The mineral reference prices for various mining commodities for the first period of May 2025, as published by the Directorate General of Minerals and Coal, Ministry of Energy and Mineral Resources.
Commodity |
May 2025 (first period) |
Apr 2025 (second period) |
Apr 2025 (first period) |
Mar 2025 (second period) |
Mar 2025 (first period) |
Feb 2025 |
Jan 2025 |
Dec 2024 |
Nov 2024 |
Oct 2024 |
Sep 2024 |
Aug 2024 |
Jul 2024 |
Nickel (USD/dmt) |
15,049.23 |
15,539.69 |
16,126.33 |
15,534.62 |
15,276.33 |
16,021.67 |
15,660 |
15,822.95 |
17,072.14 |
16,175.23 |
15,908.1 |
16,812.73 |
18,823.86 |
Cobalt (USD/dmt) |
33,274.62 |
33,710.63 |
31,390 |
22,890 |
21,426 |
28,493.81 |
24,300 |
24,275.45 |
24,184.52 |
24,105 |
26,031.9 |
26,628.41 |
26,980.91 |
Lead (USD/dmt) |
1890.35 |
1,976.31 |
2,041.23 |
1,978.5 |
1,956.43 |
2,111.6 |
2,012.14 |
1,989.41 |
2,054.43 |
2,008 |
1,993.69 |
2,154.93 |
2,196.05 |
Zinc (USD/dmt) |
2594.27 |
2,800.34 |
2,902.43 |
2,826.27 |
2,811.47 |
2,433.21 |
3,052.05 |
3,045.48 |
3,040.48 |
2,796.11 |
2,631.62 |
2,861.05 |
2,894.52 |
Aluminum (USD/dmt) |
2355.31 |
2,517.47 |
2,687.27 |
2,673.04 |
2,659.1 |
2,195 |
2,565.23 |
2,591.86 |
2,571.50 |
2,430.32 |
2,244.1 |
2,440.32 |
2,562.36 |
Copper (USD/dmt) |
9096.92 |
9,525.19 |
9,763.87 |
9,484 |
9,362.83 |
8,313.83 |
8,945.3 |
9,280.23 |
9,617.00 |
9,093.91 |
8,903.07 |
9,579.11 |
9,978.75 |
Gold as byproduct (USD/ounce) |
3216.94 |
3,056.28 |
2,973.68 |
2,910.6 |
2,907.23 |
2,022.29 |
2,651.36 |
2,689.46 |
2,650.71 |
2,522.18 |
2,425.49 |
2,373.25 |
2,344.47 |
Silver as byproduct (USD/ounce) |
31.94 |
32.86 |
33.14 |
32.21 |
32.41 |
22.7 |
30.87 |
32.43 |
31.44 |
29.39 |
28.1 |
30.15 |
30.34 |
Manganese (USD/dmt) |
2.99 |
3.03 |
3.04 |
3.03 |
3.01 |
3.52 |
3.28 |
3.71 |
3.73 |
3.94 |
4.14 |
3.85 |
3.54 |
Iron Ore Laterite/Hematite/Magnetite (USD/dmt) |
1.43 |
1.49 |
1.48 |
1.54 |
1.57 |
1.96 |
1.52 |
1.48 |
1.45 |
1.36 |
1.45 |
1.57 |
1.66 |
Chrome ore (USD/dmt) |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
Ilmenite concentrate (USD/dmt |
- |
- |
- |
- |
- |
7.55 |
7.17 |
7.36 |
7.49 |
7.48 |
7.39 |
7.29 |
7.44 |
Titanium concentrate (USD/dmt) |
10.74 |
10.72 |
10.77 |
10.74 |
10.74 |
12.3 |
10.67 |
11.12 |
11.64 |
11.7 |
11.79 |
11.94 |
12.28 |