Complex sentence: The metal is now obtained mainly by electrolysis of magnesium salts obtained from brine, and is used primarily as a component in aluminium-magnesium alloys, sometimes called "magnalium" or "magnelium".
Split into simpler sentences: The metal is now obtained mainly by electrolysis of magnesium salts obtained from brine. In commerce, the chief use for the metal is as an alloying agent to make aluminium-magnesium alloys, sometimes called "magnalium" or "magnelium".