Commodity ratio · live
Magnesium to Copper Futures Ratio
The magnesium to copper futures ratio is 2564 — Magnesium at $16,900.00 per Metric Ton divided by Copper Futures at $6.59 per Pound.
Prices as of Aug 24, 2026, 12:23 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Copper Futures ratio
1.000 T of magnesium = 2,564.5 Lb of copper futures
Inverse (HG-FUT/MG): 0.0003899 — one Pound of copper futures buys that much magnesium.
Near the bottom of its 1 year range — historically compressed. (2th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Copper Futures
$6.59
per Pound
Unit basis: CNY per Metric Ton ÷ USD per Pound. The ratio reads as Pounds of copper futures per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 12:23:42 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
3052
median 2985
1Y low
2493
Aug 6, 2026
1Y high
4188
Aug 24, 2025
Normal band
2713–3390
mean ± 1 std dev
Deviation from mean
-1.44σ
327 observations
Magnesium to Copper Futures ratio charts
Pick a range once — it applies to the MG/HG-FUT ratio line, the OHLC candles and the Magnesium / Copper Futures price chart below.
MG/HG-FUT ratio line
How many Lb of Copper Futures one T of Magnesium buys, over 1Y.
MG/HG-FUT ratio candles
Open, high, low and close of the MG/HG-FUT ratio for each period in the last 1Y.
Magnesium and Copper Futures 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 copper futures ratio
Magnesium to Copper Futures ratio = Magnesium price per Metric Ton ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $6.59 = 2564. The inverse is 0.0003899.
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 copper futures ratio today?
The magnesium to copper futures ratio is 2564 — Magnesium at $16,900.00 per Metric Ton divided by Copper Futures at $6.59 per Pound, from live mid-market prices.
How do you calculate the magnesium to copper futures ratio?
Divide the magnesium price per Metric Ton by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Metric Ton of magnesium.
What is the inverse of the magnesium to copper futures ratio?
The inverse, copper futures to magnesium, is 0.0003899 — how many Metric Tons of magnesium one Pound of copper futures buys.