Abstract: The invention relates to a magnesium-based alloy and a semi-finished product produced therefrom with uniformly small grain size and high cold forming capability. In order to create a fine-grain billet from an ingot, the material of which is highly formable (deep-drawable) at increased temperature and at room temperature and has desirable corrosion properties, according to the invention a magnesium-based alloy (L1, L2) is provided, containing in % by weight zinc (Zn) more than 0.8, but less than 6.2, zirconium (Zr) traces, but less than 1.0, manganese (Mn) more than 0.04, but less than 0.6, calcium (Ca) more than 0.04, but less than 2.0, silicon (Si) traces, but less than 1.0, antimony (Sb) traces, but less than 0.5, silver (Ag) more than 0.1, but less than 2.0, the rest being magnesium and production-related contaminants.

Abstract: Metallic glasses of superior mechanical and magnetic properties are manufactured by annealing the glasses under the influence of an electric current to convert the glass to a composite that includes crystallites, preferably nanocrystallites, dispersed through an amorphous matrix.