SUNSHINE Weekly Metal Prices Tracker: February 24-28, 2025

This week (February 22 to February 28, 2025), metal prices exhibited some fluctuations across different markets. Based on the price data from the China, India, UK, and US Exchanges on the SUNSHINE, the following is a report on Copper, Aluminum, Gold, and Silver prices. 

Copper Prices 

This week, Copper prices fluctuated unevenly across various countries. The price changes in China and India were relatively small, with limited fluctuation, maintaining overall stability. In the United Kingdom, Copper prices exhibited a noticeable downward trend, with a significant decrease. The United States saw substantial fluctuations in Copper prices, but overall, there was a slight upward trend.

China: Copper prices in China showed minimal fluctuations this week, with daily price movements ranging between 130-330 CNY/MT. The overall trend was a slight decline, down by 0.56%, closing at 76,710 CNY/MT (February 28). Compared to the previous week (reference date: February 21), there was a decrease of 0.40%. 

India: Indian Copper prices initially declined and then rebounded, dropping to a low of 858.45 INR/kg (February 26) before rising again to 861.6 INR/kg (February 28). The overall movement was relatively stable, with a slight increase of 0.04%. Compared to the previous week (reference date: February 21), there was a decrease of 0.45%. 

United Kingdom: Copper prices in the United Kingdom showed a downward trend, falling from 9,494.5 USD/MT (February 24) to 9,358 USD/MT (February 28), a decline of approximately 1.44%. Compared to the previous week (reference date: February 21), the decline continued, with a decrease of 2.08%. 

United States: Copper prices in the United States were highly volatile, initially jumping by 4.5% to 4.701 USD/Lb (February 26), before retreating to 4.5295 USD/Lb (February 28). The overall trend showed a slight increase of 0.28%. Compared to the previous week (reference date: February 21), there was a decline of 1.01%. 

Aluminum Prices 

This week, aluminum prices generally declined, with China experiencing slight fluctuations and India, the United Kingdom, and the United States showing consistent downward trends, with the United States showing the largest decline of 2.29%.

China: Aluminum prices in China were relatively stable, with daily price movements not exceeding ±150 CNY/MT. The overall trend was a slight decline, down by 0.07%. Compared to the previous week (reference date: February 21), there was a decrease of 0.67%. 

India: Indian Aluminum prices trended downward, falling to 263.85 INR/kg (February 25), and continued to decrease, with an overall decline of 1.85%. Compared to the previous week (reference date: February 21), the decrease was 2.68%. 

United Kingdom: Aluminum prices in the United Kingdom continued to drop, from 2,655.5 USD/MT (February 24) to 2,605.5 USD/MT (February 28), a decrease of 1.88%. Compared to the previous week (reference date: February 21), the drop was more significant, with a decrease of 3.07%. 

United States: Aluminum prices in the United States fell sharply, after slight fluctuations, from 2,626.75 USD/MT (February 27) to 2,556.25 USD/MT (February 28), a drop of 2.68%. The overall decline for the week was 2.29%. Compared to the previous week (reference date: February 21), the price saw a significant drop of 3.81%. 

Gold Prices 

Gold prices in all three countries showed a continued downward trend this week, but with varying degrees of fluctuation. Indian Gold prices showed some fluctuation, while China and the United States saw consistent declines, with the United States experiencing the largest drop of 2.84%.

China: Gold prices in China continued to decline, with the daily drop reaching as high as 0.94%, reaching 678.02 CNY/g (February 26), before slightly narrowing the loss. It ended the week at 672.06 CNY/g (February 28), with an overall decrease of 12.98 CNY/g, or 1.89%. Compared to the previous week (reference date: February 21), the price increased slightly before continuing to fall, with a drop of 1.65%. 

India: Indian Gold prices generally showed a downward trend, with a brief recovery to 8,587.4 INR/g (February 26). The daily drop reached as much as 1.15% (February 28). The overall decline from 8,618.4 INR/g (February 24) to 8,421.9 INR/g (February 28) was 196.5 INR/g, a decrease of 2.28%. Compared to the previous week (reference date: February 21), the price continued to decline, with a total drop of 2.08%. 

United States: Gold prices in the United States fell steadily throughout the week, with the daily drop reaching as high as 1.40% (February 27). The price dropped from 2,949.2 USD/oz t (February 24) to 2,847.9 USD/oz t (February 28), a decrease of 101.3 USD/oz t, or 3.43%. Compared to the previous week (reference date: February 21), there was a slight increase before the continuing decline, with a drop of 2.84%. 

Silver Prices 

Silver prices in all three countries showed a downward trend this week, with varying degrees of fluctuation. Indian Silver prices showed some fluctuation, while China and the United States saw consistent declines, with the United States experiencing the largest drop of 4.34%. 

China: Silver prices continued to decline, with the daily drop reaching as high as 0.87% (February 25). The overall price dropped from 8,077 CNY/kg (February 24) to 7,851 CNY/kg (February 28), a decrease of 226 CNY/kg, or 2.80%. Compared to the previous week (reference date: February 21), the price continued to fall, with a drop of 2.93%. 

India: Indian Silver prices showed a downward trend overall, with a brief recovery of 0.84% (February 26). The price dropped from 95,089 INR/kg (February 24) to 92,887 INR/kg (February 28), a decrease of 2,202 INR/kg, or 2.31%. Compared to the previous week (reference date: February 21), the price continued to decline, with a total drop of 3.44%. 

United States: Silver prices in the United States fell sharply throughout the week, with the daily drop reaching as much as 2.21% (February 27). The price dropped from 32.855 USD/oz t (February 24) to 31.43 USD/oz t (February 28), a decrease of 1.425 USD/oz t, or 4.34%. Compared to the previous week (reference date: February 21), the price continued to drop, with a decline of 5.03%.