Commodity ratio · live
Rhodium to Magnesium Ratio
The rhodium to magnesium ratio is 0.5207 — Rhodium at $8,800.00 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:11 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Rhodium to Magnesium ratio
1.000 T.oz of rhodium = 0.5207 T of magnesium
Inverse (MG/XRH): 1.920 — one Metric Ton of magnesium buys that much rhodium.
Close to the middle of its 1 year range. (59th percentile of the last 1 year)
Rhodium
$8,800.00
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 rhodium. Prices as of Mon, 24 Aug 2026 12:11:54 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
0.5144
median 0.4940
1Y low
0.3880
Aug 24, 2025
1Y high
0.7040
Feb 25, 2026
Normal band
0.4399–0.5889
mean ± 1 std dev
Deviation from mean
+0.08σ
358 observations
Rhodium to Magnesium ratio charts
Pick a range once — it applies to the XRH/MG ratio line, the OHLC candles and the Rhodium / Magnesium price chart below.
XRH/MG ratio line
How many T of Magnesium one T.oz of Rhodium buys, over 1Y.
XRH/MG ratio candles
Open, high, low and close of the XRH/MG ratio for each period in the last 1Y.
Rhodium 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 rhodium to magnesium ratio
Rhodium to Magnesium ratio = Rhodium 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 rhodium — rather than a plain count.
Worked example, live prices: $8,800.00 ÷ $16,900.00 = 0.5207. The inverse is 1.920.
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 rhodium to magnesium ratio today?
The rhodium to magnesium ratio is 0.5207 — Rhodium at $8,800.00 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the rhodium to magnesium ratio?
Divide the rhodium 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 rhodium.
What is the inverse of the rhodium to magnesium ratio?
The inverse, magnesium to rhodium, is 1.920 — how many Troy Ounces of rhodium one Metric Ton of magnesium buys.