आधार धातुएँ (उदा. लौह अयस्क)

About the Base Metals Index

The Base Metals Index is an economic indicator that comprehensively measures price trends of non-ferrous metals such as copper, zinc, lead, and nickel (excluding iron ore). Using 2010 as the base year (100), it indexes price changes of these major industrial metals. Composed of a price-weighted average of multiple base metals, it reflects the value changes of non-ferrous metals overall in the international market.

This indicator is important because base metals are fundamental materials for a wide range of industries including construction, automobiles, electrical equipment, and electronic equipment. Therefore, this index serves as an important barometer for showing the economic situation of the world economy in advance. When the economy is in an expansion phase, demand for these metals tends to increase and prices rise. Conversely, during economic downturns, prices decline as demand decreases. Additionally, supply constraints and political conditions in major producing countries, as well as currency fluctuations, have significant effects on the index.

Notable points include that the index has a strong correlation with economic growth rates of emerging economies such as China, serving as a clue for global economic assessment. Additionally, with increased electric vehicle demand accompanying energy transition, the supply and demand of certain metals has become more closely monitored. Furthermore, short-term price fluctuations are highly sensitive to geopolitical risks and financial market movements. For investors and corporations, it functions as an indispensable indicator for forecasting raw material cost trends.