Magnesium Price Trend

Magnesium Price Trend, Index and Forecast

Track the latest insights on magnesium price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Magnesium Prices Outlook Q3 2025

• India: USD 2460/MT
• China: USD 2292/MT
• Japan: USD 2515/MT
• France: USD 3342/MT
• Thailand: USD 1742/MT

Magnesium Price Chart

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During the third quarter of 2025, the magnesium prices in India reached 2460 USD/MT in September. Prices eased as alloy and casting manufacturers moderated procurement, reducing spot demand. Downstream facilities worked through existing inventories at a measured pace, while domestic supply chains operated with few interruptions. Stable upstream conditions allowed suppliers to fulfill orders smoothly, creating a steady procurement rhythm across industrial segments.

During the third quarter of 2025, the magnesium prices in China reached 2292 USD/MT in September. The downward movement was influenced by enhanced smelter output, which contributed to broader availability in the domestic market. Demand from casting and metallurgical units advanced steadily but not sharply enough to absorb the additional supply. Distribution networks functioned predictably, and import competition remained manageable, supporting a generally well-supplied operating environment.

During the third quarter of 2025, the magnesium prices in Japan reached 2515 USD/MT in September. Prices increased as currency dynamics raised the cost of imported magnesium, which forms a major share of local consumption. Automotive and electronics manufacturers sustained regular procurement, anchoring industrial activity. Variations in shipping schedules prompted buyers to plan arrivals earlier, helping maintain consistent flow to fabrication units.

During the third quarter of 2025, the magnesium prices in France reached 3342 USD/MT in September. The upward movement stemmed from sustained aerospace and advanced manufacturing requirements that drove steady consumption. European supply remained structurally limited, reinforcing tighter availability across key industrial corridors. Manufacturers sought to secure coverage ahead of anticipated activity, strengthening the region’s draw on magnesium.

During the third quarter of 2025, the magnesium prices in Thailand reached 1742 USD/MT in September. Prices softened as buyers aligned procurement more closely with moderate output levels. Imports continued to arrive consistently, ensuring balanced supply conditions. Downstream facilities adjusted purchase volumes gradually, maintaining predictable production schedules without creating significant fluctuations in material flow.

Magnesium Prices Outlook Q2 2025

• India: USD 2492/MT
• China: USD 2375/MT
• Japan: USD 2475/MT
• France: USD 3165/MT
• Thailand: USD 1772/MT

During the second quarter of 2025, the magnesium prices in India reached 2492 USD/MT in June. Prices were shaped by regular domestic output and orderly distribution, supporting stable conditions across downstream industries. Buyers followed scheduled replenishment cycles that aligned with production needs, allowing market participants to maintain predictable movement of material through established supply channels.

During the second quarter of 2025, the magnesium prices in China reached 2375 USD/MT in June. Prices increased as smelter maintenance limited near-term production and encouraged firmer supplier sentiment. Industrial consumption rose steadily among casting and automotive manufacturers. Logistics networks operated with reasonable efficiency, helping downstream sectors maintain consistent access to material and supporting well-coordinated production routines.

During the second quarter of 2025, the magnesium prices in Japan reached 2475 USD/MT in June. The upward trend was supported by higher import-related expenses driven by currency fluctuations. Domestic manufacturers maintained steady uptake to match planned production cycles in automotive and electronics areas. Delivery schedules showed some variation across major routes, prompting manufacturers to structure procurement more proactively.

During the second quarter of 2025, the magnesium prices in France reached 3165 USD/MT in June. Prices advanced as aerospace and transport equipment production increased, strengthening industrial consumption. European producers faced limited capacity flexibility, translating into constrained supply availability. Market participants coordinated deliveries carefully, ensuring consistent operating rates across key industrial hubs.

During the second quarter of 2025, the magnesium prices in Thailand reached 1772 USD/MT in June. Prices strengthened as downstream activity progressed steadily, encouraging balanced sourcing. Importers navigated fluctuations in shipping-related expenses, which shaped their scheduling patterns. Manufacturers maintained a measured pace of procurement that aligned with production planning, promoting well-managed inventory levels.

