The graph below shows the average shift in price percentage of copper, nickel, and zinc throughout 2014.
In January, Nickel had the highest percentage change in its cost, with significant difference from the other two metals. However, in the following years, the price gradually decreased from 6% to 1% in three months. The price then showed steady decline until June, where it dropped to its lowest. There were fluctuations in the cost throughout the remaining months, and finally reaching to 1% where it showed steady-pace.
In contract, Copper and Zinc started with 2% and 1% respectively. The percentage for Zinc showed sudden spike in cost changes and rose to 3%, where it reached its peak. On the other hand, Copper price difference showed consistent downward trend until it reached to its lowest in May, while Zinc, after several decline reached to the bottom of its scale. Throughout the remaining months, both metals showed inconsistencies in their trend and Zinc reaching to 2%, while Copper reaching to approximately 1.5% at the end of the year.
In conclusion, while the trend for all three metals showed fluctuations with their inclines and declines, Zinc and Copper surpassed Nickel at the end of the year, even though Nickel started with a huge difference.
