Global price of Metal index
This dataset tracks global price of metal index over time.
Latest Value
180.63
Year-over-Year Change
-3.82%
Date Range
1/1/1992 - 6/1/2025
Summary
The Global Price of Metal Index tracks the average price of a basket of major industrial and precious metals globally. This metric is a key indicator of industrial production and economic activity worldwide.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global Price of Metal Index is a composite index that measures the average market price of a group of major metals, including copper, aluminum, iron ore, and gold. It provides a broad overview of global metal price trends, which are closely tied to the health of the industrial and manufacturing sectors.
Methodology
The index is calculated based on daily spot prices for the included metals, weighted by their relative production volumes.
Historical Context
This index is closely monitored by economists, policymakers, and investors to gauge the strength of the global economy and industrial activity.
Key Facts
- The index includes 10 major metals, accounting for over 75% of global metal production.
- Metal prices are a leading indicator of economic growth, as they reflect demand from manufacturing and construction.
- The index reached an all-time high in 2022 amid supply chain disruptions and strong post-pandemic recovery.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Metal Index tracks the average market price of a basket of major industrial and precious metals globally.
Q: Why is this trend relevant for users or analysts?
A: Metal prices are closely tied to the health of the industrial and manufacturing sectors, making this index a key indicator of global economic activity.
Q: How is this data collected or calculated?
A: The index is calculated based on daily spot prices for the included metals, weighted by their relative production volumes.
Q: How is this trend used in economic policy?
A: This index is closely monitored by economists, policymakers, and investors to gauge the strength of the global economy and industrial activity.
Q: Are there update delays or limitations?
A: The index is updated daily and provides a timely reflection of global metal price trends, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Global Price of Metal Index (PMETAINDEXM), retrieved from FRED.