Global Uncertainties Drive Up Magnesium Freight Costs, Prices Rise in India and Netherlands

Published: Mar 3, 2026 11:40

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[SMM Magnesium Express] On March 3, heightened global uncertainties triggered volatility in oil prices and shipping capacity, driving a rapid increase in freight costs. According to SMM data, magnesium ingot CIF India rose $60 to $2,540-2,600/mt, while CIF Netherlands edged up $10 to $2,510-2,580/mt. Amid price fluctuations, exporters and downstream buyers adopted a wait-and-see approach, seeking market stabilization. FOB Tianjin Port held steady at $2,450/mt.

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