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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