Magnesium fell to 17,300 CNY/T on July 14, 2025, down 0.29% from the previous day. Over the past month, Magnesium's price has remained flat, but it is still 7.49% 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.

In 2024, the Kenyan magnesium market decreased by -2.7% to $20K for the first time since 2020, thus ending a three-year rising trend. Overall, consumption recorded a abrupt slump. Magnesium consumption peaked at $44K in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

In 2024, the global magnesium market decreased by -19.4% to $3.3B, falling for the second consecutive year after two years of growth. In general, consumption, however, recorded a modest increase. Over the period under review, the global market hit record highs at $6.2B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

During the first quarter of 2025, the Magnesium Chloride market in North America experienced fluctuating demand dynamics, primarily driven by the seasonal influence of winter and the gradual return of construction activity. In USA, January recorded price growth due to sustained de-icing needs and consistent demand from industrial consumers. However, by February, prices declined by approximately 3.5%, as buyers reduced procurement amid ample inventories and weaker-than-expected winter weather across key regions. Construction activities also remained subdued, delaying Magnesium Chloride consumption.

As per Cognitive Market Research's latest published report, the Global Automotive Parts Magnesium Die Casting market size was $12.41 Billion in 2022. Automotive Parts Magnesium Die Casting Industry's Compound Annual Growth Rate will be 6.5% from 2023 to 2030. Market Dynamics for the Automotive Parts Magnesium Die Casting Market

Key Driver for the Automotive Parts Magnesium Die Casting Market

Swelling car sales across the globe drives the growth of Driving Automotive Parts Magnesium Die Casting Market

The need for vehicles has increased as the population has grown. Almost every family in the world owns at least one vehicle. People rely on automobiles as a need is drastically increasing. People use automobiles to commute to work, visit another state, go on vacation, and do daily errands. Vehicles, in reality, are the most extensively utilized equipment for transportation and other basic everyday necessities.

According to the study, global car sales increased to roughly 66.7 million vehicles in 2021, up from around 63.8 million units in 2020. Almost half of the worldwide customers (46 percent) are thinking about buying a car in the next 12 months, up from 35% in April 2020.

Moreover, due to COVID-19, several people prefer personal vehicles and avoid carpooling, public transport, and ridesharing in order to eliminate the risk of catching a contagious disease while traveling. Survey results have stated that more than 60% of respondents have stated that they prefer a personal vehicle more after COVID-19 Pandemic. Magnesium dies casting is lighter in weight, comparatively less expensive, and possesses excellent stiffness & strength-to-weight ratios and EMI & RFI shielding properties and has good castability. Magnesium is 75% lighter than steel, and 33% lighter than aluminium. Thus, magnesium dies casting are increasingly used for application where lightweight components are required.

In the automotive industry, manufacturers focus on employing lighter parts and components to create lighter vehicles, as lighter vehicles require less power/fuel to operate. Thus, several automotive industries use magnesium die castings as body components for automobiles.

Key Restraints for the Automotive Parts Magnesium Die Casting Market

High cost of magnesium die casting may hamper the growth of the Automotive Parts Magnesium Die Casting market

Magnesium die casting is generally more expensive than aluminum die casting. This is due to a combination of factors, including higher raw material costs and more complex post-production processes. The higher cost of magnesium can be a barrier to its wider adoption in some applications, particularly in cost-sensitive markets. Magnesium raw materials are more expensive than aluminum, contributing to the overall cost of magnesium die casting. Magnesium parts often require more extensive post-production treatments compared to aluminum, further increasing the overall cost. While magnesium die casting offers benefits like lightweighting and complex geometries, its production processes can be more energy-intensive and require specialized equipment, contributing to higher costs. The higher cost of magnesium compared to aluminum can be a barrier to wider adoption, especially in cost-sensitive industries like automotive.

