5 Largest Magnesium Producing Companies and Best Magnesium Stocks To Buy

1. Martin Marietta Materials, Inc. (NYSE:MLM)

Market Capitalization: $28.3 billion

Number of Hedge Fund Holders: 47

Value of Hedge Fund Holdings: $2,995,804,700

Martin Marietta Materials, Inc. (NYSE:MLM) is a Raleigh, North Carolina-based provider of aggregates and heavy building materials. The company has a presence in 26 countries in the US, alongside Canada and the Caribbean.

Martin Marietta Materials, Inc. (NYSE: MLM) incorporates magnesium oxide as a crucial ingredient in its cement processing operations. Magnesium oxide is blended with cement to effectively control its setting time and to enhance the strength of the concrete product. The company has a proprietary cement recipe known as MagChem that comprises magnesium oxide and is used for projects like rapid road repairs.

Here’s what The London Company said about Martin Marietta Materials, Inc. (NYSE:MLM) in its Q2 2023 investor letter:

“Martin Marietta Materials, Inc. (NYSE:MLM) – Shares of MLM outperformed during Q2, driven by improving sentiment around construction activity, along with strong quarterly results that demonstrated robust pricing power and continued margin expansion. Visibility in demand is improving with tailwinds supporting heavy non-residential and infrastructure projects over the medium-term, likely offsetting any temporary weakness in residential and light commercial activity. The company’s leadership position within aggregates and exposure to financially healthy states gives us confidence that it will benefit from growth in infrastructure and construction spending for many years.”

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