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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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