Spot prices for magnesium shoot upward in tight mart
Dec 19, 2007 | 02:46 PM
| Meghann McDonell
Spot magnesium prices have spiked as buyers in need of material discover they have plenty of company but very few choices in the U.S. market, sources said.
"Sales have been pretty strong. There is a lot going on," a trader said. "Usually this time of year we see things slow down, and most of the annual stuff has been committed to. But still the market has been a little wild; there are less producers and more buyers."
Spot magnesium is changing hands at between $2.25 and $2.60 per pound, up from $2.05 to $2.15 previously and $1.30 to $1.35 per pound a year ago. The price range is much wider than typical because sellers are changing prices depending on the customer, according to traders.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here