Monthly Metal Review

Overview

The dollar has come under pressure as a spate of negative numbers from the US weighed – it was last at its softest in two months at 1.1210 against the euro after first-quarter advance GDP growth of 0.2 percent missed the expected 1.0 percent and was down from 2.2 percent in the fourth quarter of last year. This has in part pushed up metals prices during this month of April.
The CRB Index is a measure of commodity prices. It recently crossed its 100-day moving average line for the first time since last July. During this entire period the CRB index has been in a downward trend.
More autonomous mining vehicles are coming to expensive-labor regions. Some 48 percent of sur-veyed mining buyers and decision-makers in Europe and former Soviet Union intend to use AVs by 2020; 31 percent use them. Usage was much greater in high-er-cost Scandinavia than Eastern Europe. About half of those planning to automate by 2020 said they will switch within two years. Results were from London’s Timetric’s Mining Intelligence.
The International Monetary Fund said the world should brace for low growth, high debt and unem-ployment unless policymakers take evasive action. The warning came against lower U.S. job growth, Eurozone deflation and low oil prices.
UK voters go to the polls May 7 for a general election. The ruling Conservatives have promised, if returned to power, an in/out referendum on leaving the EU.
The pound fell in April to its lowest against the dollar in nearly five years on softer UK industrial-output figures, uncertainty over the parliamentary elec-tion and a slowing UK economy. Industrial-output rose by 0.1 percent on-month in February, below expectations. Oil and gas production fell sharply, whilst the construction sector shrank by 0.9 percent in February. Manufacturing output showed the best growth within the industrial-output measure, with a 0.4 percent gain in February, from a 0.6-percent Janu-ary fall.
The number of UK jobless fell by 76,000 to 1.84 million in the three months to February, a seven-year low. But critics said too many were low-paid and low-skilled.
U.S. employers added 126,000 workers in March, the weakest in two years largely on sluggish business investment and harsh late-winter weather. Still, analysts noted that last year’s 6.6-percent unem-ployment rate is down to 5.5 percent.
Germany’s March new-car sales jumped the most in more than a year, boosted by an additional sales day and robust sentiment in Europe's largest economy. Passenger-car registrations rose 9 percent to some 323,000 vehicles.
The Reserve Bank of Australia held interest rates at 2.25 percent in April, as it did in March. It is likely to cut rates as early as its May 4 policy meeting.
South Korea’s central bank lowered 2015 growth and inflation forecasts on weaker exports and sluggish domestic demand. It took no April interest-rate action after cutting its policy rate in March to a record-low 1.75 percent. It forecast 3.1-percent 2015 growth, down from a predicted 3.4 percent.

