Magnesium Price | Current and Forecast
Monitor Magnesium Prices Worldwide
See monthly Magnesium prices in 5 locations: US, Europe, China, Africa, Middle East, SE Asia, C. Europe. Also check Magnesium price history since 2007 and forecasts. Subscribe now to Intratec Primary Commodity Prices and gain access to current prices of 244 commodities, including Magnesium.
Subscribe To Access
- Prices across Multiple Locations
- Price History since 2007
- Download Data in Excel Format
- Short Term Price Forecasts
- Prices of Up to 244 Commodities
Plans Starting at $299 USD /year
Data Legend. The Magnesium price chart shows the prices in USA Dollar per metric ton (USD/mt) in 7 locations, as follows:
- US: transaction, cif
- Europe: transaction, cif, Germany
- China: spot, fob
- Africa: transaction, cif, South Africa
- Middle East: transaction, cif, Turkey
- SE Asia: transaction, cif, Thailand
- C. Europe: transaction, cif, Norway
Data Use. Magnesium prices are provided as an annual subscription where subscribers have access to reliable pricing data of 244 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Price Dynamics. The Magnesium price in United States increased during September 2018 to 2,780 USD per metric ton, which represents a considerable rise of 29% compared to the previous month’s value. On a year-over-year basis, Magnesium prices in United States increased significantly by 14%. Meanwhile, in Germany, the average price of Magnesium amounted to 2,280 USD per metric ton, from 2,470 USD per metric ton one year earlier. On a month-over-month basis, the Magnesium price in Germany was flat.
The price of Magnesium in China declined slightly throughout September 2018, reaching 2,380 USD per metric ton. The price in China is 0.4% lower than the average price in the previous month and 2% higher than the average price one year before. In contrast, Magnesium prices in South Africa decreased modestly during September 2018, reaching 2,360 USD per metric ton, which means a decline of 4% from the previous month’s price and a decline of 0.4% from the previous year’s price.
The Magnesium prices in Turkey experienced a modest rise of 90 USD per metric ton from the prior month's price, to 2,560 USD per metric ton. Such price movement in Turkey meant a rise of 4% on a monthly basis and a rise of 17% on a yearly basis. On the other hand, in September 2018, the Magnesium price in Thailand witnessed a rise of 170 USD per metric ton when compared against the previous month's price, to 2,670 USD per metric ton. The September 2018 price in Thailand is 20% higher than the price one year before.
In Norway, the average price of Magnesium was 2,570 USD per metric ton on September 2018 – a little increase of 50 USD per metric ton, or 2%, compared with the previous month. On a year-over-year basis, the Magnesium price in Norway is 9% higher than the price one year before.
Intratec Primary Commodity Prices
Track global current prices of 244 commodities including Magnesium
Plans Starting at $299 USD /year
About Magnesium. Magnesium is an alkaline earth metal and appears as light silvery in color and, when pure, is soft and mechanically weak. It is highly flammable and violently reacts with water, releasing flammable hydrogen gas, thereby requiring special powders and dry sand to extinguish Manganesium fires. This metal is the eighth most abundant element and constitues about 2% of the earth’s crust.
It must be stored in a dry, well close and fireproof location. Furthermore, it is necessary to store separate from halogens, acids and oxidizing materials.
Raw materials and the respective production processes employed in the manufacturing of Magnesium are listed below.
- Magnesium chloride (melt electrolysis; coproduced with chlorine),
- Dolomite, calcined + ferrosilicon (silicothermal reduction)
The uses and applications of Magnesium may vary according to its specification. The main forms of Magnesium are bars; wires; and ribbon.
Although mechanically weak and not used for structural purposes when pure, Magnesium is an important alloy ingredient. It is alloyed with Aluminum to improve its corrosion resistance, as in beverage cans. Other applications include using Magnesium as a deoxidizing agent in Nickel production; as desulfurizing/deoxidizing agent in Steel production; as a fireworks ingredient; and as sacrificial anodes for tanks and pipelines.
