On balance, 2017 has been a standout year for copper, with prices enjoying gains of nearly 25% during the year.
The second and third quarters of 2017 continued to demonstrate market uncertainty, however it started to reflect the impact of electric vehicles.
The uranium spot price remains close to historic lows. The stakes have increased for the industry as this period of sustained low prices drags on.
Copper prices surged in the aftermath of the US election.
There is a tight relationship between the uncertainties related to global economy growth and the outlook for platinum.
As a result of rising Chinese steel prices and supply disruption in Australia and Brasil, the price of iron ore has increased by more than 25% from Q4 2015 to Q3 2016.
Nickel prices have seen a bit of a run in the late half of Q2 and early part of Q3 before seeing a slight pull back.
How long will lower for longer last?
Gold proves it unpredictability with a strong recovery in the first half to Q3 followed by some recent short term volatility.
Questions continue to remain about demand from China, which has kept downward pressure on nickel prices and will likely continue to do so for the near future.
We saw companies in the platinum industry writing down assets to account for the expected slower recovery of the platinum prices and the reduction in supply.
In the short term, the increase in low-cost production in Australia and Brazil will continue to put pressure on the price of iron ore as it outstrips the increase in demand.
After commencing the year at a 6-year low, it appears that copper prices have hit a floor. A weaker US dollar, supply disruptions and opportunistic restocking by China have all contributed to improved investor sentiment.
Uranium: The required signals are not there (yet!)