The line graph illustrates the average monthly variation in the cost of copper, nickel and zinc in 2014.
Overall, Nickel has the most changes in prices during the whole year. All three metals experienced a downward trend in the winter season. While in the fall, they experienced an upward trend.
In January, nickel price change was high at 6% and then dropped at 1% in mid-February and had a steady growth between march and April. Between march and July, nickel experienced notable decrease in price hitting a low point at –3% in and quickly got high at 1%. From July to September, it remained steady at -1%. While between October to November, nickels’ prices increased reaching 1% and remained steady from November to December.
From January to February, prices of zinc increased reaching 3% while copper prices decreased by 1%. Both copper and zinc from February to May experienced steady decrease in prices reaching around 0,5% and 1% respectively. Between May and July, Zinc prices experienced a downward trend attaining at –1 % and then faced a slight increase hitting approximately –0,5%. Whilst copper prices remained steady at about –0,5% and increased at 1%. From July to October, both metal prices experienced a steady growth and decreased slightly in October at –1% with zinc and about 0,7% with copper. In contrast, Both Zinc and copper prices hit an upward trend at 2% and around 1,8% respectively.