Spot magnesium prices edge lower

Jan 07, 2013 | 03:44 PM | Suzy Waite

Tags  magnesium prices, automotive demand, magnesium contracts, Suzy Waite

NEW YORK — Spot magnesium prices have dipped slightly due to plentiful supply and weaker demand.

Spot magnesium prices now range from $2 to $2.25 per pound compared with $2.05 to $2.25 previously.

While there is no "excess material in the market, there’s not a shortage either," one consumer source said.

"If you talk to the producers they say they don’t have any extra material, but then suddenly a week later they have another thousand tonnes," he said. "I just think producers are running very efficiently." ....

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