The preparation of potassium permanganate KMnO\(_4\) from magnesium (Mg) typically involves an oxidation reaction. Magnesium reacts with manganese(II) compounds to form manganese dioxide MnO\(_2\), which is then further oxidized to potassium permanganate.
The overall reaction process involves first converting Mn(II) (in a compound like magnesium permanganate) to Mn(VII) (in KMnO\(_4\)) through oxidation. The potassium cation (K\(+\)) is introduced to form potassium permanganate KMnO\(_4\).
Thus, the correct answer is Potassium permanganate KMnO\(_4\).