Magnesium Prices Outlook Q1 2025

• Canada: USD 1158/MT
• China: USD 2270/MT
• Japan: USD 2415/MT
• France: USD 3052/MT
• Thailand: USD 1727/MT

During the first quarter of 2025, the magnesium prices in Canada reached 1158 USD/MT in March. As per the magnesium price chart, prices in Canada experienced fluctuations influenced by a mix of factors, including increased supply, eased demand in key sectors like automotive, and the impact of global economic conditions. Raw material availability and production costs also played a role in determining the overall price trend.

During the first quarter of 2025, magnesium prices in China reached 2270 USD/MT in March. Prices in China exhibited a combination of factors influencing their trend. Prices initially experienced a slight weakness due to cautious demand and decreased activity during the Chinese Lunar New Year. Besides, the ongoing US-China trade war also influenced magnesium powder prices.

During the first quarter of 2025, the magnesium prices in Japan reached 2415 USD/MT in March. Prices experienced fluctuations due to a combination of factors. These changes were influenced by post-holiday seasonality, supply-side tightness, and disruptions due to the Chinese New Year. Additionally, global economic challenges and supply chain bottlenecks contributed to the price volatility.

During the first quarter of 2025, the magnesium prices in France reached 3052 USD/MT in March. France exhibited slight volatility, influenced by a balance of factors, including stable supply chains, moderate demand from downstream industries, and consistent raw material costs.

During the first quarter of 2025, the magnesium prices in Thailand reached 1727 USD/MT in March. The overall supply situation, including the availability of raw materials and production capacity, played a role in price fluctuations. Besides, the demand from the automotive and aerospace industries, which are significant consumers of magnesium alloys also impacted pricing.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the magnesium prices.

Europe Magnesium Price Trend

Q3 2025:

As per the magnesium price index, Europe saw an upward movement consistent with rising conditions in the region’s industrial market. Demand from aerospace assembly clusters and high-precision engineering hubs expanded steadily as manufacturers advanced production schedules. Several European smelting facilities operated with limited flexibility because of energy-intensive processes, constraining response to growing procurement requirements. Cross-border freight coordination along major inland corridors experienced intermittent disruptions as certain rail and barge routes faced scheduling congestion. These market dynamics encouraged manufacturers to refine supply planning to maintain uninterrupted production flows.

Q2 2025:

Europe recorded an upward direction during this period. The region’s industrial base, particularly producers of structural components and specialized machinery, sustained elevated activity that reinforced magnesium usage. Continental suppliers faced restrictive operating windows as energy policy adjustments heightened production costs across several countries. Inland distribution networks experienced seasonal constraints, prompting buyers to diversify preferred transit channels to maintain reliability. These evolving operating conditions influenced how European manufacturers structured sourcing timelines around expected industrial workloads.

Q1 2025:

As per the magnesium price index, prices in Europe experienced changes influenced by a combination of supply and demand factors, as well as global economic conditions. Supply constraints, particularly related to logistics and production, led to volatile prices, while demand from various sectors like agriculture, pharmaceuticals, and manufacturing also played a role. Additionally, the global economic climate, including rising inflation and a weakening euro, impacted demand and ultimately contributed to price fluctuations. 

This analysis can be extended to include detailed magnesium price information for a comprehensive list of countries.

North America Magnesium Price Trend

Q3 2025:

As per the magnesium price index, industrial activity across North America advanced steadily, supported by consistent operations in transportation manufacturing, commercial machinery plants, and metal-forming facilities. Several inland logistics corridors saw periods of congestion as trucking and rail networks synchronized seasonal freight demands, prompting buyers to schedule inbound shipments more precisely. Domestic magnesium processors operated at typical utilization rates, allowing predictable movement of material to fabrication hubs. Production managers across the region focused on aligning procurement strategies with workforce availability and localized transportation conditions.

Q2 2025:

Manufacturing sectors across North America maintained routine operations, with strong participation from engineered products, industrial tooling, and mobility equipment segments. Port throughput remained dependable, though certain inland terminals experienced occasional clustering of freight volumes that required adjustments in distribution scheduling. Smelting and processing sites calibrated output according to industrial planning cycles, preventing irregular inventory accumulation. These conditions shaped how procurement teams coordinated deliveries to support reliable output across key downstream categories.

Q1 2025:

Magnesium prices in North America experienced an increased supply and easing demand in key sectors like automotive. This was further exacerbated by a slow recovery in the automotive sector, elevated inventories, and high interest rates dampening vehicle sales. Besides, variability in freight transportation and persistent supply chain disruptions further pressured prices.

