Primary magnesium used in alloys and chemical applications.
Reference level, set August 2026
Indicative reference: Magnesium ingot 99.9%, indicative level — no free live index available
MetalsPlace's indicative reference level for magnesium is about 2,650.00 USD/MT, set in August 2026. It is not a live quote and does not move daily: magnesium ingot 99.9%, indicative level — no free live index available. Contract prices are agreed between buyer and seller.
| Indicative level | ~2,650.00 USD/MT |
|---|---|
| Set | August 2026 |
| Type of figure | Indicative reference level (not a live quote) |
| What it measures | Magnesium ingot 99.9%, indicative level — no free live index available |
| Source | Not published: an indicative level set by MetalsPlace in August 2026, not taken from a named price index |
| Unit | USD/MT (US dollars per metric tonne) |
Indicative only, not a contract price. How MetalsPlace sources its prices
Magnesium is the lightest structural metal, about two-thirds the weight of aluminium. Its biggest uses are as an alloying addition to aluminium and in die-cast magnesium parts for cars and electronics, plus desulphurisation in steelmaking. China produces the large majority of primary magnesium, so its output and energy policy set the market.
China produces most of the world's primary magnesium using the Pidgeon process, which relies on cheap coal and ferrosilicon. When Chinese producers cut output for energy or environmental reasons, prices elsewhere can jump quickly.
Solid magnesium scrap is routinely traded, but fine turnings and dust are flammable and classed as dangerous goods for transport. Buyers will ask for the scrap form and how it has been stored.
| Date | Price | Daily Change |
|---|---|---|
| Nov 10, 2026 | 2,650.00 | — |
| Nov 9, 2026 | 2,650.00 | — |
| Nov 8, 2026 | 2,650.00 | — |
| Nov 7, 2026 | 2,650.00 | — |
| Nov 6, 2026 | 2,650.00 | — |
| Nov 5, 2026 | 2,650.00 | — |
| Nov 4, 2026 | 2,650.00 | — |
| Nov 3, 2026 | 2,650.00 | — |
| Nov 2, 2026 | 2,650.00 | — |
| Nov 1, 2026 | 2,650.00 | — |
| Oct 31, 2026 | 2,650.00 | — |
| Oct 30, 2026 | 2,650.00 | — |
| Oct 29, 2026 | 2,650.00 | — |
| Oct 28, 2026 | 2,650.00 | — |
| Oct 27, 2026 | 2,650.00 | — |
| Oct 26, 2026 | 2,650.00 | — |
| Oct 25, 2026 | 2,650.00 | — |
| Oct 24, 2026 | 2,650.00 | — |
| Oct 23, 2026 | 2,650.00 | — |
| Oct 22, 2026 | 2,650.00 | — |
| Oct 21, 2026 | 2,650.00 | — |
| Oct 20, 2026 | 2,650.00 | — |
| Oct 19, 2026 | 2,650.00 | — |
| Oct 17, 2026 | 2,650.00 | — |
| Oct 16, 2026 | 2,650.00 | — |
| Oct 15, 2026 | 2,650.00 | — |
| Oct 14, 2026 | 2,650.00 | — |
| Oct 13, 2026 | 2,650.00 | — |
| Oct 12, 2026 | 2,650.00 | — |
| Oct 11, 2026 | 2,650.00 | — |
Prices are indicative and updated daily. Not for use as binding contract prices.