Magnesium prices firm amid sluggish imports
Apr 23, 2012 | 04:31 PM
| Suzy Waite
NEW YORK Magnesium prices have firmed slightly as sluggish U.S. imports temporarily support prices, although sources remain wary of oversupply concerns later this year.
AMMs magnesium price range tightened to $2.05 to $2.25 per pound from $2 to $2.25 per pound previously.
While overall import numbers rose to 1,404 tonnes in February from 1,017 tonnes in January, according to U.S. International Trade Commission (ITC) data, the majority of the February material1,321 tonnes from Israelwill not be available on the spot market, sources said.....
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