Metalprices | Daily overview
All metal prices listed in a clear table, updated daily.
Status 29.11.2023 | Source: Thomson Reuters
Status 29.11.2023 | Source: Sundwiger-MW Published price
All current metal prices per kilogram of metal in euros
Metal price of copper
The metal price of copper is influenced by supply and demand, economic conditions, global events and currency fluctuations. Copper is a key metal in industry and construction, with world market trade, stock levels, technological advances and general economic health influencing the price of copper. It is important to note that these factors are subject to constant fluctuation, which is why the price of copper is dynamic. The price quoted is for grade A copper that is at least 99.9935 percent pure.
Metal price of tin
Tin prices are also influenced by supply and demand, economic indicators, world market prices, currency influences, technological developments and stock levels. As with other metals, the price of tin reflects general economic health. The price quoted refers to high-quality tin of at least 99.85 percent purity.
Metal price of lead
Lead is used in batteries, construction and other industries. World market prices, currency influences and technological developments affect the price of lead. The average price for a tonne of lead is for at least 99.97 percent purity on the London Metal Exchange (LME).
Metal price of zinc
The price of zinc is variable and is subject to influences such as supply and demand, economic conditions and global events. Zinc is mainly used in the construction industry, automotive production and battery manufacturing. World market prices, currency fluctuations and technological developments influence the price of zinc. One tonne of grade A zinc is traded on the London Metal Exchange (LME) with a purity of at least 99.95 percent.
Metal price of nickel
Nickel is used extensively in stainless steel production, electric vehicles and batteries. Global market prices, currency influences and technological advances also have a fundamental impact on the price of nickel. The average price for a tonne of nickel always applies to at least 99.8 percent purity on the London Metal Exchange (LME).
Metal price of aluminum
The price of aluminum is volatile and subject to constant fluctuations. Aluminum is widely used in the construction industry, packaging and means of transport. Global market prices, currency fluctuations and technological developments all have an influence on the price of aluminum. The average price for a tonne of aluminum is for a purity of 99.7 percent on the London Metal Exchange (LME).
Metal price of brass
The price of brass depends on various factors, including the price of copper and the price of zinc. Copper and zinc are fundamental components of brass and therefore also influence its price.
Metal price of steel
Steel, as an essential building material in various branches of industry, is affected by fluctuations in the metal price. As a basic building block for the construction, transport and manufacturing industries, the price of steel reacts to global market trends, currency fluctuations and technological advances. The steel price is quoted per tonne of hot-rolled steel and per tonne for heavy steel beams and heavy plate. The prices are based on short-term contracts on the London Metal Exchange (LME).
Metal price of iron
The price of iron depends on various factors, such as production costs and geopolitical events. The price of iron also depends heavily on the price of scrap, which is determined by supply and demand on the scrap market.
Metal price trends in recent years
In principle, metal prices vary considerably as they are influenced by a variety of factors. It is also important to note that different metals follow different trends. Many metal prices have fluctuated significantly in recent years due to the impact of COVID-19 and concerns about economic recovery. Some metals have since recovered well, while others are still suffering from the effects of the pandemic.
In general, many metal prices have increased over the last few years. For example, the prices of gold and silver have increased in recent years, mainly due to rising demand and uncertainty on the global financial markets.
The prices of industrial metals such as copper, aluminum and zinc have also increased. The main reason for this is rising demand, particularly from China and India, as well as the expansion of infrastructure and electromobility worldwide.
In principle, metal prices are linked to many aspects, including current economic trends, political decisions, supply and demand and global geopolitical events. As a result, metal prices can continue to be extremely volatile. Here are examples of price trends for five important metals:
Price trend of copper
The price of copper has generally risen in recent years. This is due to increased demand from various sectors, particularly the construction sector and electromobility. In the period from 2016 to the beginning of 2020, the price of copper rose from around USD 4,600.00 per tonne to over USD 6,300.00 per tonne. In 2020, the price fell due to the impact of the COVID-19 pandemic on the global economy and trade, but was able to rise again to around USD 7,400.00 per tonne by the end of the year.
Price trend of aluminum
The price of aluminum has fluctuated considerably in recent years and showed a certain degree of volatility in the period from 2018 to 2020. A combination of trade conflicts and political uncertainties as well as the impact of the COVID-19 pandemic on the industry have influenced the price. From 2016 to early 2018, it ranged between USD 1,700.00 and USD 2,100.00 per tonne before rising significantly to over USD 2,700.00 per tonne in April 2018. In 2019, however, the price fell to around USD 1,700.00 per tonne. Since the beginning of 2021, however, the price of aluminum has risen again.
Price development of cobalt
The price of cobalt has been highly volatile in recent years. From 2017 to the beginning of 2018 in particular, cobalt experienced a sharp rise in price due to increased demand from the battery industry for electric vehicles. Since then, however, the price has stabilised due to improved efficiency in cobalt production. Cobalt prices are usually quoted in US dollars per pound. In 2016, the price of cobalt was still around USD 10.00 per pound. In 2018, the price then peaked at around USD 43.00 per pound. Since then, the price has fallen somewhat, but remains at a relatively high level of around USD 15.00 to USD 20.00 per pound (as of 2021).
Price development of iron
Iron prices are constantly changing due to supply and demand on the global market. In recent years, however, we have observed some general trends. The price of iron fluctuated between USD 60.00 and USD 80.00 per tonne from 2016 to 2019. In 2020, the price fell briefly to around USD 50.00 per tonne due to COVID-19. However, prices rose significantly in mid-2020, mainly due to rising demand from China and various supply problems. At the beginning of 2021, the price of iron ore reached almost USD 200.00 per tonne. Since then, however, prices have fallen again somewhat and stood at around USD 150.00 per tonne in mid-2021.
Gold price development
The price of gold has fluctuated up and down in recent years, but overall it has risen. Global crises often have the effect that investors rush into safe investments such as gold, causing the price to rise. The price of gold rose from around USD 1,060.00 per ounce in 2016 to over USD 1,600.00 per ounce in early 2020. Over the course of 2020, the price rose further to over USD 2,000.00 per ounce due to the uncertainty on the markets during the pandemic. It reached a record high in August 2020. Since then, however, the rise has slowed somewhat and at the beginning of 2022 the price was just over USD 1,800.00 per ounce. Overall, gold remains a popular investment in uncertain times, which means that the price tends to rise.
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