By using nano-materials to tweak individual cells, Mr. Aurbach believes that new batteries could be significantly lighter, and last 100% longer than current ones.
Japanese scientist Yoshihito Kawamura, a materials science professor at Kumamoto University, and his colleagues have developed two strong, nonflammable magnesium alloys that could be used in aircraft construction.
ARPA innovative and collaborative government agency that brings together America's best and brightest scientists, engineers, and entrepreneurs is supporting magnesium research.