Magnesium traded flat at 17,200 CNY/T on July 18, 2025. Over the past month, Magnesium's price has risen 0.88%, but it is still 7.53% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Magnesium.

Why did the Magnesium Alloy Ingot Price Change in May 2025? The North American Magnesium Alloy Ingot Price Index witnessed a decline during Q1 2025, settling at around USD 2415/MT CFR Houston.

The U.S. spot Western price of magnesium metal amounted to an estimated 3.50 U.S. dollars per pound in 2024. That was a decrease of about 1.50 U.S. dollars per pound in comparison to the previous year. Magnesium is listed as a critical mineral in the U.S.

The global magnesium ingot market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, considering a typical CAGR of 5-7% (a reasonable estimate for this market given its growth drivers) and assuming a 2019 market size of $X billion (a placeholder for a value needing further research to replace – this is crucial information missing from the prompt), we can project a 2025 market size within a range of $Y to $Z billion. This growth is fueled primarily by the expanding automotive and aerospace industries, which rely heavily on magnesium's lightweight yet strong properties for fuel efficiency and improved performance in vehicles and aircraft. The chemical industry also contributes significantly to demand, utilizing magnesium ingots in various chemical processes. Further segmentation by purity level (less than 99.9%, 99.9%-99.999%, and more than 99.999%) reflects the varying applications and associated value chains, with higher purity grades often commanding premium prices. Growth is expected to continue throughout the forecast period (2025-2033), with a projected CAGR reflecting the continued adoption of magnesium in lightweighting initiatives and advancements in magnesium alloy technology. However, challenges remain, including the relatively high cost of magnesium production compared to alternative materials and potential supply chain disruptions. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Key companies like Merck, American Elements, and several Chinese manufacturers hold significant market share. The geographic distribution of production and consumption shows a concentration in Asia-Pacific, particularly China, driven by both manufacturing capacity and significant downstream demand. However, North America and Europe also represent sizable markets, reflecting robust automotive and aerospace sectors. Future growth will likely depend on continued innovation in magnesium alloy development, efforts to reduce production costs, and expanding applications in emerging sectors like renewable energy and electronics. Strategic partnerships and investments in R&D are crucial for companies aiming to capitalize on the market's growth potential. Further investigation into specific market size and CAGR data is necessary for precise predictions, but the trends indicate a promising future for magnesium ingot. This comprehensive report delves into the intricacies of the global magnesium ingot market, projecting a market value exceeding $10 billion by 2030. We analyze key players, emerging trends, and regional disparities to provide a 360° view of this vital industrial metal. The report is specifically designed for investors, industry professionals, and researchers seeking actionable insights into this rapidly evolving market.

The global primary magnesium ingot market is experiencing robust growth, driven by increasing demand from diverse sectors. While precise figures for market size and CAGR are absent from the provided data, we can make reasonable estimations based on industry trends. Considering the presence of major players like HMC, Crown Light Metal, and US Magnesium, along with significant activity in regions like North America and Asia, a conservative estimate for the 2025 market size could be in the range of $5 to $7 billion USD. A projected CAGR of 5-7% for the forecast period (2025-2033) seems plausible, reflecting steady growth fueled by automotive lightweighting initiatives, advancements in electronics manufacturing, and the expanding construction sector. These factors are significantly driving the demand for magnesium ingots due to its lightweight yet strong properties, making it a preferred material in various applications. The market's growth trajectory is shaped by several key factors. Rising demand for lightweight materials in the automotive industry, particularly in electric vehicles, is a major driver. Furthermore, the increasing use of magnesium alloys in consumer electronics, aerospace components, and biomedical applications contributes to market expansion. However, price volatility of raw materials and the environmental concerns associated with magnesium production present potential restraints. Despite these challenges, ongoing technological advancements in production processes, along with a focus on sustainability, are likely to mitigate these risks and support continued market growth. The segmentation of the market (although not specified) likely includes different grades and purities of magnesium ingots, catering to various industry-specific applications. Competitive landscape analysis reveals the presence of both established international players and significant regional producers, indicating a dynamic and competitive market environment.

