Base Metals Price Outlook Economic Forecast

Base Metals Price Outlook

Base metal prices edge up in May

Base metals rose 1.6% on a monthly basis in May, following April’s 5.1% drop and marking the strongest increase in over a year following three consecutive months of decline.

An improving demand backdrop allowed the prices of most base metals to regain some lost ground in May, after major industrialized economies—including the EU and U.S.—began gradually lifting lockdown restrictions and as industrial activity in China continued to rebound. Higher prices for iron ore led the overall increase, to a large extent owing to rising supply concerns in Brazil. In contrast, prices for molybdenum and steel slumped in May, softening the upturn.

For report pricing and subscription information, contact us.

 

Base Metals Historical Price Data

2015  2016  2017  2018  2019  
Aluminium1663.69  1604.6  1968.4  2107.64  1794.37  
Alumina377.2  310.14  348.34292307692  472.02134615385  333.93521072797  
Copper5508.57  4871.3  6171.78  6527.31  6008.57  
Nickel11835.3  9596.5  10414.13  13110.42  13917.88  
Lead1787.3  1866.99  2313.17  2239.45  1996.65  
Zinc1929.03  2092.83  2890.89  2920.33  2548.76  
Tin16053.44  17960.96  20068.1  20134.02  18633.23  
Iron Ore55.82  58.61  71.77  69.67  93.88  
Steel (USA)461.14  519.95  619.92  828.46  603.52  
Steel (Europe)422.10344827586  455.12260536398  601.75  649.11877394636  530.27969348659  
Molybdenum17019.775568244  14131.704843581  17659.119469124  26381.87  25693.62  
Cobalt28440.24  25490.73  55850.9  72920.08  33296.91  

Note:
Aluminium 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

Request a 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