In the field of non-ferrous metals, the month of July was affected by a rate of price volatility with a downward trend, after the climate plan was presented by the European Commission last week in Brussels. This affected the prices of metals which have suffered a decline compared to the previous month, with the exception of nickel, which continues its rise.
In fact, the LMEX index closed down, driven by copper which stood at $ 9,211.00 per ton on the London Metal Exchange (LME), with a contraction of 3.6% compared to the previous month. As for zinc, the values drop to 2,935.50 dollars a ton with a decrease of 1.7% compared to June. Aluminum came to a halt in July, which dropped to $ 2,424.50, a decrease of 1.4% compared to last month.
According to analysts, the race for the ‘green’ is affecting other non-ferrous metals such as nickel, which again sees an increase that stands at 18,570.00 dollars a ton, with a positive monthly variation of 3.7 % compared to the previous month.