Surveys major markets
In Q1 2020, the copper price was impacted by three factors. First, there was an obvious drop in copper consumption amid a considerable decline in production and investment activity in China.
Following the results of Q1 2020, the average LME price for zinc has fallen by 21% to $2,128/t compared to the same period in 2019.
The average gold price in Q1 2020 was $ 1.583 per troy ounce, although in 2019, the annual average gold price amounted to $ 1 392.6.
Global producers and consumers of thermal coal tended to be more optimistic about Q1 2020.