The price of magnesium in the United States as of October 27 is about $4,630 per metric ton, or $2.10 per pound.31 Oct 2011
Where can you find raw magnesium?
Ores and raw materials The eighth most abundant element in nature, magnesium constitutes 2.4 percent of Earth's crust. Because of its strong reactivity, it does not occur in the native state, but rather it is found in a wide variety of compounds in seawater, brines, and rocks.
Is magnesium more expensive than aluminum?
Magnesium is the lightest of all alloys used for casting. Despite its advantages, magnesium is still not as stable as aluminum. It bends easier under stress. And it's more expensive than aluminum.15 Feb 2019
Is magnesium a rare metal?
Magnesium is the eighth most abundant element in the Earth's crust and the fourth most common element in the Earth (after iron, oxygen and silicon), making up 13% of the planet's mass and a large fraction of the planet's mantle. It is the third most abundant element dissolved in seawater, after sodium and chlorine.
Is magnesium alloy expensive?
Although magnesium is about twice as expensive as aluminium, its hot-chamber die-casting process is easier, more economical, and 40% to 50% faster than cold-chamber process required for aluminium.
How much does it cost to make magnesium?
in southwest Quebec is commercializing a game-changing patented magnesium production technology promising to provide primary magnesium at a cost equivalent to or lower than aluminum. They are projecting magnesium production costs of $1400 to $2400/metric ton ($. 64/lb or $1.09/lb).5 Dec 2017