Specific magnesium historical data within the United States and Canada can also be provided.

Middle East and Africa Magnesium Price Trend

Q3 2025:

As per magnesium price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences.

Q2 2025:

The report explores the magnesium pricing trends and magnesium price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on magnesium prices for countries can also be provided.

Asia Pacific Magnesium Price Trend

Q3 2025:

Asia Pacific experienced a downward regional direction aligned with softening conditions in key producing centers. Active manufacturing zones in casting, electronics, and metal component fabrication continued to generate steady consumption, although not at levels that fully absorbed available supply. Ocean freight schedules across regional shipping lanes faced sporadic delays, altering the distribution rhythm for several import-reliant economies. Currency considerations shaped how buyers planned arrivals and negotiated shipment timing. These operational factors guided manufacturers as they adjusted sourcing strategies to support scheduled production requirements.

Q2 2025:

Asia Pacific registered an upward pricing direction supported by stronger conditions in its major industrial markets. Expanding output across automotive manufacturing, electrical component production, and precision casting increased demand for magnesium inputs. Maritime freight costs across major trade lanes shifted throughout the quarter, leading importers to recalibrate delivery windows across regional hubs. Supply coordination among local distributors remained active as they balanced stock turnover with rising consumption. These developments influenced manufacturers as they synchronized procurement cycles with accelerating industrial workloads.

Q1 2025:

Magnesium prices in the region experienced volatility, influenced by both supply-side factors and demand fluctuations. Specifically, the market was impacted by post-holiday seasonality and supply chain disruptions. The impact of these factors led to increased uncertainty and prompted manufacturers to adjust their pricing strategies. 

This magnesium price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Magnesium Price Trend

Q3 2025:

Latin America's magnesium market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in magnesium prices.

Q2 2025:

Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting Latin America’s ability to meet international demand consistently. Moreover, the magnesium price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing magnesium pricing trends in this region.

Q1 2025:

Latin America's magnesium market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in magnesium prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the magnesium price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing magnesium pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

Magnesium Pricing Report, Market Analysis, and News

IMARC's latest publication, “Magnesium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the magnesium market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of magnesium at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed magnesium prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting magnesium pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Magnesium Industry Analysis

The global magnesium industry size reached 990.14 Thousand Tons in 2025. By 2034, IMARC Group expects the market to reach 1,232.22 Thousand Tons, at a projected CAGR of 2.46% during 2026-2034. Growth is supported by rising demand for lightweight alloys in transportation, expanding deployment across aerospace platforms, and increasing use in electronics, construction materials, and metallurgical processing.

Latest developments in the magnesium industry:

• August 2025: Martin Marietta Materials, Inc. completed the acquisition of Premier Magnesia, LLC, a privately-owned producer of magnesia, which is a compound containing magnesium, strengthening its position in the magnesium materials sector. The deal supports Martin Marietta’s expansion into higher-value magnesium-oxide products and aligns with its strategy to diversify into complementary specialty materials.
   
• June 2024: Latrobe Magnesium Ltd. began a feasibility study for its stage 2 commercial plant, which will produce 10,000 tons of magnesium annually in Victoria’s Latrobe Valley. The company aims to secure all necessary regulatory approvals and complete the feasibility study at the earliest.

Product Description

Magnesium is a lightweight, silvery-white metallic element with the chemical symbol Mg and atomic number 12. It is the eighth most abundant element in the Earth's crust and is essential for various industrial, biological, and chemical applications. The chemical and physical properties of magnesium include atomic weight (24.305 u), melting point (650°C (1,202°F)), boiling point (1,090°C (1,994°F)), density (1.738 g/cm³), and electronegativity (1.31 (Pauling Scale)).

Its manufacturing process involves extraction, preparation, electrolysis, casting, and alloying. Magnesium is widely utilized in automotive parts, aerospace components, consumer electronics, medical devices, construction materials, fireworks and pyrotechnics, bicycle frames, agriculture, dietary supplements, and water treatment.

It is known for its lightweight nature, high strength-to-weight ratio, excellent machinability, good corrosion resistance, efficient heat dissipation, recyclability, and eco-friendly nature. Additionally, it provides several advantages, such as versatility, cost-effectiveness, and biocompatibility.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of magnesium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting magnesium price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The magnesium price charts ensure our clients remain at the forefront of the industry.