- CEO
- Sai Chit Shum
- Full Time Employees
- 344
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Level 17, Silvercord Tower 2 Hong Kong Hong Kong 100010
- IPO Date
- Jan 28, 1993
- Business
- Rare Earth Magnesium Technology Group Holdings Limited, an investment holding company incorporated in Bermuda in 1992 and headquartered at Tower 5, The Gateway, Tsim Sha Tsui, Hong Kong, manufactures, trades, and sells magnesium products and magnesium alloy new materials primarily in Mainland China; it also operates a dolomite mine in Baishan City, Jilin Province. The company produces magnesium ingots, semi-coke, ferroalloys, and high-end rare earth magnesium alloys for applications in new energy vehicles, 3C electronics, medical devices, hydrogen storage, building templates, aerospace, robotics, and low-altitude economy sectors; its production bases are located in Hami, Xinjiang, and Baishan City, Jilin Province, supported by an R&D team including experts from the Changchun Institute of Applied Chemistry, Chinese Academy of Sciences. Formerly known as Group Sense (International) Limited, it changed its name in July 2018 to focus on magnesium alloys after disposing of its electronics business; it acquired Xinjiang Tengxiang Magnesium Products Company Limited in 2015 and magnesium assets from Century Sunshine in 2017; in 2024, it reported revenue of HK$242.7 million from 13,678 tons of magnesium products sold despite a 7.9% decline due to falling prices, while planning upgrades to its semi-coke production facilities in Hami by 2026 to meet ultra-low emission standards amid funding challenges and ongoing asset auctions related to prior loans.