
The base metals sector rallied 17.26% in Q4 but was 6.16% lower in 2022, but many of the metals rose to multi-year, with some trading at record highs last year. In Q1 2023, the base metals sector posted a 2.91% decline.
Copper, aluminum, and tin prices increased, while nickel, lead, and zinc fell, with nickel posting the most significant loss. In my January 5 Barchart article, I wrote: