14 March 2025 – Raw material prices on the Asian and European commodity exchanges have improved, in some cases significantly, compared to the previous week. Nickel and iron ore prices in particular rose by more than 3%.
Raw materials remain positive on Friday
The week provided an upswing for raw materials and base metals in particular. Compared to last Friday, prices on the Shanghai Futures Exchange (SHFE) for aluminium (+0.62%), zinc (+0.94%), lead (+1.75%), copper (+2.72%) and nickel (+3.17%) improved, in some cases significantly.
Copper, lead, aluminium and nickel were also up at the start of trading on the London Metal Exchange (LME). The price of 3-month nickel on the LME improved by more than 1.3% in the meantime.
Philippine nickel ore prices rise
Philippine nickel ore prices rose by up to 3.23% today, after Indonesian prices had already risen over the week. The Indonesian Nickel Pig Iron FOB Index also rose by almost 1.8% today.
Iron ore prices rise again
After a brief dip in iron ore prices on the Singapore Exchange (SGX) since the beginning of February, iron ore futures improved significantly again this week. Compared to Monday, iron ore prices rose by more than 4%.
Overall, a very positive week for the price development of base metals and other commodities.
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
