Made in Italy
The month of April opens with a slight general rise of metal prices. In particular, the aluminum race shows no signs of stopping and is characterized by an increase of 6.5% compared to the previous month, reaching its highest levels in two years at 2,328 dollars a ton (the highest peak remains that of April 19 2018 with 2,597.5 $ / mt).
The upward trend in prices is mainly due to the great Chinese recovery, the decisive restart of the US economy, the action of hedge funds and the restart of construction activity in Italy favored by the Super bonus 110%.
Moving on to copper, on the other hand, there is a constant increase: the price in April touches 9.187.50 dollars, up by 0.04% compared to last month.
The red metal is increasingly at the center of investors’ interests and the bullish trend is given by the plans of the US, Europe and China for clean energy and electric cars.
Among the non-ferrous metals in sharp decline, we still find nickel.
After the surge up to the peak of 19,689 dollars on February 22, it continues its decline also in April with a minus sign of 0.7% (16,049.00 $ / ton).
Finally, zinc shows a fluctuating monthly trend and stands at $ 2,809.50 per ton with a slight decrease of 0.2% compared to March.
