The line graph illustrates the average monthly price fluctuations of copper, nickel, and zinc throughout the year 2014, spanning from January to December. This temporal analysis enables us to discern distinct trends in the pricing of these essential metals.
Overall, it is evident that the price of nickel experienced a significant and consistent decline, culminating in the lowest average price at the end of the year. In contrast, the pricing of copper and zinc exhibited notable fluctuations while remaining relatively stable over the same timeframe.
Upon closer examination, it is clear that in early January, the price of nickel was at its pinnacle, reaching 6%. However, between January and June, the price of nickel plummeted dramatically by 9%. Following this downturn, the price of copper witnessed a modest uptick, rising from a decrease of 3% in June to a marginal increase to 1% by December.
The price trends of zinc, however, depict a markedly different narrative. Between January and February, the price of zinc surged from 1% to 3%. Concurrently, the price of copper experienced a significant decrease, falling by as much as 2% from January to May. As a result, despite these fluctuations, the price of copper remained relatively stable throughout the latter half of the year.