In 2024, the average annual London Metal Exchange (LME) price for tin was approximately ** U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the *******highest price out of the base metals at that time, with an average annual LME price of approximately **** U.S. dollars per pound in 2024. Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.

Canada Commodity Price Index: Metals and Minerals data was reported at 882.930 Jan1972=100 in Apr 2025. This records an increase from the previous number of 876.330 Jan1972=100 for Mar 2025. Canada Commodity Price Index: Metals and Minerals data is updated monthly, averaging 293.930 Jan1972=100 from Jan 1972 (Median) to Apr 2025, with 640 observations. The data reached an all-time high of 1,076.840 Jan1972=100 in Apr 2022 and a record low of 100.000 Jan1972=100 in Jan 1972. Canada Commodity Price Index: Metals and Minerals data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I025: Commodity Price Index: Jan1972=100: Monthly.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Other Wire and Cable (WPU10260398) from Jun 2004 to May 2025 about wired, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

This statistic depicts global commodity price indexes for energy, metal, and agriculture from January 2018 to November 2019. In November 2019, the commodity index for energy stood at 87.7, compared to 86.1 for metals, and 98.4 for agriculture.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Other Sheet Metal Work (WPU107301G) from Jun 2011 to May 2025 about metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on July of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Secondary Precious Metals was 640.08900 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Secondary Precious Metals reached a record high of 643.31200 in April of 2025 and a record low of 67.70000 in April of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Secondary Precious Metals - last updated from the United States Federal Reserve on July of 2025.

Germany Commodity Price: Precious Metals: Gold data was reported at 3,232.079 USD/Troy oz in 15 May 2025. This records an increase from the previous number of 3,180.971 USD/Troy oz for 14 May 2025. Germany Commodity Price: Precious Metals: Gold data is updated daily, averaging 1,419.728 USD/Troy oz from Jan 2013 (Median) to 15 May 2025, with 3135 observations. The data reached an all-time high of 3,422.638 USD/Troy oz in 06 May 2025 and a record low of 1,050.717 USD/Troy oz in 17 Dec 2015. Germany Commodity Price: Precious Metals: Gold data remains active status in CEIC and is reported by Deutsche Börse Group. The data is categorized under Global Database’s Germany – Table DE.P: Commodity Prices. [COVID-19-IMPACT]

United States - Producer Price Index by Commodity: Metals and Metal Products was 324.27800 Index 1982=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products reached a record high of 345.24300 in May of 2022 and a record low of 9.50000 in February of 1933. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products - last updated from the United States Federal Reserve on June of 2025.

Discover all the exchange data, pricing and fundamentals, and research findings you'll need from the commodities metals market with LSEG's data options.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Other Ferrous Scrap (WPU101215) from Jun 2006 to Jul 2024 about metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube was 384.87800 Index Jun 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube reached a record high of 508.73600 in June of 2022 and a record low of 89.00000 in October of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube - last updated from the United States Federal Reserve on June of 2025.

Germany Commodity Price: Precious Metals: Silver data was reported at 32.585 USD/Troy oz in 15 May 2025. This records an increase from the previous number of 32.161 USD/Troy oz for 14 May 2025. Germany Commodity Price: Precious Metals: Silver data is updated daily, averaging 19.573 USD/Troy oz from Jan 2013 (Median) to 15 May 2025, with 3135 observations. The data reached an all-time high of 34.800 USD/Troy oz in 22 Oct 2024 and a record low of 11.859 USD/Troy oz in 18 Mar 2020. Germany Commodity Price: Precious Metals: Silver data remains active status in CEIC and is reported by Deutsche Börse Group. The data is categorized under Global Database’s Germany – Table DE.P: Commodity Prices. [COVID-19-IMPACT]

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Secondary Precious Metals (WPU10240669) from Jun 1997 to May 2025 about precious metals, secondary, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap was 251.30900 Index Jun 1996=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap reached a record high of 547.74600 in March of 2022 and a record low of 111.80000 in June of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap - last updated from the United States Federal Reserve on June of 2025.

United States PPI: Metals & Metal Products (Metals) data was reported at 228.000 1982=100 in Jun 2018. This records an increase from the previous number of 226.100 1982=100 for May 2018. United States PPI: Metals & Metal Products (Metals) data is updated monthly, averaging 40.900 1982=100 from Jan 1926 (Median) to Jun 2018, with 1110 observations. The data reached an all-time high of 231.800 1982=100 in Jul 2008 and a record low of 9.500 1982=100 in Apr 1933. United States PPI: Metals & Metal Products (Metals) data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I017: Producer Price Index: By Commodities.

Australia Commodity Price Index: Weights: Base Metals: Zinc data was reported at 1.000 % in Feb 2013. This stayed constant from the previous number of 1.000 % for Jan 2013. Australia Commodity Price Index: Weights: Base Metals: Zinc data is updated monthly, averaging 1.000 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 1.000 % in Feb 2013 and a record low of 0.600 % in Aug 2009. Australia Commodity Price Index: Weights: Base Metals: Zinc data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

Australia Commodity Price Index: Weights: Base Metals: Aluminium data was reported at 4.100 % in Feb 2013. This stayed constant from the previous number of 4.100 % for Jan 2013. Australia Commodity Price Index: Weights: Base Metals: Aluminium data is updated monthly, averaging 4.100 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 4.100 % in Feb 2013 and a record low of 3.400 % in Aug 2009. Australia Commodity Price Index: Weights: Base Metals: Aluminium data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

United States - Producer Price Index by Commodity: Metals and Metal Products: Copper and Brass Mill Shapes was 630.20000 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Copper and Brass Mill Shapes reached a record high of 657.85300 in February of 2025 and a record low of 34.90000 in November of 1963. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Copper and Brass Mill Shapes - last updated from the United States Federal Reserve on July of 2025.