An aluminium, magnesium and silicon-based die casting alloy having 5.0-7.0 wt. % magnesium, 1.5-7.0 wt. % silicon, 0.3-0.8 wt. % manganese, 0.03-0.5 wt. % iron, 0.01-0.4 wt. % molybdenum, 0.01-0.3 wt. % zirconium, 0-0.25 wt. % titanium, 0-0.25 wt. % strontium, 0-250 ppm phosphorus, 0-4 wt. % copper and 1-10 wt. % zinc, the remainder being aluminium and inevitable impurities.