What are base metals?

Base metals are non-ferrous industrial metals including copper, aluminum, lead, nickel, tin and zinc. Base metals appear in industrial and commercial applications. Copper - commonly used in wiring in electrical equipment due to its excellent conductivity.

Why are base metals more expensive than precious metals?

The term base metals likely arose because these materials are inexpensive and more commonly found than precious metals, such as gold, silver, and platinum. Base metals are often more abundant in nature and sometimes easier to mine. That makes base metals far less expensive for use in manufacturing than precious metals.

What is the global view of Argus base metal prices?

The global view of Argus base metal prices provides transparency on the financial impact of global trade negotiations as they unfold. With premiums provided in the most active trading regions around the world, Argus analyses the link between the physical and paper markets.

What is the base metal price index?

Base Metal Price Index is at a current level of 113.14, down from 117.75 last month and down from 149.89 one year ago. This is a change of -3.92% from last month and -24.52% from one year ago. Excludes iron ore. Based on current US dollars, 2010=100.