Commodity ratio · live
Magnesium to Cobalt Ratio
The magnesium to cobalt ratio is 0.3002 — Magnesium at $16,900.00 per Metric Ton divided by Cobalt at $56,290.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:11 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Cobalt ratio
1.000 T of magnesium = 0.3002 T of cobalt
Inverse (COB/MG): 3.331 — one Metric Ton of cobalt buys that much magnesium.
Below its 1 year average. (14th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Cobalt
$56,290.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 12:11:23 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.3464
median 0.3144
1Y low
0.2931
Jul 19, 2026
1Y high
0.5520
Aug 25, 2025
Normal band
0.2749–0.4180
mean ± 1 std dev
Deviation from mean
-0.65σ
358 observations
Magnesium to Cobalt ratio charts
Pick a range once — it applies to the MG/COB ratio line, the OHLC candles and the Magnesium / Cobalt price chart below.
MG/COB ratio line
How many T of Cobalt one T of Magnesium buys, over 1Y.
MG/COB ratio candles
Open, high, low and close of the MG/COB ratio for each period in the last 1Y.
Magnesium and Cobalt prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the magnesium to cobalt ratio
Magnesium to Cobalt ratio = Magnesium price per Metric Ton ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $56,290.00 = 0.3002. The inverse is 3.331.
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 magnesium to cobalt ratio today?
The magnesium to cobalt ratio is 0.3002 — Magnesium at $16,900.00 per Metric Ton divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to cobalt ratio?
Divide the magnesium price per Metric Ton by the cobalt 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 cobalt per Metric Ton of magnesium.
What is the inverse of the magnesium to cobalt ratio?
The inverse, cobalt to magnesium, is 3.331 — how many Metric Tons of magnesium one Metric Ton of cobalt buys.