Table: Mineral reference prices for the second period of November 2025

Nickel (USD/dmt)

14,998.67

15,075.33

15,142

15,101.67

15,000.33

14,899.64

15,012.67

15,908.1

14,926

14,942.67

15,221

15,405

15,415

Cobalt (USD/dmt)

47,571

42,283.33

35,151

33,307.67

32,897.67

32,894.29

32,893.33

26,031.9

32,896

32,944

33,235.33

33,256.79

33,260.77

Lead (USD/dmt)

1,984.97

1,959.33

1,966.37

1,954.2

1,945.53

1,947.32

1,969.7

1,993.69

2,009.27

1,966.93

1,954.9

1,961.68

1,939.08

Zinc (USD/dmt)

3,217.83

3,148.7

3,014.93

2,939.37

2,820

2,792.86

2,799.58

2,631.62

2,696.83

2,627.8

2,659.2

2,650.29

2,595.88

Aluminum (USD/dmt)

2,847.17

2,776.33

2,688

2,662.53

2,604.37

2,592.5

2,611.47

2,244.1

2,577.4

2,515.1

2,457.13

2,443.32

2,392.88

Copper (USD/dmt)

1,0782.53

10,662.07

10,311.37

9,935.83

9,741.87

9,632.93

9,701.83

8,903.07

9,952.53

9,822.07

9,649.63

9,530.36

9,384.38

Gold as byproduct (USD/ounce)

4,042.59

4,110.53

3,712.3

3,676.33

3,458.4

3,353.76

3,359.73

2,425.49

3,326.36

3362.93

3,313.97

3,279.13

3,316.69

Silver as byproduct (USD/ounce)

48.48

50.37

46.35

42.32

39.41

37.91

38.01

28.1

36.34

36.3

33.78

32.64

32.78

Manganese (USD/dmt)

3.38

3.32

3.28

3.28

3.28

3.28

3.27

4.14

3.18

3.18

3.18

3.12

3

Iron Ore Laterite/Hematite/Magnetite (USD/dmt)

1.54

1.55

1.54

1.55

1.49

1.47

1.48

1.45

1.35

1.36

1.42

1.45

1.44

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

-

-

-

-

-

-

-

-

-

-

-

-

-

Titanium concentrate (USD/dmt)

8.65

8.7

8.97

9.04

9.15

9.42

9.77

11.79

10.87

10.86

10.84

10.81

10.71