(Adds comment, details, background) LONDON, June 23 (Reuters) - Magnesium prices in Europe have dropped almost 10 percent, or $150 a tonne, in the past few 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 was last that low in early 2003. "The market has been looking soggy in the ...
Premium Content (PAID Subscription Required)
"Update 1-Magnesium prices off 10 pct, $150/T, on slack trade" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.