2020 LME BASE METALS PRICE REVIEW: Cu keeps Covid at bay, rises to 2013 levels; nickel spurred on by EV prospects

The advent of Covid-19 pushed prices to their lowest levels during the first quarter of the year, yet by the end of 2020, most underlying prices on the London Metal Exchange had bounced back to multi-year highs. Fastmarkets looks at why some metals outperformed others.

Figure 1: LME Indexed performance up until December 24. Copper – cash price gain of 25% ($6,179.50 per tonne open 3 Jan to $7,749 per tonne close 31 Dec)  Copper began the...


Ana de Liz

December 31, 2020

16:50 GMT