Base Metals Price Outlook
Base metal price growth picks up to over eight-year high in December
Prices for base metals jumped 8.3% on a monthly basis in December, accelerating from November’s 6.4% rise. The increase marked the eighth consecutive month of rising prices and the strongest pace of growth since September 2012.
Base metal prices skyrocketed in December, as strong industrial activity data from China and a healthy global manufacturing PMI report suggested that the global economic recovery remains intact. Despite tighter restrictions in Europe and the U.S., the manufacturing and industrial sectors continued to gain momentum, boding well for iron ore, steel and copper demand and boosting prices in turn. Furthermore, ongoing supply chain disruptions—particularly in South America due to the recent civil unrest in Peru and a landslide in Brazil—should have raised production concerns, supporting prices further.
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Base Metals Historical Price Data
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).
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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