Magnesium Pricing Update: Week of 9/30/2011

Current Market Price for Mg min 99.8%

FOB China Port* Week 9/26/2011 to 9/30/2011 $3210 per ton
Ex Works Shanxi** Week 9/26/2011 to 9/30/2011 RMB 18,000 per ton

*FOB China Port – Based on ex-work basis, plus inland freight, misc port expenses,

and 10% export tariff.
**Ex Works Shanxi – Includes 17% VAT

Disclaimer: Amounts reflect the average weekly pricing obtained from third party sources and do not reflect IMG’s actual sales prices which may vary.

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