Commodity ratio · live
Copper Futures to Magnesium Ratio
The copper futures to magnesium ratio is 0.0003899 — Copper Futures at $6.59 per Pound divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:23 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Copper Futures to Magnesium ratio
1.000 Lb of copper futures = 0.0003899 T of magnesium
Inverse (MG/HG-FUT): 2564 — one Metric Ton of magnesium buys that much copper futures.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Copper Futures
$6.59
per Pound
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Pound ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Pound of copper futures. Prices as of Mon, 24 Aug 2026 12:23:42 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0003315
median 0.0003350
1Y low
0.0002388
Aug 24, 2025
1Y high
0.0004012
Aug 6, 2026
Normal band
0.0002966–0.0003664
mean ± 1 std dev
Deviation from mean
+1.67σ
327 observations
Copper Futures to Magnesium ratio charts
Pick a range once — it applies to the HG-FUT/MG ratio line, the OHLC candles and the Copper Futures / Magnesium price chart below.
HG-FUT/MG ratio line
How many T of Magnesium one Lb of Copper Futures buys, over 1Y.
HG-FUT/MG ratio candles
Open, high, low and close of the HG-FUT/MG ratio for each period in the last 1Y.
Copper Futures and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the copper futures to magnesium ratio
Copper Futures to Magnesium ratio = Copper Futures price per Pound ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Pound of copper futures — rather than a plain count.
Worked example, live prices: $6.59 ÷ $16,900.00 = 0.0003899. The inverse is 2564.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the copper futures to magnesium ratio today?
The copper futures to magnesium ratio is 0.0003899 — Copper Futures at $6.59 per Pound divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the copper futures to magnesium ratio?
Divide the copper futures price per Pound by the magnesium price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of magnesium per Pound of copper futures.
What is the inverse of the copper futures to magnesium ratio?
The inverse, magnesium to copper futures, is 2564 — how many Pounds of copper futures one Metric Ton of magnesium buys.