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Metals prices were up across the board in August. According to the E&MJ Price Index, the spot price for gold increased $51.80/ounce (oz) or 4.1% during the month. Silver climbed $0.85/oz or 5.1%. Platinum group metals were all up 4% or more. Even the price of iron ore registered a positive movement of $3.05/ mt or 4.2%. The biggest prices swings were among the base metals. Nickel posted a $1,465/mt price improvement or 14.4%, followed by zinc, which posted a $370/mt gain or 13.4%. Aluminum prices increased $226.50/mt or 12%, and copper posted a $491.50/mt increase or a 7.8% improvement.
Metals prices were up across the board in August. According to the E&MJ Price Index, the spot price for gold increased $51.80/ounce (oz) or 4.1% during the month. Silver climbed $0.85/oz or 5.1%. Platinum group metals were all up 4% or more. Even the price of iron ore registered a positive movement of $3.05/ mt or 4.2%. The biggest prices swings were among the base metals. Nickel posted a $1,465/mt price improvement or 14.4%, followed by zinc, which posted a $370/mt gain or 13.4%. Aluminum prices increased $226.50/mt or 12%, and copper posted a $491.50/mt increase or a 7.8% improvement.
Metal Miners Enjoy an August Rally
Fiscor, Steve (author)
2017
Article (Journal)
English
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