Import origins by country since 2010
Where US imports come from each month, by country and grade.
Magnesium Price per kg (United States)
On the US Critical Minerals List and the EU Critical Raw Materials Act list.
Price per kg contained
$3.99
- 1M
- −2.0%
- 6M
- +19.7%
- 1Y
- −19.7%
- 5Y
- +28.6%
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Magnesium price chart
The Stockatomics monthly US benchmark for magnesium, in US dollars per kg contained.
$3.99
- 1m
- −2.0%
- 6m
- +19.7%
- 1y
- −19.7%
- 5y
- +28.6%
18 October 2026
- Benchmark price
- $3.99
- Import volume
- Locked
- All-imports price
- Locked
- Premium-priced imports
- Locked
- China share of imports
- Locked
- China unit-value spread
- Locked
- Origin countries
- Locked
At a glance
Magnesium price key figures
- Price per kg contained
- $3.99
- 1-month change
- −2.0%
- 6-month change
- +19.7%
- 1-year change
- −19.7%
- 5-year change
- +28.6%
- 12-month high
- $4.07
- 12-month low
- $2.52
- Price month
- October 2026
- Price type
- Stockatomics monthly benchmark
- Last updated
- 18 October 2026
By month
Magnesium monthly prices
The magnesium benchmark for every month from January 2010 to October 2026, in US dollars per kg contained, newest first.
| Month | Price per kg contained | Change |
|---|---|---|
| $3.99 | 0.0% | |
| $3.99 | 0.0% | |
| $3.99 | −2.0% | |
| $4.07 | +8.0% | |
| $3.77 | +20.1% | |
| $3.14 | +24.6% | |
| $2.52 | −22.5% | |
| $3.25 | −2.4% | |
| $3.33 | −14.0% | |
| $3.87 | −1.5% | |
| $3.93 | −0.3% | |
| $3.94 | −2.2% | |
| $4.03 | +15.1% | |
| $3.50 | −29.6% | |
| $4.97 | −2.9% | |
| $5.12 | −5.7% | |
| $5.43 | +9.3% | |
| $4.97 | −1.2% | |
| $5.03 | +22.7% | |
| $4.10 | +53.0% | |
| $2.68 | −37.1% | |
| $4.26 | +20.7% | |
| $3.53 | −31.5% | |
| $5.15 | +290.2% | |
| $1.32 | −69.7% | |
| $4.36 | +10.9% | |
| $3.93 | +1.3% | |
| $3.88 | +15.5% | |
| $3.36 | +22.2% | |
| $2.75 | −14.6% | |
| $3.22 | −4.7% | |
| $3.38 | −17.2% | |
| $4.08 | −25.5% | |
| $5.48 | +11.2% | |
| $4.93 | −1.0% | |
| $4.98 | +8.5% | |
| $4.59 | +22.7% | |
| $3.74 | −13.6% | |
| $4.33 | −10.7% | |
| $4.85 | +8.5% | |
| $4.47 | +49.0% | |
| $3.00 | −33.5% | |
| $4.51 | +10.0% | |
| $4.10 | −20.4% | |
| $5.15 | +3.0% | |
| $5.00 | +32.6% | |
| $3.77 | −49.1% | |
| $7.41 | +29.5% | |
| $5.72 | −3.1% | |
| $5.90 | +12.0% | |
| $5.27 | −10.1% | |
| $5.86 | −24.6% | |
| $7.77 | −3.0% | |
| $8.01 | +5.1% | |
| $7.62 | −12.6% | |
| $8.72 | +7.1% | |
| $8.14 | +67.8% | |
| $4.85 | +123.5% | |
| $2.17 | −50.8% | |
| $4.41 | +30.9% | |
| $3.37 | +4.3% | |
| $3.23 | +4.2% | |
| $3.10 | −8.8% | |
| $3.40 | +23.2% | |
| $2.76 | −15.6% | |
| $3.27 | +3.8% | |
| $3.15 | −15.3% | |
| $3.72 | +6.9% | |
| $3.48 | −2.0% | |
| $3.55 | +6.6% | |
