From Romania-Insider, April 17:
Verde Magnesium, backed by the Amerocap investment fund, plans to invest in Romania USD 1 billion within eight to ten years to develop a magnesium mine and a processing plant that would use the magnesium to recycle aluminum and produce aluminum alloys.
The company is poised to be the EU's leading producer of metallic magnesium, offering Europe an alternative domestic supply for its demand, which is currently 100% imported.
On April 15, the company was issued the permit to reopen a closed magnesium mine located in western Romania, near Oradea, Profit.ro reported....
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