Magnesium prices fall below aluminum as EV makers look to cut weight

Magnesium ingots are now cheaper than aluminum ingots, giving automakers another reason to adopt magnesium alloys to cut EV weight and extend driving range, according to Digitimes.

• Magnesium ingots are now cheaper than aluminum ingots
• Magnesium alloys reduce EV weight and extend driving range
• Automakers seek lighter EVs to boost range