The global magnesium alloy ingot market is experiencing robust growth, projected to reach a market size of $3620.5 million in 2025. While the precise CAGR isn't provided, considering the strong drivers within the automotive, aerospace, and consumer electronics sectors, a conservative estimate of 5-7% annual growth over the forecast period (2025-2033) seems plausible. This growth is fueled by the increasing demand for lightweight materials in vehicles to improve fuel efficiency, the rising adoption of magnesium alloys in consumer electronics for their durability and lightweight properties, and the expanding aerospace industry's need for high-strength, lightweight components. The automotive and transportation segment is expected to remain the dominant application area, followed by consumer electronics and aerospace and defense. Different alloy types, namely cast and wrought alloys, cater to diverse application needs, contributing to the market segmentation. Key players like Luxfer, U.S. Magnesium, and Yunhai Special Metals are actively shaping the market landscape through their innovative product offerings and expansion strategies. Geographic distribution shows a significant concentration in the Asia-Pacific region, particularly in China, driven by its large manufacturing base and burgeoning automotive sector. North America and Europe also represent substantial market shares, with continued growth anticipated across all regions due to ongoing technological advancements and increasing demand for sustainable and efficient materials. The market's growth trajectory is subject to certain restraints, including fluctuating raw material prices and the inherent challenges associated with magnesium's flammability and corrosion susceptibility. However, ongoing research and development efforts focused on improving magnesium alloy properties and processing techniques are expected to mitigate these challenges. The long-term outlook for the magnesium alloy ingot market remains positive, driven by the persistent demand for lightweight and high-performance materials across various industries. Continued innovation in alloy composition and manufacturing processes will further enhance the market's prospects and drive its expansion in the coming years. The market is expected to witness a significant increase in demand from emerging economies, further bolstering its growth trajectory.

The global magnesium ingot market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for the base year (2025) are unavailable, a reasonable estimation can be made considering industry trends and reported CAGRs. Assuming a conservative CAGR of 6% and extrapolating from available data points, the market size in 2025 could be estimated at $5 billion. This growth is primarily fueled by the expanding automotive manufacturing industry, where magnesium's lightweight properties are crucial for improving fuel efficiency and reducing vehicle emissions. The aerospace and military sectors also contribute significantly, demanding high-purity magnesium ingots for structural components and lightweight applications. The chemical industry's usage of magnesium in various processes further strengthens market demand. Segment-wise, the 99.9% purity and above segment likely dominates due to the stringent quality requirements of major application areas. However, the market faces challenges. Fluctuations in raw material prices, particularly magnesium ore, and potential supply chain disruptions pose significant restraints. Moreover, the environmental impact of magnesium production, including energy consumption and emissions, is a growing concern leading to increasing regulatory scrutiny and driving the need for sustainable production methods. Despite these restraints, the long-term outlook for the magnesium ingot market remains positive, with projected growth continuing through 2033 driven by technological advancements and increasing applications in emerging sectors. Continued innovation in magnesium alloys and processing techniques will be key to overcoming challenges and maintaining a robust growth trajectory. The geographic spread shows a diversified market with significant contributions expected from regions like Asia-Pacific and North America, reflecting the concentration of major manufacturing hubs and end-use industries.

Get key insights from Market Research Intellect's Magnesium Ingot Sales Market Report, valued at USD 5.2 billion in 2024, and forecast to grow to USD 7.8 billion by 2033, with a CAGR of 5.2% (2026-2033).

5823 Global import shipment records of Magnesium Ingot with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

22960 Global import shipment records of Magnesium Ingot with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Metal Magnesium Market Outlook

The global metal magnesium market size was valued at approximately USD 4.2 billion in 2023 and is projected to reach around USD 7.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period. This growth is driven primarily by the increasing demand for lightweight materials in various industries, particularly in the automotive and aerospace sectors, which seek to enhance fuel efficiency and reduce emissions.

One of the primary growth drivers of the metal magnesium market is its rising application in the automotive industry. As governments worldwide implement stringent emission regulations, automakers are increasingly turning to lightweight materials like magnesium alloys to meet fuel efficiency standards. MagnesiumÂ’s high strength-to-weight ratio makes it an ideal substitute for traditional steel and aluminum, thereby playing a crucial role in reducing the overall weight of vehicles. This shift is expected to significantly propel the demand for metal magnesium over the coming years.

Another significant driver is the growing use of magnesium in the aerospace industry. The aerospace sector continuously seeks performance improvements, and using magnesium alloys is one way to achieve this. These alloys offer excellent mechanical properties, corrosion resistance, and reduced weight, making them suitable for various aerospace applications, including aircraft frames and engine components. The increase in air travel and the production of new aircraft models further amplify the demand for magnesium.

