In 2023, the average annual London Metal Exchange (LME) price for tin was approximately 12 U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the second-highest price out of the base metals at that time, with an average annual LME price of approximately 9.80 U.S. dollars per pound in 2023.
Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.
Price of base metals in 2023, by commodity
(in U.S. cents per pound)
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US Geological Survey. (January 31, 2024). Price of base metals in 2023, by commodity (in U.S. cents per pound) [Graph]. In Statista. Retrieved February 16, 2025, from https://www.statista.com/statistics/241526/worldwide-prices-of-base-metals-by-type/?__sso_cookie_checker=failed
US Geological Survey. "Price of base metals in 2023, by commodity (in U.S. cents per pound)." Chart. January 31, 2024. Statista. Accessed February 16, 2025. https://www.statista.com/statistics/241526/worldwide-prices-of-base-metals-by-type/?__sso_cookie_checker=failed
US Geological Survey. (2024). Price of base metals in 2023, by commodity (in U.S. cents per pound). Statista. Statista Inc.. Accessed: February 16, 2025. https://www.statista.com/statistics/241526/worldwide-prices-of-base-metals-by-type/?__sso_cookie_checker=failed
US Geological Survey. "Price of Base Metals in 2023, by Commodity (in U.S. Cents per Pound)." Statista, Statista Inc., 31 Jan 2024, https://www.statista.com/statistics/241526/worldwide-prices-of-base-metals-by-type/?__sso_cookie_checker=failed
US Geological Survey, Price of base metals in 2023, by commodity (in U.S. cents per pound) Statista, https://www.statista.com/statistics/241526/worldwide-prices-of-base-metals-by-type/?__sso_cookie_checker=failed (last visited February 16, 2025)
Price of base metals in 2023, by commodity (in U.S. cents per pound) [Graph], US Geological Survey, January 31, 2024. [Online]. Available: https://www.statista.com/statistics/241526/worldwide-prices-of-base-metals-by-type/?__sso_cookie_checker=failed
