Copper and Tin Rally While Cobalt and Nickel Decline in Latest Global Mining Price Update
Global Mining Prices: Copper and Tin Rise as Cobalt, Nickel and Germanium Fall (May 18–23, 2026)
International mining commodity price lists for the period of May 18 to May 23, 2026, show mixed movements across key metals, with strong gains in copper and tin, moderate increases in gold and aluminum, and declines in cobalt, nickel, and germanium.
Metals posting gains
Copper recorded one of the strongest increases, rising from $13,024.25 to $13,681.93 per ton, reflecting sustained demand in industrial and energy transition sectors.
Tin also posted a significant gain, climbing from $49,283.00 to $53,611.00 per ton.
Gold edged higher, increasing from $150.15 to $152.89 per gram, while aluminum ingots rose from $1,693.51 to $1,714.42 per ton.
Silver showed volatility over the period, fluctuating between $24 and $27 per gram.
Metals under pressure
Cobalt prices saw a marginal decline, slipping from $55,607.70 to $55,600.00 per tonne.
Nickel experienced a sharper drop, falling from $18,272.06 to $16,904.41 per tonne.
Germanium recorded one of the steepest declines, decreasing from $8,336.25 to $7,695.00 per kilogram, reflecting weaker market sentiment.
Stable commodity
Tantalum remained unchanged over the reporting period, holding steady at $750 per kilogram, indicating balanced supply and demand conditions.
Overall, the latest pricing trends highlight a divergence in the metals market, with industrial and precious metals showing resilience while several battery and technology-related materials face downward pressure.
