Abstract: A casting alloy of the AlMgSi type comprises Magnesium 3.0 to 7.0 wt. % Silicon 1.7 to 3.0 wt. % Manganese 0.2 to 0.48 wt. % Iron 0.15 to 0.35 wt. % Titanium as desired max. 0.2 wt. % Ni 0.1 to 0.4 wt % and aluminum as the rest along with production related impurities, individually at most 0.02 wt. %, in total at most 0.2 wt. %, with the further provision that the magnesium and silicon are present in the alloy in a Mg:Si weight ratio of 1.7:1, corresponding to the composition of the quasi binary eutectic made up of the solid state phases Al and Mg2Si, whereby the deviation from the exact composition of the quasi-binary eutectic amounts to at most −0.5 to +0.3 wt. % for magnesium and −0.3 to +0.5 wt. % for silicon the finely dispersed precipitates of the intermetallic phase Mg2Si results in high ductility.