MAGNESIUM SNAPSHOT: Critically low stock levels send price up 13% in Europe

Key data from Fastmarkets’ Friday May 7 pricing sessions in Europe.


Key drivers 

Market participants reported very limited inventories in Europe for prompt availability. Consumers in the aluminium sector, where magnesium is used an alloy, have been looking for material over the last weeks, but the majority of traders did not have material at hand to supply their usual consumers.  Stocks in Rotterdam have decreased on high freight rates and container shortages that are limiting units arriving...

Published

Cristina Belda

May 07, 2021

15:44 GMT

London