Rising Fuel Costs and Shipping Congestion Drive Up International Magnesium Freight Rates

Published: Jun 18, 2026 11:52

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[SMM Magnesium Express]Recently, due to a combination of factors including rising fuel costs driven by geopolitical conflicts and reduced turnover efficiency caused by congestion in major European ports, shipping companies have tightened capacity and raised freight rates, leading to a significant surge in international shipping costs. According to SMM research, since late June, the freight cost for magnesium ingots shipped from Tianjin Port to Rotterdam, Netherlands, has reached approximately $130 per ton, up $20 from the beginning of the month, while the average freight cost for the India route has reached $110 per ton, up $10. SMM will continue to closely monitor freight trends and make timely adjustments.

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