Magnesium prices have dropped below those of aluminum for the first time, driven by rising demand from electric vehicle manufacturers seeking lighter materials to improve efficiency. The shift reflects broader industry efforts to reduce vehicle weight without compromising structural integrity, as automakers prioritize range and performance in battery-powered cars. With magnesium offering superior strength-to-weight ratios, its cost advantage could accelerate adoption in EV production lines. Industry analysts suggest this price shift may signal a long-term realignment in material choices for the automotive sector.
Magnesium prices fall below aluminum as EV makers look to cut weight digitimes
