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Non-ferrous metal prices slide in July on Mideast volatility — Kept review
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TASS
While average monthly prices for nickel, aluminum, and lead declined compared to June, some metals staged a recovery toward the end of the month, according to the report obtained by TASS.
The average nickel price fell 5.7% month-on-month to $16,600 per tonne, according to London Metal Exchange (LME) data.
However, prices began clawing back lost ground following the resumption of hostilities in the second half of the month.
Copper prices in July remained virtually flat month-on-month, slipping just 0.4% to $13,500 per tonne on the LME.
Zinc was the sole base non-ferrous metal to post an increase in its average price in July, climbing 1.6% from June to $3,600 per tonne (LME) amid supply constraints.