Opportunity for the Automotive Parts Magnesium Die Casting Market

Technological advancements will propel the growth of the Automotive Parts Magnesium Die Casting market

Technological advancements in die casting and materials science are significantly improving the performance and cost-effectiveness of magnesium die-cast components, particularly in the automotive industry. These innovations include automation, the use of nanomaterials, and AI-powered process optimization, leading to lighter, stronger, and more efficiently produced parts. The increased use of magnesium die-cast components in automotive applications is driven by the need for lightweight vehicles and enhanced vehicle performance. Fully automated die-casting cells, including robots, are increasing efficiency by handling tasks from raw material feeding to finishing, reducing manual labor and human error, leading to higher quality and lower costs. Using nanomaterials in die-casting can improve material properties like strength and durability, resulting in lighter yet stronger components. For insta...

The Angolan magnesium market expanded rapidly to $31K in 2024, growing by 7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a perceptible decline. Magnesium consumption peaked at $67K in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.

The Ghanian magnesium market skyrocketed to $18K in 2024, jumping by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a moderate increase. As a result, consumption attained the peak level of $200K. From 2020 to 2024, the growth of the market remained at a lower figure.

Manganese traded flat at 29.45 CNY/mtu on July 11, 2025. Over the past month, Manganese's price has risen 0.34%, but it is still 16.45% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Manganese Ore - values, historical data, forecasts and news - updated on July of 2025.

The Polish magnesium hydroxide and peroxide market was finally on the rise to reach $636K in 2024, after three years of decline. Overall, consumption, however, faced a abrupt shrinkage. Magnesium hydroxide and peroxide consumption peaked at $6.1M in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

The Middle Eastern magnesium hydroxide and peroxide market dropped to $54M in 2024, declining by -1.9% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $64M in 2019; however, from 2020 to 2024, consumption remained at a lower figure.

In 2023, overseas purchases of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 1,789% to 1.2K tons for the first time since 2020, thus ending a two-year declining trend.

In 2023, supplies from abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium was finally on the rise to reach 16K tons for the first time since 2020, thus ending a two-year declining trend.

In 2024, the Ukrainian magnesium hydroxide and peroxide market was finally on the rise to reach $677K for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a abrupt slump. Magnesium hydroxide and peroxide consumption peaked at $1.9M in 2019; however, from 2020 to 2024, consumption failed to regain momentum.

Madagascar MG: Petrol End User Price data was reported at 3.180 USD/l in 2021. This records a decrease from the previous number of 3.360 USD/l for 2020. Madagascar MG: Petrol End User Price data is updated yearly, averaging 4.250 USD/l from Dec 2008 (Median) to 2021, with 14 observations. The data reached an all-time high of 5.310 USD/l in 2008 and a record low of 3.180 USD/l in 2021. Madagascar MG: Petrol End User Price data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Madagascar – Table MG.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

In 2024, the Qatari market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers was finally on the rise to reach $42K for the first time since 2020, thus ending a three-year declining trend. Over the period under review, consumption showed a notable expansion. Consumption of peaked at $148K in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.

The global market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers declined modestly to $3.1B in 2024, waning by -4.3% against the previous year. Overall, consumption, however, showed a deep setback. Over the period under review, the global market reached the peak level at $7.4B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

In 2024, the Dutch market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by 283% to $86M, rising for the second consecutive year after three years of decline. Overall, consumption showed a relatively flat trend pattern. Consumption of peaked at $131M in 2019; however, from 2020 to 2024, consumption failed to regain momentum.

The Lithuanian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers shrank rapidly to $223K in 2024, with a decrease of -72.9% against the previous year. In general, consumption, however, enjoyed buoyant growth. As a result, consumption reached the peak level of $1.3M. From 2020 to 2024, the growth of the market remained at a lower figure.

In 2024, after two years of decline, there was significant growth in the Latvian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when its value increased by 305% to $51K. Overall, consumption, however, continues to indicate a slight setback. As a result, consumption reached the peak level of $986K. From 2020 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, the Turkish market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by 25% to $6.5M, rising for the third year in a row after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $7M in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.