Monthly Metal Review

Copper (May 2017)

In London, Copper prices decreased 2.21% to US$ 5’688.50 a tonne with a contango of US$ 25.50 this month. Global mine copper production expanded by an estimated million tonnes last year to 20.16 million tonnes, the International Copper Study Group said. It said the 5.3-percent gain was largely due to a 38-percent, 650,000-tonne surge in Peru’s concentrate production, with higher output in Canada, Indonesia, U.S., and Mexico. Chile’s state copper commission, Cochilco, cut its January prediction of 2017 copper production from 5.79 million tonnes to fewer than 5.6 million in light of the 43-day first-quarter strike at BHP Billiton’s Escondida mine. The action at the world's largest copper mine removed 180,000 tonnes from the commission's previous estimate, Cochilco said. Union workers at Peru's biggest copper mine, Cerro Verde, returned to work after a 21-day strike. They accepted Freeport-McMoRan’s offer to improve health-care benefits and pay workers their share of mine profits earlier than usual. Peru’s labor ministry ordered Freeport to handle workers' medical care and ensure that workers can participate in mine-safety issues, the union said. Overturning a three-months-plus ban on exports, Indonesia’s trade ministry issued a temporary export permit to Freeport McMoRan. LME copper stocks increased 10.80% to 259’725 tonnes in April.

Daily Prices

October 2017

Copper
Date(Fix.) ($/MT)
Average 6741.20
20-10-2017 7008.5
19-10-2017 6920
18-10-2017 6971.5
17-10-2017 7046
16-10-2017 7063
13-10-2017 6858
12-10-2017 6813
11-10-2017 6685
10-10-2017 6641
09-10-2017 6607
06-10-2017 6639
05-10-2017 6511
04-10-2017 6453
03-10-2017 6447
02-10-2017 6455
Silver
Date(Fix.) ($/OZ)
Average 16.96
20-10-2017 17.075
19-10-2017 17.025
18-10-2017 16.95
17-10-2017 17.11
16-10-2017 17.41
13-10-2017 17.2
12-10-2017 17.195
11-10-2017 17.15
10-10-2017 17.12
09-10-2017 16.92
06-10-2017 16.625
05-10-2017 16.66
04-10-2017 16.825
03-10-2017 16.61
02-10-2017 16.58
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1283.69
20-10-2017 1280.25
19-10-2017 1283.4
18-10-2017 1280.65
17-10-2017 1289.7
16-10-2017 1305.15
13-10-2017 1293.9
12-10-2017 1294.45
11-10-2017 1290.2
10-10-2017 1289.6
09-10-2017 1282.15
06-10-2017 1268.2
05-10-2017 1278.4
04-10-2017 1275.55
03-10-2017 1270.7
02-10-2017 1273.1
Date(Fix.) ($/OZ)
Average 1283.20
20-10-2017 1280.725
19-10-2017 1284.9
18-10-2017 1280.425
17-10-2017 1287.225
16-10-2017 1304.225
13-10-2017 1296.75
12-10-2017 1292.35
11-10-2017 1289.725
10-10-2017 1290.5
09-10-2017 1280.45
06-10-2017 1265
05-10-2017 1276.45
04-10-2017 1274.9
03-10-2017 1270.975
02-10-2017 1273.4
Date(Fix.) ($/OZ)
Average 1282.71
20-10-2017 1281.2
19-10-2017 1286.4
18-10-2017 1280.2
17-10-2017 1284.75
16-10-2017 1303.3
13-10-2017 1299.6
12-10-2017 1290.25
11-10-2017 1289.25
10-10-2017 1291.4
09-10-2017 1278.75
06-10-2017 1261.8
05-10-2017 1274.5
04-10-2017 1274.25
03-10-2017 1271.25
02-10-2017 1273.7
Lead
Date(Fix.) ($/MT)
Average 2527.93
20-10-2017 2502
19-10-2017 2491
18-10-2017 2493
17-10-2017 2496
16-10-2017 2566
13-10-2017 2542
12-10-2017 2568.5
11-10-2017 2525
10-10-2017 2509
09-10-2017 2515
06-10-2017 2539.5
05-10-2017 2548
04-10-2017 2585
03-10-2017 2501
02-10-2017 2538
Zinc
Date(Fix.) ($/MT)
Average 3282.80
20-10-2017 3208
19-10-2017 3170
18-10-2017 3185
17-10-2017 3130
16-10-2017 3321
13-10-2017 3325
12-10-2017 3333
11-10-2017 3306
10-10-2017 3314
09-10-2017 3334.5
06-10-2017 3336
05-10-2017 3350
04-10-2017 3370
03-10-2017 3324
02-10-2017 3235.5
Tin
Date(Fix.) ($/MT)
Average 20764.33
20-10-2017 19925
19-10-2017 20100
18-10-2017 20050
17-10-2017 20775
16-10-2017 20825
13-10-2017 20925
12-10-2017 20900
11-10-2017 20810
10-10-2017 21100
09-10-2017 20950
06-10-2017 21085
05-10-2017 21245
04-10-2017 20950
03-10-2017 20950
02-10-2017 20875
Nickel
Date(Fix.) ($/MT)
Average 11135.33
20-10-2017 12050
19-10-2017 11680
18-10-2017 11745
17-10-2017 11675
16-10-2017 11790
13-10-2017 11605
12-10-2017 11195
11-10-2017 10980
10-10-2017 10910
09-10-2017 10770
06-10-2017 10500
05-10-2017 10560
04-10-2017 10640
03-10-2017 10555
02-10-2017 10375
Cobalt
Date(Fix.) ($/MT)
Average 59816.67
20-10-2017 61250
19-10-2017 60500
18-10-2017 62500
17-10-2017 60250
16-10-2017 59750
13-10-2017 59750
12-10-2017 59750
11-10-2017 58250
10-10-2017 59500
09-10-2017 59500
06-10-2017 59500
05-10-2017 59000
04-10-2017 58750
03-10-2017 59500
02-10-2017 59500