Commodity ratio · live
Magnesium to Rhodium Ratio
The magnesium to rhodium ratio is 1.920 — Magnesium at $16,900.00 per Metric Ton divided by Rhodium at $8,800.00 per Troy Ounce.
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 Rhodium ratio
1.000 T of magnesium = 1.920 T.oz of rhodium
Inverse (XRH/MG): 0.5207 — one Troy Ounce of rhodium buys that much magnesium.
Close to the middle of its 1 year range. (44th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Rhodium
$8,800.00
per Troy Ounce
Unit basis: CNY per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of rhodium per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 12:11:51 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
1.985
median 2.024
1Y low
1.420
Feb 25, 2026
1Y high
2.577
Aug 24, 2025
Normal band
1.699–2.271
mean ± 1 std dev
Deviation from mean
-0.23σ
358 observations
Magnesium to Rhodium ratio charts
Pick a range once — it applies to the MG/XRH ratio line, the OHLC candles and the Magnesium / Rhodium price chart below.
MG/XRH ratio line
How many T.oz of Rhodium one T of Magnesium buys, over 1Y.
MG/XRH ratio candles
Open, high, low and close of the MG/XRH ratio for each period in the last 1Y.
Magnesium and Rhodium 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 rhodium ratio
Magnesium to Rhodium ratio = Magnesium price per Metric Ton ÷ Rhodium price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of rhodium per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $8,800.00 = 1.920. The inverse is 0.5207.
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 rhodium ratio today?
The magnesium to rhodium ratio is 1.920 — Magnesium at $16,900.00 per Metric Ton divided by Rhodium at $8,800.00 per Troy Ounce, from live mid-market prices.
How do you calculate the magnesium to rhodium ratio?
Divide the magnesium price per Metric Ton by the rhodium price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of rhodium per Metric Ton of magnesium.
What is the inverse of the magnesium to rhodium ratio?
The inverse, rhodium to magnesium, is 0.5207 — how many Metric Tons of magnesium one Troy Ounce of rhodium buys.