| $3.33 | −13.5% | |
| $3.85 | +52.2% | |
| $2.53 | −27.5% | |
| $3.49 | +8.4% | |
| $3.22 | +7.0% | |
| $3.01 | −21.2% | |
| $3.82 | −9.9% | |
| $4.24 | +9.0% | |
| $3.89 | −3.5% | |
| $4.03 | −5.6% | |
| $4.27 | +19.6% | |
| $3.57 | −5.8% | |
| $3.79 | +2.7% | |
| $3.69 | +12.5% | |
| $3.28 | +4.8% | |
| $3.13 | +2.0% | |
| $3.07 | −14.2% | |
| $3.58 | +0.3% | |
| $3.57 | −5.1% | |
| $3.76 | +1.6% | |
| $3.70 | 0.0% | |
| $3.70 | +2.8% | |
| $3.60 | +7.8% | |
| $3.34 | −3.5% | |
| $3.46 | +11.3% | |
| $3.11 | −4.0% | |
| $3.24 | −5.3% | |
| $3.42 | +6.9% | |
| $3.20 | −2.4% | |
| $3.28 | −5.2% | |
| $3.46 | +11.6% | |
| $3.10 | +2.0% | |
| $3.04 | −1.6% | |
| $3.09 | −13.4% | |
| $3.57 | +23.5% | |
| $2.89 | −8.5% | |
| $3.16 | −2.5% | |
| $3.24 | +6.2% | |
| $3.05 | −9.0% | |
| $3.35 | +7.7% | |
| $3.11 | +34.1% | |
| $2.32 | −30.5% | |
| $3.34 | +11.3% | |
| $3.00 | −10.4% | |
| $3.35 | +3.1% | |
| $3.25 | +1.2% | |
| $3.21 | +1.9% | |
| $3.15 | −0.6% | |
| $3.17 | −3.1% | |
| $3.27 | −6.6% | |
| $3.50 | +6.1% | |
| $3.30 | −0.6% | |
| $3.32 | −5.4% | |
| $3.51 | +2.0% | |
| $3.44 | +6.8% | |
| $3.22 | −5.3% | |
| $3.40 | −2.9% | |
| $3.50 | −2.8% | |
| $3.60 | −12.4% | |
| $4.11 | −1.4% | |
| $4.17 | +7.2% | |
| $3.89 | −1.3% | |
| $3.94 | −7.5% | |
| $4.26 | +5.4% | |
| $4.04 | +5.5% | |
| $3.83 | −1.0% | |
| $3.87 | +4.3% | |
| $3.71 | −3.1% | |
| $3.83 | −1.0% | |
| $3.87 | −1.0% | |
| $3.91 | +0.8% | |
| $3.88 | −0.3% | |
| $3.89 | −0.5% | |
| $3.91 | −2.5% | |
| $4.01 | 0.0% | |
| $4.01 | −2.0% | |
| $4.09 | +15.9% | |
| $3.53 | −9.9% | |
| $3.92 | −3.0% | |
| $4.04 | +1.5% | |
| $3.98 | 0.0% | |
| $3.98 | −0.7% | |
| $4.01 | −1.0% | |
| $4.05 | −1.0% | |
| $4.09 | +1.0% | |
| $4.05 | +4.7% | |
| $3.87 | −7.0% | |
| $4.16 | +19.9% | |
| $3.47 | −14.7% | |
| $4.07 | +1.5% | |
| $4.01 | +1.8% | |
| $3.94 | −1.7% | |
| $4.01 | +3.4% | |
| $3.88 | −7.2% | |
| $4.18 | +1.5% | |
| $4.12 | −0.5% | |
| $4.14 | +2.2% | |
| $4.05 | +2.5% | |
| $3.95 | −1.5% | |
| $4.01 | +0.5% | |
| $3.99 | −3.2% | |
| $4.12 | −5.1% | |
| $4.34 | −3.6% | |
| $4.50 | +1.6% | |
| $4.43 | −0.2% | |
| $4.44 | −2.8% | |
| $4.57 | +2.5% | |
| $4.46 | −1.8% | |
| $4.54 | −7.9% | |
| $4.93 | +0.8% | |
| $4.89 | −2.4% | |
| $5.01 | +7.3% | |
| $4.67 | −4.9% | |
| $4.91 | +2.5% | |
| $4.79 | −1.6% | |
| $4.87 | 0.0% | |
| $4.87 | +3.2% | |
| $4.72 | −3.7% | |
| $4.90 | 0.0% | |
| $4.90 | +3.4% | |
| $4.74 | +1.9% | |
| $4.65 | −3.9% | |
| $4.84 | +3.0% | |
| $4.70 | −2.9% | |
| $4.84 | +4.1% | |
| $4.65 | −0.2% | |
| $4.66 | +3.1% | |
| $4.52 | −5.8% | |
| $4.80 | +2.6% | |
| $4.68 | +15.8% | |
| $4.04 | +4.1% | |
| $3.88 | - |
Summary
Magnesium price summary
Magnesium has fallen 2.0% in the past month.
