Commodity ratio · live
Magnesium to Lamb Ratio
The magnesium to lamb ratio is 24.98 — Magnesium at $16,900.00 per Metric Ton divided by Lamb at $676.41 per Kilogram.
Prices as of Aug 24, 2026, 11:18 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Lamb ratio
1.000 T of magnesium = 24.985 kg of lamb
Inverse (LAMB/MG): 0.04002 — one Kilogram of lamb buys that much magnesium.
Below its 1 year average. (23th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Lamb
$676.41
per Kilogram
Unit basis: CNY per Metric Ton ÷ USD per Kilogram. The ratio reads as Kilograms of lamb per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:18:11 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
25.02
median 25.02
1Y low
24.79
Aug 7, 2026
1Y high
25.26
Aug 5, 2026
Normal band
24.97–25.07
mean ± 1 std dev
Deviation from mean
-0.77σ
13 observations
Magnesium to Lamb ratio charts
Pick a range once — it applies to the MG/LAMB ratio line, the OHLC candles and the Magnesium / Lamb price chart below.
MG/LAMB ratio line
How many kg of Lamb one T of Magnesium buys, over 1Y.
MG/LAMB ratio candles
Open, high, low and close of the MG/LAMB ratio for each period in the last 1Y.
Magnesium and Lamb 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 lamb ratio
Magnesium to Lamb ratio = Magnesium price per Metric Ton ÷ Lamb price per Kilogram
The two legs use different units, so the result is a rate — Kilograms of lamb per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $676.41 = 24.98. The inverse is 0.04002.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the magnesium to lamb ratio today?
The magnesium to lamb ratio is 24.98 — Magnesium at $16,900.00 per Metric Ton divided by Lamb at $676.41 per Kilogram, from live mid-market prices.
How do you calculate the magnesium to lamb ratio?
Divide the magnesium price per Metric Ton by the lamb price per Kilogram. If the two units differ, the result is a rate rather than a plain count — read it as Kilograms of lamb per Metric Ton of magnesium.
What is the inverse of the magnesium to lamb ratio?
The inverse, lamb to magnesium, is 0.04002 — how many Metric Tons of magnesium one Kilogram of lamb buys.