A dissolvable magnesium composite that at least partially forms a ball, a frac ball, a tube, a plug or other tool component that is to be used in a well drilling or completion operation, said dissolvable magnesium composite includes in situ precipitate, said dissolvable magnesium composite comprising a mixture of magnesium or a magnesium alloy and an additive material, said magnesium composite includes greater than about 60 wt. % magnesium, said in situ precipitate includes said additive material, said additive material includes one or more metal materials selected from the group consisting of:
- a) nickel, wherein said nickel constitutes about 0.04-0.4 wt. % of said dissolvable magnesium composite, and
- b) copper, wherein said copper constitutes about 0.1-10 wt. % of said dissolvable magnesium composite,
- said dissolvable magnesium composite has a dissolution rate of at least 10 mg/cm2/hr. in 2.1 wt. % KCl water mixture at 93° C.