the line chart illustrates the average monthly price of copper, nickel, and zinc in 2014, let us delve into each mineral trend and their comparisons.
Initial observations show that nickel had the highest price fluctuations in the mineral market with approximately 9%, It rose and fell erratically, reached the peak at 6%, and hit the lowest point of -3%. Nickel was the most volatile of the three minerals. It experienced extreme up and downs with a plummet of 9% in the first half of the year and gradually increased in the last six months.
The second line shows Zinc’s price fluctuation, with a ranging of price around 4%, initially stable with a 3% increase in Feb, dramatically declined and reached the lowest point of -1% in June, plateaued in Oct, and slightly recovered in Nov and Dec. if compared with other minerals such as Nickel and Copper it was moderate fluctuation.
The final line shows copper’s price movement. It had a more stable trend compared to nickel and was less volatile than nickel. Copper. gradual decline from January to July, and recovery from August to December.
The chart shows detailed the trend of each mineral with Nickel’s volatility, Copper’s stability, and Zinc’s moderate fluctuations.