Dimman;1878616 said:^ I don't think it had anything to do with fire. I think they have difficult to detect corrosion and can spontaneously fracture. (Of course if you then have a high speed magnesium hub spinning and grinding on the road, maybe the fire hazard becomes an issue too? Shudder...).
There was a magnesium model of the TRD Sports T3 (maybe different model number, but similar style) like what Duane (upgraded supra) had before he went CCWs.
Magnesium wheels were banned by FIA (and consequently by many other Motorsports authorities) ,not only because they burned spectacularly but also because magnesium does not need oxygen to burn and when it burns the temperature is extremely high.
Are you sure about the 50% difference? That sounds quite high ,IIRC magnesium wheels compared to high end alloys such as SSR competition or my WedSports were less than 30% lighter...