The electronics industry also contributes to the growth of the metal magnesium market. Magnesium alloys are increasingly used in the production of electronic devices due to their excellent electromagnetic shielding properties, light weight, and durability. These properties make them suitable for manufacturing components such as laptop frames, mobile phone casings, and other consumer electronics. As the demand for portable and compact electronic devices continues to rise, so does the requirement for magnesium alloys.

The sourcing of Magnesium Raw Materials is a critical aspect of the metal magnesium market. These raw materials are primarily derived from natural sources such as dolomite and magnesite, which are abundant in certain regions of the world. The extraction and processing of these raw materials require specialized techniques to ensure high purity and quality, which are essential for producing magnesium alloys. The availability and cost of magnesium raw materials can significantly impact the production costs and pricing of magnesium products. As the demand for magnesium continues to rise, the industry is exploring more sustainable and efficient methods of sourcing and processing these raw materials to meet the growing needs of various sectors.

Regionally, Asia Pacific holds the largest share in the metal magnesium market, driven by the rapid industrialization and urbanization in countries like China and India. The presence of major automotive and electronics manufacturing hubs in this region further bolsters the demand for magnesium. North America and Europe also contribute significantly to the market revenue, particularly due to the robust aerospace and automotive industries. Additionally, the Middle East & Africa, and Latin America are emerging markets, showing promising growth due to ongoing infrastructure development projects and increasing industrial activities.

Form Analysis

The metal magnesium market by form includes segments such as ingot, powder, granules, and others. The ingot form holds the largest market share due to its widespread applications across various industries. Magnesium ingots are primarily used in the production of alloys, which are then utilized in automotive and aerospace components. The ease of handling and melting of ingots makes them a preferred choice for manufacturers. The demand for ingots is expected to continue growing, driven by the increasing production of lightweight alloys.

Magnesium powder is another significant segment, finding extensive use in the pyrotechnics industry and as a reducing agent in the production of titanium. Its fine particle size and high reactivity make it suitable for these applications. Additionally, magnesium powder is used in the manufacturing of brake linings, fertilizers, and various chemical processes. The growing demand for fireworks and titanium production i

Report of Magnesium Alloy Ingot Market is currently supplying a comprehensive analysis of many things which are liable for economy growth and factors which could play an important part in the increase of the marketplace in the prediction period. The record of Magnesium Alloy Ingot Industry is providing the thorough study on the grounds of market revenue discuss production and price happened. The report also provides the overview of the segmentation on the basis of area, contemplating the particulars of earnings and sales pertaining to marketplace.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

191 Global export shipment records of Magnesium Ingot with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The global aluminum alloy round ingot market is experiencing robust growth, driven by increasing demand from key sectors like automotive manufacturing, aerospace, and construction. While precise market size figures for 2025 aren't provided, a reasonable estimate, considering typical market sizes for similar materials and growth rates in related industries, would place it in the range of $15 billion to $20 billion. This market is projected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 5-7% from 2025 to 2033, fueled by several factors. Lightweighting initiatives in automotive and aerospace are significantly boosting demand for aluminum alloys due to their superior strength-to-weight ratio. Furthermore, the growing construction sector, especially in developing economies, is a key driver, with aluminum alloys increasingly used in building materials. The rise of electric vehicles (EVs) further accelerates this growth, as aluminum's conductivity and lightweight properties make it ideal for EV components. However, several restraints exist. Fluctuations in aluminum prices, primarily influenced by energy costs and global supply chain dynamics, pose a significant challenge. Moreover, competition from alternative materials like steel and plastics, especially in cost-sensitive applications, limits market expansion. The segmentation of the market reveals strong performance across various alloy types (pure aluminum ingot, aluminum silicon, aluminum magnesium, and aluminum copper alloys), with each finding application in specific industries. Geographically, North America and Asia Pacific (particularly China) currently represent significant market shares, but growth is anticipated across various regions, driven by infrastructure development and industrialization. Major players like Chalco, Alcoa, and RUSAL are shaping the market landscape through technological advancements and strategic partnerships. The overall outlook for the aluminum alloy round ingot market remains positive, indicating substantial growth opportunities in the coming years.

238 Global import shipment records of Magnesium Alloy Ingots with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.