Closing my metal price pushes through roof

- Metal prices going through the roof. Reduction of production in Asia and problems in large mines cause sharp increases in palladium, lead and platinum.

A comparator, The Economist Metal index, for example, in twelve months, now almost 40% higher in value and ruffs stock indices over the period off.

China is the main reason for the price increases. It accounts for half of total demand after base metals.

These price increases for the shorter term, measured from January 1:

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The iron ore and aluminum price hikes were over the longer period, the last twelve months the greatest. They have in the index about 40% by weight of the total amount of industrial metals. Zinc and lead are especially risen in price due to the closure of a mine in Australia, Canada and Ireland.

Copper was last week a few times nearly the price of $ 6,000 per tonne. Cause there is a strike in one of the biggest mines in Chile.

According to the World Bank, the peak thus not reached for this type of metal, and there are 11% rise in prices possible.

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