| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Magnesium | China | FOB | USD 2,488.18/MT | April 2026 |
| Magnesium | India | CIF | USD 2,538.18/MT | April 2026 |
| Magnesium | USA | CIF | USD 2,575.18/MT | April 2026 |
| Magnesium | Germany | CIF | USD 2,614.18/MT | April 2026 |
| Magnesium | Australia | CIF | USD 2,526.18/MT | April 2026 |
| Magnesium | China | FOB | USD 2,440.87/MT | March 2026 |
| Magnesium | India | CIF | USD 2,495.87/MT | March 2026 |
| Magnesium | USA | CIF | USD 2,529.87/MT | March 2026 |
| Magnesium | Germany | CIF | USD 2,522.87/MT | March 2026 |
| Magnesium | Australia | CIF | USD 2,484.87/MT | March 2026 |
Stay updated with the latest magnesium prices, historical data, and tailored regional analysis
Asia
During Q1’26, magnesium prices in Asia followed an upward trend, with China magnesium prices increasing by ~3.47% from January to March. Supply tightened as production declined in February and inventories remained controlled, while cost support from ferrosilicon and energy inputs strengthened producer sentiment. Global primary magnesium production was estimated at about 1.1 million metric tons, with China contributing about 950 thousand metric tons, maintaining its dominant position in global supply. Demand improved after the Lunar New Year from aluminium alloys, die-casting, and steel desulfurization sectors, supporting market activity. Export dynamics were influenced by higher freight and insurance costs following the Strait of Hormuz disruption, which raised landed costs and supported export offers.
Europe
During Q1’26, magnesium prices in Europe showed a firm trend, influenced by reliance on imports and exposure to global supply conditions. Higher logistics costs and shipping disruptions increased landed costs, while steady demand from automotive and industrial casting sectors supported consumption. However, cautious procurement and moderate industrial activity limited stronger upward movement.
North America
During Q1’26, magnesium prices in North America remained stable to firm, supported by steady downstream demand and supply dependence on imports. Demand from automotive lightweighting, aerospace components, and electronics applications sustained consumption levels. However, elevated freight costs and supply chain disruptions linked to the Iran war increased cost pressure, while cautious buying limited sharper price increases.
Analyst Insight
According to Procurement Resource, near-term magnesium prices are expected to remain firm, supported by controlled supply and steady downstream demand, though logistics conditions may continue to influence market direction.
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Asia
The magnesium market in China followed a broadly softening trajectory through the fourth quarter of 2025, characterised by gradual price erosion and persistently weak trading sentiment. Prices declined progressively through the opening phase of the quarter, as downstream buyers maintained cautious purchasing behaviour and demand from automotive, aerospace, and die-casting alloy sectors remained subdued. Export-oriented enterprises adopted a wait-and-see approach, significantly reducing raw material procurement plans amid uncertainties in international markets. On the supply side, magnesium smelters demonstrated a strong inclination to hold prices, with many choosing to limit shipments rather than accept further discounts. However, cash flow pressures at some facilities led to selective small-scale selling, adding modest downward pressure. Input cost dynamics presented a mixed picture, with coal prices rising and semi-coke prices softening, collectively increasing production costs and deepening smelter losses. As the quarter progressed, transaction prices fell below the cost line for many producers, prompting some facilities to consider output reductions or transition toward magnesium alloy production. The market closed the period in a weak and stable pattern, with prices consolidating at low levels amid a persistent mismatch between producer price expectations and buyer willingness to transact.
Europe
European magnesium market conditions broadly mirrored the subdued trajectory observed in China during the fourth quarter. Downstream demand from automotive component manufacturers and specialty alloy producers remained measured, and buyers maintained cautious procurement strategies throughout the period. Import availability from Asian producers kept competitive pressure on regional pricing, and the overall market tone reflected weak sentiment without a clear catalyst for recovery. Prices drifted lower through the quarter before stabilising at depressed levels toward the close.
North America
North American magnesium prices followed a pattern largely consistent with the weakness observed in Asian and European markets through the fourth quarter. Demand from die-casting, automotive, and industrial alloy applications stayed restrained, with end-users limiting purchases to immediate needs. Competitive import offers and adequate supply availability prevented any meaningful price recovery, and the market closed the period at soft levels, reflecting the cautious and subdued sentiment that characterised global magnesium trade throughout the quarter.
Formaldehyde (37%), or formalin, is a water-based saturated solution of 37% Magnesium is a silvery white solid that is not found in its free form in nature but rather found as carbonates, silicates, hydroxides, chlorides, or an amalgam. Pure metal burns with a white light in the air and is highly reactive. Magnesium is the lightest structural metal and is a good conductor of heat and electricity.
Mg
Medicines, cosmetics, explosives, pyrotechnic devices, aerospace, in alloys.
NIPPON KINZOKU CO., LTD., Latrobe Magnesium, Alliance Magnesium Inc., US Magnesium LLC, Regal Magnesium Co. Ltd., Dead Sea Magnesium Ltd., RIMA Group, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Magontec Ltd, MagOne Products, WHY Resources.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Magnesium is extracted from dolomite and magnesite ores. The ores are crushed, roasted followed by the addition of ground ores into the seawater in tanks leading to the settling of magnesium hydroxide, which is heated and mixed with coke and reacted with chlorine to form molten magnesium chloride, which is electrolyzed to obtain pure magnesium.
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