Magnesium prices off 10 pct, $150/T, on slack trade

Newswire

LONDON, June 23 (Reuters) - Magnesium prices in Europe have dropped almost 10 percent, or $150 a tonne, in recent weeks as the market's key consumers in the car industry opted to buy less and draw down stocks, dealers said. Prices for primary metal, mostly used as an alloy with aluminium in the auto and beverage can industries, are around $1,520-570 a tonne. "The market has been looking soggy in the past month on weaker buying from the car industry, despite Chinese producers trying to ...

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