Commodity ratio · live
Magnesium to Iron Ore 62% FE Ratio
The magnesium to iron ore 62% fe ratio is 177.4 — Magnesium at $16,900.00 per Metric Ton divided by Iron Ore 62% FE at $95.28 per Metric Ton.
Prices as of Aug 24, 2026, 11:19 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Iron Ore 62% FE ratio
1.000 T of magnesium = 177.372 T of iron ore 62% fe
Inverse (TIOC/MG): 0.005638 — one Metric Ton of iron ore 62% fe buys that much magnesium.
Near the top of its 1 year range — historically stretched. (91th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Iron Ore 62% FE
$95.28
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore 62% fe per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:19:38 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
166.9
median 167.4
1Y low
149.0
Jul 14, 2026
1Y high
186.0
Aug 26, 2025
Normal band
160.5–173.3
mean ± 1 std dev
Deviation from mean
+1.64σ
202 observations
Magnesium to Iron Ore 62% FE ratio charts
Pick a range once — it applies to the MG/TIOC ratio line, the OHLC candles and the Magnesium / Iron Ore 62% FE price chart below.
MG/TIOC ratio line
How many T of Iron Ore 62% FE one T of Magnesium buys, over 1Y.
MG/TIOC ratio candles
Open, high, low and close of the MG/TIOC ratio for each period in the last 1Y.
Magnesium and Iron Ore 62% FE 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 iron ore 62% fe ratio
Magnesium to Iron Ore 62% FE ratio = Magnesium price per Metric Ton ÷ Iron Ore 62% FE price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore 62% fe per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $95.28 = 177.4. The inverse is 0.005638.
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 iron ore 62% fe ratio today?
The magnesium to iron ore 62% fe ratio is 177.4 — Magnesium at $16,900.00 per Metric Ton divided by Iron Ore 62% FE at $95.28 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to iron ore 62% fe ratio?
Divide the magnesium price per Metric Ton by the iron ore 62% fe 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 iron ore 62% fe per Metric Ton of magnesium.
What is the inverse of the magnesium to iron ore 62% fe ratio?
The inverse, iron ore 62% fe to magnesium, is 0.005638 — how many Metric Tons of magnesium one Metric Ton of iron ore 62% fe buys.