Base Metals Price Outlook Economic Forecast

Base Metals Price Outlook

Forecasts revised up amid rising global demand

Our analysts upgraded their forecasts slightly for base metals this month after cutting their projections last month. The FocusEconomics base metals price index is seen averaging 64.7 in Q4, which represents a 3.7% increase from Q4 2016, before rising slightly to 65.7 in Q4 2018. 

This month, our analysts upgraded their price forecasts for Q4 2017 for nine metals, including aluminium, copper, lead and iron ore. Lead saw a particularly notable upgrade as recent data showed a widening deficit in the global market for lead. On the other hand, price forecasts were cut for nickel and tin.    

For report pricing and subscription information, contact us.

Base Metals Historical Price Data

2012  2013  2014  2015  2016  
Aluminium2020.88  1845.86  1867.48  1663.69  1604.6  
Aluminium Alloy1935.97  1797.84  1950.43  1720.53  1553.26  
Alumina433.69  426.39  421.3  387.42  320.71  
Copper7954.23  7330.44  6863.26  5508.57  4871.3  
Nickel17522.38  15022.53  16897.92  11834.73  9596.5  
Lead2062.45  2139.23  2095  1787.3  1866.99  
Zinc1948.16  1910.09  2162.01  1929.03  2092.83  
Tin21099.76  22272.66  21878.75  16053.44  17960.96  
Iron Ore131.83  136.58  97.34  55.82  58.61  
Steel (USA)656.57  630.49  657.79  462.25  517.96  
Steel (Europe)659.47  614.28  568.37  420.18  439.66  

Note:
Aluminium prices in USD per metric ton (mt).
Alluminum Alloy prices in USD per metric ton (mt).
Alumina prices in USD per metric ton (mt).
Copper prices in USD per metric ton (mt).
Nickel prices in USD per metric ton (mt).
Lead prices in USD per metric ton (mt).
Zinc prices in USD per metric ton (mt).
Tin prices in USD per metric ton (mt).
Iron ore prices in USD per metric ton (mt).
Steel (USA) prices in USD per metric ton (mt).
Steel (Europe) prices in USD per metric ton (mt).
All prices are average of period (aop).

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Search form