European Magnesium Prices Rose on Aluminium Scrap Substitution

  • Tuesday, September 3, 2013
  • Source:

  • Keywords:Mg,Price,Europe
[Fellow]
[Ferro-alloys.com]European magnesium prices rose on Friday August 30, on substitution buying due to the lack of availability of aluminium scrap, market sources said.
 

“Magnesium consumption grows on substitution in Europe when the market lacks aluminium scrap,” a trader said. “We’ve been doing more [deals], and prices have risen.” European magnesium price rose to $2,800-2,900 per tonne from $2,700-2,800 previously, returning to the level last traded in June. 

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