5 Largest Magnesium Producing Companies and Best Magnesium Stocks To Buy

4. China Rare Earth Resources And Technology Co., Ltd. (000831.SZ)

Market Capitalization: $3.92 billion (CNY 28.48 billion)

China Rare Earth Resources And Technology Co., Ltd. (000831.SZ) is a Jiangxi, China-based company that is involved in producing and selling rare earth metals, oxides, and processed products.

The company operates a magnesium mine in Shaanxi province. In addition to primary magnesium production, China Rare Earth Resources And Technology Co., Ltd. (000831.SZ) also recycles scrap magnesium. A large portion of the magnesium output is sold domestically within China to meet the demands of the automotive, electronics, and chemical industries. China Rare Earth Resources And Technology Co., Ltd. (000831.SZ) reported an annual revenue of $521.4 million (CNY 3.79 billion) and a net income of $26.9 million (CNY 195.46 million) in 2022.