Magnesium prices steady in quiet market
Mar 04, 2013 | 04:23 PM
| Michael Cowden
Tags
magnesium,
magnesium prices,
contract business,
spot business,
Michael Cowden
CHICAGO — U.S. magnesium prices have held steady, due in large part to a thin spot market, sources said.
AMM’s magnesium prices remain unchanged at $2 to $2.25 per pound.
One producer source said his company recently booked a truckload of spot business at $2.22 per pound, but estimated that more than 95 percent of magnesium business in the United States is booked on long-term contract.....
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