Magnesium prices slip on supply glut

Apr 05, 2013 | 02:45 PM | Michael Cowden

Tags  magnesium, market, prices, price decline, supply glut, Americas, Europe, China Michael Cowden

CHICAGO — Spot magnesium prices have slipped in recent weeks as market participants expressed concern about supply outstripping demand in most regions of the world.

AMM’s spot magnesium price has dropped to between $1.88 and $2.22 per pound from between $2.00 and $2.25 previously.

Spot business has been thin in a domestic market generally characterized by long-term supply agreements, industry players said. But some also said prices had been trending downward in spot deals they had transacted.....

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