Commodity ratio · live
Magnesium to Zinc Ratio
The magnesium to zinc ratio is 4.398 — Magnesium at $16,900.00 per Metric Ton divided by Zinc at $3,842.40 per Metric Ton.
Prices as of Aug 24, 2026, 10:25 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Zinc ratio
1.000 T of magnesium = 4.398 T of zinc
Inverse (ZINC/MG): 0.2274 — one Metric Ton of zinc buys that much magnesium.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Zinc
$3,842.40
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of zinc per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 10:25:53 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
5.344
median 5.343
1Y low
4.375
Aug 21, 2026
1Y high
6.634
Aug 24, 2025
Normal band
4.878–5.810
mean ± 1 std dev
Deviation from mean
-2.03σ
356 observations
Magnesium to Zinc ratio charts
Pick a range once — it applies to the MG/ZINC ratio line, the OHLC candles and the Magnesium / Zinc price chart below.
MG/ZINC ratio line
How many T of Zinc one T of Magnesium buys, over 1Y.
MG/ZINC ratio candles
Open, high, low and close of the MG/ZINC ratio for each period in the last 1Y.
Magnesium and Zinc 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 zinc ratio
Magnesium to Zinc ratio = Magnesium price per Metric Ton ÷ Zinc price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of zinc per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $3,842.40 = 4.398. The inverse is 0.2274.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the magnesium to zinc ratio today?
The magnesium to zinc ratio is 4.398 — Magnesium at $16,900.00 per Metric Ton divided by Zinc at $3,842.40 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to zinc ratio?
Divide the magnesium price per Metric Ton by the zinc 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 zinc per Metric Ton of magnesium.
What is the inverse of the magnesium to zinc ratio?
The inverse, zinc to magnesium, is 0.2274 — how many Metric Tons of magnesium one Metric Ton of zinc buys.