Magnesium Prices Rise in Europe on Aluminum Scrap Substitution

MetalBulletin reported that European magnesium prices rose on Friday on substitution buying due to lack of availability of aluminum scrap.

As quoted in the market news:

Metal Bulletin’s European magnesium price rose to $2,800-2,900 per tonne from $2,700-2,800 previously, returning to the level last traded in June. 

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