Daily Prices

April 2015

Copper
Date(Fix.) ($/MT)
Average 6028.48
30-04-2015 6245
29-04-2015 6103
28-04-2015 6090.5
27-04-2015 6061
24-04-2015 6025.5
23-04-2015 5935
22-04-2015 5927
21-04-2015 5975
20-04-2015 6002
17-04-2015 6081
16-04-2015 6054
15-04-2015 5920.5
14-04-2015 5916.5
13-04-2015 6011.5
10-04-2015 6055
09-04-2015 6050
08-04-2015 6055
07-04-2015 6041
02-04-2015 6001.5
01-04-2015 6019.5
Silver
Date(Fix.) ($/OZ)
Average 16.32
30-04-2015 16.52
29-04-2015 16.48
28-04-2015 16.32
27-04-2015 15.84
24-04-2015 15.83
23-04-2015 15.86
22-04-2015 16.05
21-04-2015 16.08
20-04-2015 16.09
17-04-2015 16.36
16-04-2015 16.47
15-04-2015 16.18
14-04-2015 16.08
13-04-2015 16.27
10-04-2015 16.55
09-04-2015 16.3
08-04-2015 16.84
07-04-2015 16.86
02-04-2015 16.84
01-04-2015 16.56
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1198.25
30-04-2015 1204.3
29-04-2015 1204.8
28-04-2015 1201.4
27-04-2015 1182.75
24-04-2015 1192.15
23-04-2015 1187.75
22-04-2015 1202.4
21-04-2015 1197.7
20-04-2015 1203.25
17-04-2015 1204.55
16-04-2015 1204.6
15-04-2015 1189.85
14-04-2015 1191.45
13-04-2015 1197.85
10-04-2015 1201.9
09-04-2015 1196
08-04-2015 1211.1
07-04-2015 1208.5
02-04-2015 1201.5
01-04-2015 1181.25
Date(Fix.) ($/OZ)
Average 1198.08
30-04-2015 1192.275
29-04-2015 1206.9
28-04-2015 1205.2
27-04-2015 1191.375
24-04-2015 1187.575
23-04-2015 1186.75
22-04-2015 1195.825
21-04-2015 1196.5
20-04-2015 1199.875
17-04-2015 1203.95
16-04-2015 1204.475
15-04-2015 1191.375
14-04-2015 1193.1
13-04-2015 1198.375
10-04-2015 1204.625
09-04-2015 1195.4
08-04-2015 1209.175
07-04-2015 1209.75
02-04-2015 1200
01-04-2015 1189.125
Date(Fix.) ($/OZ)
Average 1197.91
30-04-2015 1180.25
29-04-2015 1209
28-04-2015 1209
27-04-2015 1200
24-04-2015 1183
23-04-2015 1185.75
22-04-2015 1189.25
21-04-2015 1195.3
20-04-2015 1196.5
17-04-2015 1203.35
16-04-2015 1204.35
15-04-2015 1192.9
14-04-2015 1194.75
13-04-2015 1198.9
10-04-2015 1207.35
09-04-2015 1194.8
08-04-2015 1207.25
07-04-2015 1211
02-04-2015 1198.5
01-04-2015 1197
Lead
Date(Fix.) ($/MT)
Average 1999.80
30-04-2015 2124.5
29-04-2015 2085
28-04-2015 2095
27-04-2015 2082
24-04-2015 2053
23-04-2015 2022
22-04-2015 2048.5
21-04-2015 2014
20-04-2015 2036.5
17-04-2015 2042
16-04-2015 2039
15-04-2015 1976.5
14-04-2015 1963
13-04-2015 1986
10-04-2015 1998
09-04-2015 1944.5
08-04-2015 1915
07-04-2015 1886.5
02-04-2015 1865
01-04-2015 1820
Zinc
Date(Fix.) ($/MT)
Average 2206.90
30-04-2015 2355.5
29-04-2015 2288
28-04-2015 2302
27-04-2015 2281.5
24-04-2015 2222
23-04-2015 2215
22-04-2015 2229.5
21-04-2015 2189
20-04-2015 2222
17-04-2015 2226
16-04-2015 2229
15-04-2015 2181.5
14-04-2015 2176.5
13-04-2015 2217.5
10-04-2015 2200
09-04-2015 2166
08-04-2015 2148
07-04-2015 2126.5
02-04-2015 2093.5
01-04-2015 2069
Tin
Date(Fix.) ($/MT)
Average 15985.50
30-04-2015 16025
29-04-2015 15705
28-04-2015 16275
27-04-2015 16050
24-04-2015 15650
23-04-2015 15505
22-04-2015 15530
21-04-2015 15375
20-04-2015 15010
17-04-2015 14765
16-04-2015 15760
15-04-2015 15875
14-04-2015 16150
13-04-2015 16410
10-04-2015 16505
09-04-2015 16650
08-04-2015 16725
07-04-2015 16775
02-04-2015 16570
01-04-2015 16400
Nickel
Date(Fix.) ($/MT)
Average 12782.75
30-04-2015 13860
29-04-2015 13285
28-04-2015 13230
27-04-2015 13510
24-04-2015 12860
23-04-2015 12545
22-04-2015 12625
21-04-2015 12770
20-04-2015 12370
17-04-2015 12730
16-04-2015 12890
15-04-2015 12515
14-04-2015 12260
13-04-2015 12520
10-04-2015 12590
09-04-2015 12545
08-04-2015 12725
07-04-2015 12565
02-04-2015 12930
01-04-2015 12330
Cobalt
Date(Fix.) ($/MT)
Average 28790.00
30-04-2015 30200
29-04-2015 30200
28-04-2015 30100
27-04-2015 29800
24-04-2015 30000
23-04-2015 30000
22-04-2015 29800
21-04-2015 29400
20-04-2015 29500
17-04-2015 28700
16-04-2015 28100
15-04-2015 28000
14-04-2015 28600
13-04-2015 28600
10-04-2015 28600
09-04-2015 28400
08-04-2015 27400
07-04-2015 26900
02-04-2015 26800
01-04-2015 26700