Manufacturing Industries to Profit from Raw Metal Price Drops

By Editorial Team 08/10/2019
Summary

The prices of several raw minerals for industries are getting lower lately. The surplus of supplies and the decrease in demands from many industrial countries allegedly caused the price of aluminum, copper, and tin to fall.

According to London Metal Exchange’s data, the tin price suffered the most significant decrease in the third quarter of 2019 to US$ 15,950-US$ 16,000 per metric ton or down 15.41 percent. The aluminum price was down 4.3 percent, and even once hit the lowest level at US$ 1,705 per metric ton during the period. However, the copper price fell to US$ 5,643 per metric ton or down 4.4 percent at the same time.

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