Commodity ratio · live
Palladium to Magnesium Ratio
The palladium to magnesium ratio is 0.08007 — Palladium at $1,353.10 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Palladium to Magnesium ratio
1.000 T.oz of palladium = 0.08007 T of magnesium
Inverse (MG/PA): 12.49 — one Metric Ton of magnesium buys that much palladium.
Close to the middle of its 1 year range. (40th percentile of the last 1 year)
Palladium
$1,353.10
per Troy Ounce
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Troy Ounce ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Troy Ounce of palladium. Prices as of Mon, 24 Aug 2026 10:24:31 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.08363
median 0.08172
1Y low
0.05842
Aug 27, 2025
1Y high
0.1258
Jan 26, 2026
Normal band
0.07146–0.09579
mean ± 1 std dev
Deviation from mean
-0.29σ
307 observations
Palladium to Magnesium ratio charts
Pick a range once — it applies to the PA/MG ratio line, the OHLC candles and the Palladium / Magnesium price chart below.
PA/MG ratio line
How many T of Magnesium one T.oz of Palladium buys, over 1Y.
PA/MG ratio candles
Open, high, low and close of the PA/MG ratio for each period in the last 1Y.
Palladium and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the palladium to magnesium ratio
Palladium to Magnesium ratio = Palladium price per Troy Ounce ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Troy Ounce of palladium — rather than a plain count.
Worked example, live prices: $1,353.10 ÷ $16,900.00 = 0.08007. The inverse is 12.49.
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 palladium to magnesium ratio today?
The palladium to magnesium ratio is 0.08007 — Palladium at $1,353.10 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the palladium to magnesium ratio?
Divide the palladium price per Troy Ounce by the magnesium 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 magnesium per Troy Ounce of palladium.
What is the inverse of the palladium to magnesium ratio?
The inverse, magnesium to palladium, is 12.49 — how many Troy Ounces of palladium one Metric Ton of magnesium buys.