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Microwave Chemical surges for fifth straight session on successful iron ore reduction at bench scale
Shares of Microwave Chemical Co., Ltd. <9227> surged significantly, marking their fifth consecutive session of gains. The company announced after the market close on May 26 that it had successfully reduced iron ore in a demonstration using its proprietary microwave-based metal smelting and mining bench equipment. Having completed the bench-scale demonstration?a key milestone toward commercial viability?Microwave Chemical said it will accelerate the development of the technology and seek commercialization partners, fueling the stock's upward momentum. The electric heating device replaces traditional fossil-fuel-based metal smelting processes, such as ore calcination and reduction, with microwave technology to cut carbon dioxide emissions and improve thermal efficiency.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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