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MgCl2, also known as Magnesium Chloride, is a chemical compound formed by the combination of magnesium and chlorine. It is an ionic compound, meaning it is composed of positively and negatively charged ions. The magnesium ion (Mg2+) is a cation, while the chloride ion (Cl-) is an anion. MgCl2 is commonly used in various applications, such as deicing roads, producing magnesium metal, and as a source of magnesium in various industrial processes.