Over the past 12 months it has ranged from $2.52 to $4.07 per kg contained.
Over one year the price has changed −19.7%, and over five years +28.6%.
Uses
What magnesium is used for
Magnesium (Mg) is the lightest structural metal. Its largest use is as an alloying element in aluminum, from drinks cans to car parts, and it is also cast on its own into lightweight die-cast parts such as steering wheels, seat frames and laptop housings. Steelmakers use it to remove sulphur, and it is the reducing agent in the Kroll process that makes titanium metal.
Other uses
- Nodular cast iron for pipes and car parts
- Sacrificial anodes against corrosion
- Pharmaceuticals and chemicals
- Pyrotechnics and flares
Market
Magnesium supply and demand factors
China produces the great majority of the world's primary magnesium, mostly through an energy-intensive process in a few provinces, so supply is acutely sensitive to Chinese energy and environmental policy. Demand is spread across aluminum alloys, die casting, steel desulphurisation and titanium production. With the US lacking active primary production, American buyers depend on imports and recycled metal.
What moves the price
- Chinese energy and production controls
- Aluminum alloy and die-casting demand
- Titanium sponge production
- Trade measures on Chinese magnesium
History
Magnesium price history
Magnesium's most dramatic moment came in late 2021, when Chinese power curbs shut smelters in Shaanxi province and prices roughly tripled within weeks, alarming aluminum and car makers worldwide. Prices fell back as production resumed, but the episode showed how much the world depends on a single country.
As of October 2026, the Stockatomics benchmark price is $3.99 per kg contained.
Production
Where magnesium is produced
China produces most of the world's primary magnesium, mostly in Shaanxi province. Russia, Israel, Kazakhstan and Brazil are smaller producers. The United States has no active primary production and relies on imports and recycled metal.
Criticality
Why magnesium is a critical mineral
Magnesium is on the US critical minerals list and the EU critical raw materials list. Aluminum alloys, steel and titanium production depend on it, primary production is overwhelmingly concentrated in China, and the United States has no active primary production.
Benchmark
How the magnesium benchmark price is calculated
Stockatomics publishes a monthly US benchmark price for magnesium in US dollars per kg contained, reading as of October 2026. The price is for contained magnesium metal, not for a die-casting alloy.
Converting the price
- Per tonne: multiply the price per kg by 1,000
- Per pound: multiply the price per kg by 0.4536
Stocks
Magnesium stocks
Listed companies with magnesium in their business, and their role in it.
| Company | Ticker | Exchange | Role |
|---|---|---|---|
| ICL Group | ICL | NYSE | By-product producer |
Stockatomics Terminal
More magnesium data in the Terminal
The Stockatomics Terminal has the full picture for magnesium, for subscribers.
Full price history with all import series
The benchmark beside the all-imports and premium-priced import prices, with volumes.
Supply scores and constraints
Supply concentration, elasticity and the constraints behind them.
Companies and production exposure
Which listed companies produce it, and how much of their value depends on it.
FAQ
Magnesium price FAQ
What is the price of magnesium per kg today?
The Stockatomics US benchmark price of magnesium is $3.99 per kg contained as of October 2026. Stockatomics updates it every month.
What is magnesium used for?
Its largest use is as an alloying element in aluminum, from drinks cans to car parts. It is also cast into lightweight parts, used to remove sulphur from steel and needed to produce titanium metal.
Where is magnesium produced?
China produces the great majority of the world's primary magnesium, mostly in Shaanxi province, using an energy-intensive process.
Does the United States produce magnesium?
It has no active primary production, so it relies on imports and recycled metal, a gap that worries aluminum and titanium producers.
How is the magnesium benchmark price calculated?
The Stockatomics benchmark for magnesium is a monthly US price in US dollars per kg contained, published every month and current as of October 2026. How the benchmark is calculated.
Sources
Sources
- U.S. trade data: the monthly magnesium price.
- U.S. Geological Survey (USGS): the US critical minerals list.
- Company filings: the listed companies and their roles.