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Dig Media Launches Magnesium Investing News(November 01, 2011)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/01/11 -- Dig Media Inc. is pleased to announce the launch of Magnesium Investing News with launch partner Molycor Gold Corp. (TSX VENTURE:MOR).
Magnesium Investing News is the latest addition to a series of 30+ commodity-focused websites in the Resource Investing News network. Dig Media's sites educate and inform an audience of investors about what is influencing the markets, while providing branding and connecting opportunities for exploration and mining companies.
"Primary magnesium production in North America is solely dependent on one company and protected tariffs are in place on imported magnesium metal, both of which create an opportunity for Molycor Gold," said Molycor Gold President and Director, Ed Lee.
Magnesium Investing News will provide our investor audience insight into the macroeconomics influencing the magnesium market as well as specific insight into public companies exploring and producing magnesium.
Magnesium's status as the lightest of all metals may lead to it replacing aluminum in many everyday products and technologies. Scientific research companies and steel manufacturers are partnering to develop magnesium sheets for use in several products and technologies including the manufacturing of automobiles, aircrafts, hand-held electronics and bicycles.
The European Commission has added magnesium to its "critical" raw materials supply list that includes other metals and minerals under elevated risk for supply shortages, such as rare earths, cobalt and platinum group metals. Currently, 82 percent of global magnesium supply comes from China.
"The need for higher fuel-efficiency and lower emissions in the auto and aircraft industries has manufacturers looking to lighter-weight materials such as magnesium which is 33 percent lighter than aluminum," said Chris Smith, Publisher. Magnesium Investing News is home to original independent articles that will help investors understand the forces driving the magnesium supply and demand chain. Furthermore, investors will be kept up to date with regular magnesium market and company news.
About Dig Media Inc.
Dig Media owns a network of websites, The Resource Investing News network, which educates investors, provides branding opportunities to companies in the commodities industry, and connects top mining exploration companies with an educated pool of investors. Resource Investing News (http://www.resourceinvestingnews.com) is the premier web portal for information on investing in the resource markets. The network of over 30 sites covers a full range of commodities from gold to gas, coal to diamonds, and silver to zinc.
About Molycor Gold Corp.
Molycor Gold Corp. (TSX VENTURE:MOR) is a Vancouver B.C. based junior resource company. Molycor's primary focus is on advancing their NI 43-101 Tami - Mosi Magnesium Project in Nevada which has 412 million tonnes of inferred resources containing 111 billion pounds of magnesium.
For more information on Molycor Gold Corp. please visit www.molycor.com.
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