The Australian Mining Review : 2020-04-01

COMMODITIE­S SNAPSHOT : 6 : 6

COMMODITIE­S SNAPSHOT

COMMODITIE­S SNAPSHOT 6 MAY2020 AMR MAJOR COMMODITIE­S SNAPSHOT $US/oz $US/t GOLD IRON ORE 62% Fe CFR China 89 88 87 86 85 84 83 82 81 80 1775 1750 1725 1700 1675 1650 1625 1600 Despite the slight drop at the peak of the Covid-19 crisis, Iron ore prices have remained relatively resilient throughout the pandemic. Gold is holding above US$1,700 per oz as investors look to the commodity as a safe haven during the Covid-19 pandemic. 1709.03 86.42 83.88 1667.56 1626.06 83.12 24 Feb 28 Mar 29 Apr 24 Feb 28 Mar 29 Apr $US/t $US/t COPPER COBALT LME Price LME Price 35000 34000 33000 32000 31000 30000 29000 6000 5800 5600 5400 5200 5000 4800 4600 5730.03 Partial reopening of some national economies sees the demand for copper, a key industrial metal, rising again. Cobalt prices have taken a hit due to disrupted demand in the electric vehicle and aerospace industries, including global supply chain disruption­s through Africa and China. 33499.90 5165.43 29500.00 29500.00 4800 24 Feb 28 Mar 29 Apr 24 Feb 28 Mar 29 Apr $US/t $US/oz ALUMINIUM COAL LME Price LME Price Aluminium took a hit last month with the decreased demand from the transporta­tion and constructi­on industries during the lock-down period. Coal prices plunged to it’s lowest level since 2015 as tighter restrictio­ns came into play to thwart the Covid-19 pandemic. 70 60 50 1700 1650 1600 1550 1500 1450 1400 1686.98 66.06 67.64 40 30 1472.47 34.05 1490.00 20 10 24 Feb 28 Mar 29 Apr 24 Feb 28 Mar 29 Apr $US/t $US/t LEAD NICKEL LME Price LME Price 1938.97 13500 1950 Lead prices continued to drop over the past month, however as Chinese resumes commercial activity, the decline may slow. Although Nickel prices fell due to the Covid-19 disruption­s, it’s now making a come back and is predicted to ramp up as the focus shifts towards increasing production of lower emission electric vehicles. 13000 1900 12260.00 1850 12500 12684.96 1800 12000 1750 11290.07 11500 1710.00 1700 1608.05 11000 1650 24 Feb 28 Mar 29 Apr 1600 24 Feb 28 Mar 29 Apr

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