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Copper
The average cash settlement price per tonne of copper on
the London Metal Exchange (LME) was USD 6,860 (Euro
5,167) in 2014, representing a 6% decline on the prior year
average price in both USD and Euro. Fluctuating between a
low of USD 6,306 and a high of USD 7,422, the price was less
volatile than in 2013 (low 6,637 – high 8,242).
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Set-14
Oct-14
Nov-14
Dec-14
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Set-13
Oct-13
Nov-13
Dec-13
Avg FY
2012
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Avg FY
2013
Avg FY
2014
USD
EUR
COPPER
USD
EURO
Source: LME data. Price per tonne
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Set-14
Oct-14
Nov-14
Dec-14
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Set-13
Oct-13
Nov-13
Dec-13
Avg FY
2012
2,500
2,000
1,500
1,000
500
0
Avg FY
2013
Avg FY
2014
USD
EUR
ALUMINIUM
USD
EURO
Source: LME data. Price per tonne
Aluminium
The average price of aluminium increased by about 1%
during 2014, both in USD and Euro, reflecting a growing
imbalance between supply and demand. Stocks in the
official London Metal Exchange warehouses fell by 1
million tonnes, from over 5 million tonnes at the beginning
of 2014 to just over 4 million at year end. This situation
put pressure on conversion premiums. The average price
per tonne of aluminium was USD 1,866 (Euro 1,409) in
2014, compared with USD 1,846 (Euro 1,391) in 2013.