- Published: Friday, 21 February 2014 18:18
- Written by Steve Fiscor
Similar to the equities markets, prices for base metals started the New Year on a slightly downward trend. According to the E&MJ Prices Index, aluminum lost about $100 per metric ton (mt) or about 6% during January. Copper declined 5% or $340/mt. Lead, nickel, tin and zinc were down $35/mt (2%), $75/mt (1%), $290/mt (1%) and $120/mt (6%), respectively.
Put another way, during January, aluminum dropped from $0.79/lb to $0.75/lb; copper declined from $3.38/lb to $3.23/lb; lead slipped from $1.01/lb to $0.95/lb; nickel dipped from $6.32/lb to $6.29/lb; tin settled from $10.22/lb to $10.09/lb; and zinc slid from $0.95/lb to $0.89/lb.