All commodities
Magnesium
MG · Minor & Specialty Metals · OTC · Quoted in USD/t
2,500.00 USD/t
-350.00 (-12.28%) vs prior
Annual avg, USGS Mineral Commodity Summaries 2026, 2025
Annual averages · from 2021-12-31
Origin markets
Benchmark: Magnesium ingot (99.9%), FOB China. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🇨🇳 China (FOB) China · ~85-90% supply | FOBBenchmark | Shaanxi Pidgeon-process supply dominates |
🇺🇸 US (US Magnesium) USA · sole domestic | Delivered | Sole US producer — a steep domestic premium |
🇪🇺 Europe delivered Europe · AD + energy | Delivered | Anti-dumping duties plus strategic restocking |
🇮🇱 Israel / Brazil Israel · minor supply | FOB | Small non-China supply |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Open
2,850.00
Range high
2,850.00
Range low
2,500.00
Prev Close
2,850.00
1W
—
1M
—
1Y
-22.84%
5Y
—
Exchange
OTC
6-month range
Annualised volatility 15%Low 2,500.00Now 2,500.00 · 0%High 5,206.00
In other units
Converted from 2,500.00 USD/t · indicative FX
USD/kg
2.500
USD/lb
1.134
EUR/t · FX conversion, not an exchange quote
2,300.00
CNY/t · FX conversion, not an exchange quote
18,125.00
About Magnesium
Magnesium is traded in the minor & specialty metals segment. The series on this page is the named public source, not a live feed. Physical parcels of Magnesium can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Minor & Specialty MetalsOTCUSD/t-12.28% vs prior