Magnesium decreased 1,750 CNY/T or 8.24% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Magnesium reached an all time high of 71500 in September of 2021.

Magnesium is expected to trade at 18969.97 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 18012.69 in 12 months time.



Price Day Month Year Date
Coal 135.75 0.25 0.18% 5.31% -28.61% Apr/25
Bitumen 3,748.00 15.00 0.40% 3.51% 1.30% Apr/26
Cobalt 27,830.00 0 0% -2.52% -20.33% Apr/25
Lead 2,239.00 22.00 0.99% 14.06% 5.52% Apr/26
Aluminum 2,603.50 24.50 0.95% 13.27% 12.27% Apr/26
Tin 31,836.00 -102 -0.32% 15.43% 24.44% Apr/24
Zinc 2,894.50 41.50 1.45% 18.77% 10.43% Apr/26
Nickel 19,409.50 218 1.14% 18.24% -19.34% Apr/26
Molybdenum 502.50 -5.00 -0.99% 10.44% -28.36% Apr/26
Palladium 985.50 -6.50 -0.66% 0.22% -34.09% Apr/26
Gallium 2,195.00 0 0% 4.77% 20.27% Apr/26
Germanium 9,650.00 0 0% 2.12% 3.76% Apr/26
Manganese 35.25 1.50 4.44% 16.53% 10.16% Apr/26
Indium 2,425.00 0 0% 18.00% 62.21% Apr/26
Soda Ash 2,000.00 0 0% 2.04% -24.53% Apr/26
Neodymium 495,000.00 0 0% 13.14% -12.39% Apr/26
Tellurium 595.00 0 0% 2.59% -0.83% Apr/26
Rhodium 4,715.00 -25 -0.53% 2.50% -41.06% Apr/24


Magnesium
Trading Economics provides Magnesium pricing based on spot prices for magnesium ingot 99.9% min, traded in China. The biggest Magnesium producer is China, accounting for about 87% of the total production. Magnesium is a critical material for hardening aluminum alloys and is used in everything from power tools to laptops. Major consumers are China (39%), followed by Europe and North America (each around 19%) and Japan (4%).
Actual Previous Highest Lowest Dates Unit Frequency
19500.00 19700.00 71500.00 12550.00 2012 - 2024 CNY/T Daily