Global Market (GLOBAL) · USD
| Market | Price (USD/oz t) | Status |
|---|---|---|
|
Global Market
viewing
GLOBAL · XX
|
$0.0877
per oz t
|
Open |
Magnesium is a lightweight, silvery-white base metal used mainly in aluminum‑magnesium alloys and die‑cast components for automotive and aerospace lightweighting, as well as in electronics, chemical processes and specialty applications; its contribution to fuel‑efficiency and performance makes it strategically important to manufacturing and defense supply chains. Pricing is driven by energy‑intensive production methods and feedstock availability (magnesite/seawater), concentrated global supply—notably China—trade and environmental policies, recycling rates and demand cycles in automotive, aerospace and construction.