Monthly Metal Review

Lead and Zinc (December 2017)

In London the Lead cash settlement prices de-creased to US$ 2,495.00 and Zinc increased to US$ 3,309.00 this month. In brisk December trading, LME zinc prices were firm above 3200$ per metric ton. The rise for 2017 was nearly 25 percent for the year following a 70 percent surge in 2016. Lead was up 26 percent year to date. China’s zinc production of 603,000 tons in No-vember was up by 7.5 percent on-year. Year-to-date zinc output was down by 1.3 percent to 5.65 million tonnes. November lead production jumped to 424,000 tonnes. Lead output was up 4.9 percent compared to 2016’s to 4.52 million tonnes for 2017’s first 11 months. World refined lead metal demand exceeded supply by 173,000 tons during 2017’s first ten months, the Inter-national Lead-Zinc Study Group said. Global lead-mine production rose by 3.8 percent on-year, largely due to increases in China, India, and Kazakhstan that more than balanced reductions in Australia and the U.S. A rise in world refined-lead metal output, also 3.8 percent, was influenced by higher production in Canada, China and India. Apparent refined lead metal demand increased by 3.6 per-cent in Europe, 5.1 percent in the U.S., and 11.3 percent in China. Boliden’s Tara Mine in County Meath, Ireland, re-turned to profit in 2017 as revenues soared by 40 percent to €217 million on higher lead and zinc prices. Mine reve-nues jumped on-year from €155.32 million to €217.52 mil-lion. Tara, northwest of Dublin, is Europe's largest zinc mine and the world’s fifth largest. Canadian Zinc obtained a US$10-million bridge loan from Resource Capital Fund VI for ongoing development of the Prairie Creek zinc-lead-silver project in the Macken-zie Mountains of Canada’s Northwest Territories. The company’s focus will be on engineering work while the company completes a senior project financing package. It expects to be able to start production by mid 2020 and would produce about 40,000 Tons of zinc contained in concentrates and 50,000 Tons of lead contained in concen-trates per year. LME Lead stocks increased to 145,250.00 tonnes, and Zinc stocks decreased to 182’050.00 tonnes in Decem-ber.

Daily Prices

January 2018

Copper
Date(Fix.) ($/MT)
Average 7089.78
23-01-2018 6905
22-01-2018 7049
19-01-2018 7079
18-01-2018 7047
17-01-2018 7047
16-01-2018 7023
15-01-2018 7180
12-01-2018 7070.5
11-01-2018 7123
10-01-2018 7140.5
09-01-2018 7092
08-01-2018 7084.5
05-01-2018 7097
04-01-2018 7202.5
03-01-2018 7115.5
02-01-2018 7181
Silver
Date(Fix.) ($/OZ)
Average 17.11
23-01-2018 16.98
22-01-2018 17.035
19-01-2018 17.04
18-01-2018 17.09
17-01-2018 17.21
16-01-2018 17.095
15-01-2018 17.325
12-01-2018 17.12
11-01-2018 17.01
10-01-2018 17.135
09-01-2018 17.055
08-01-2018 17.17
05-01-2018 17.155
04-01-2018 17.13
03-01-2018 17.125
02-01-2018 17.06
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1326.20
23-01-2018 1337.1
22-01-2018 1334.15
19-01-2018 1335.8
18-01-2018 1329.75
17-01-2018 1337.35
16-01-2018 1334.95
15-01-2018 1343
12-01-2018 1332.9
11-01-2018 1319.85
10-01-2018 1321.65
09-01-2018 1314.95
08-01-2018 1318.8
05-01-2018 1317.9
04-01-2018 1313.7
03-01-2018 1314.6
02-01-2018 1312.8
Date(Fix.) ($/OZ)
Average 1325.63
23-01-2018 1335.25
22-01-2018 1333.375
19-01-2018 1335.375
18-01-2018 1330.975
17-01-2018 1336.5
16-01-2018 1334.4
15-01-2018 1341.125
12-01-2018 1329.85
11-01-2018 1321.45
10-01-2018 1320.7
09-01-2018 1312.975
08-01-2018 1319.375
05-01-2018 1317.525
04-01-2018 1314.1
03-01-2018 1314.75
02-01-2018 1312.425
Date(Fix.) ($/OZ)
Average 1325.07
23-01-2018 1333.4
22-01-2018 1332.6
19-01-2018 1334.95
18-01-2018 1332.2
17-01-2018 1335.65
16-01-2018 1333.85
15-01-2018 1339.25
12-01-2018 1326.8
11-01-2018 1323.05
10-01-2018 1319.75
09-01-2018 1311
08-01-2018 1319.95
05-01-2018 1317.15
04-01-2018 1314.5
03-01-2018 1314.9
02-01-2018 1312.05
Lead
Date(Fix.) ($/MT)
Average 2578.16
23-01-2018 2610
22-01-2018 2607
19-01-2018 2608
18-01-2018 2581
17-01-2018 2555
16-01-2018 2542.5
15-01-2018 2582
12-01-2018 2536
11-01-2018 2572
10-01-2018 2596
09-01-2018 2608
08-01-2018 2566
05-01-2018 2590
04-01-2018 2573
03-01-2018 2580
02-01-2018 2544
Zinc
Date(Fix.) ($/MT)
Average 3413.69
23-01-2018 3443
22-01-2018 3441
19-01-2018 3463
18-01-2018 3410
17-01-2018 3445
16-01-2018 3429
15-01-2018 3474
12-01-2018 3420
11-01-2018 3420
10-01-2018 3381
09-01-2018 3401
08-01-2018 3391.5
05-01-2018 3396
04-01-2018 3377
03-01-2018 3350.5
02-01-2018 3377
Tin
Date(Fix.) ($/MT)
Average 20317.81
23-01-2018 20830
22-01-2018 20770
19-01-2018 20685
18-01-2018 20575
17-01-2018 20525
16-01-2018 20355
15-01-2018 20450
12-01-2018 20275
11-01-2018 20245
10-01-2018 20035
09-01-2018 20075
08-01-2018 19960
05-01-2018 20020
04-01-2018 20075
03-01-2018 20050
02-01-2018 20160
Nickel
Date(Fix.) ($/MT)
Average 12614.06
23-01-2018 12750
22-01-2018 12720
19-01-2018 12595
18-01-2018 12455
17-01-2018 12415
16-01-2018 12415
15-01-2018 12835
12-01-2018 12670
11-01-2018 12835
10-01-2018 12900
09-01-2018 12515
08-01-2018 12450
05-01-2018 12500
04-01-2018 12615
03-01-2018 12465
02-01-2018 12690
Cobalt
Date(Fix.) ($/MT)
Average 76843.75
23-01-2018 80000
22-01-2018 80000
19-01-2018 80500
18-01-2018 77000
17-01-2018 77000
16-01-2018 77000
15-01-2018 78500
12-01-2018 75500
11-01-2018 75500
10-01-2018 75500
09-01-2018 75500
08-01-2018 75500
05-01-2018 75500
04-01-2018 75500
03-01-2018 75500
02-01-2018 75500