Gross Fixed Capital Formation in Palestine increased to 989.50 USD million in the third quarter of 2019 from 988.80 USD million in the second quarter of 2019. Gross Fixed Capital Formation in Palestine averaged 571.62 USD million from 2011 until 2019, reaching an all time high of 989.50 USD million in the third quarter of 2019 and a record low of 365.60 USD million in the third quarter of 2014. This page provides - Palestine Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Palestine was last recorded at 2465.10 US dollars in 2005, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Palestine, when adjusted by Purchasing Power Parity is equivalent to 14 percent of the world's average. GDP per capita PPP in Palestine averaged 2485.65 USD from 1994 until 2005, reaching an all time high of 3041.80 USD in 1999 and a record low of 2105.52 USD in 2002. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Palestine GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Palestine recorded a government debt equivalent to 16.20 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Palestine averaged 18.78 percent from 1995 until 2018, reaching an all time high of 26.36 percent in 2007 and a record low of 2.93 percent in 1995. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Palestine Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Palestine decreased to 24 percent in the fourth quarter of 2019 from 24.60 percent in the third quarter of 2019. Unemployment Rate in Palestine averaged 23.78 percent from 1995 until 2019, reaching an all time high of 35.60 percent in the third quarter of 2002 and a record low of 8.80 percent in the second quarter of 2000. In Palestine, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Palestine Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Palestine decreased to 329600 in the fourth quarter of 2019 from 334100 in the third quarter of 2019. Unemployed Persons in Palestine averaged 317833.33 from 2010 until 2019, reaching an all time high of 445800 in the third quarter of 2018 and a record low of 195500 in the second quarter of 2011. This page provides - Palestine Unemployed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Palestine increased to 439.60 USD Million in the third quarter of 2019 from 435 USD Million in the second quarter of 2019. GDP From Manufacturing in Palestine averaged 294.39 USD Million from 2000 until 2019, reaching an all time high of 463.40 USD Million in the third quarter of 2018 and a record low of 140.50 USD Million in the second quarter of 2002. This page provides - Palestine Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Palestine increased to 269.90 USD Million in the third quarter of 2019 from 254.30 USD Million in the second quarter of 2019. GDP From Agriculture in Palestine averaged 224.51 USD Million from 2000 until 2019, reaching an all time high of 334.90 USD Million in the fourth quarter of 2006 and a record low of 79.30 USD Million in the third quarter of 2002. This page provides - Palestine Gdp From Agriculture, Forestry and Fishing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Construction in Palestine increased to 224.90 USD Million in the third quarter of 2019 from 224.80 USD Million in the second quarter of 2019. GDP From Construction in Palestine averaged 142.84 USD Million from 2000 until 2019, reaching an all time high of 300.80 USD Million in the second quarter of 2013 and a record low of 21.80 USD Million in the second quarter of 2002. This page provides - Palestine Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Palestine decreased to 17.50 USD Million in the third quarter of 2019 from 18.30 USD Million in the second quarter of 2019. GDP From Mining in Palestine averaged 9.73 USD Million from 2000 until 2019, reaching an all time high of 18.50 USD Million in the third quarter of 2011 and a record low of 1.40 USD Million in the first quarter of 2007. This page provides - Palestine Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Transport in Palestine decreased to 58.70 USD Million in the third quarter of 2019 from 60 USD Million in the second quarter of 2019. GDP From Transport in Palestine averaged 50.65 USD Million from 2000 until 2019, reaching an all time high of 79.70 USD Million in the third quarter of 2000 and a record low of 25 USD Million in the first quarter of 2008. This page provides - Palestine Gdp From Transportation and Storage- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Public Administration in Palestine increased to 405 USD Million in the third quarter of 2019 from 379.80 USD Million in the second quarter of 2019. GDP From Public Administration in Palestine averaged 407.38 USD Million from 2000 until 2019, reaching an all time high of 565 USD Million in the second quarter of 2007 and a record low of 157.80 USD Million in the third quarter of 2000. This page provides - Palestine Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Palestine decreased to 748 USD Million in the third quarter of 2019 from 761.60 USD Million in the second quarter of 2019. GDP From Services in Palestine averaged 541.17 USD Million from 2000 until 2019, reaching an all time high of 795.30 USD Million in the fourth quarter of 2018 and a record low of 333 USD Million in the first quarter of 2002. This page provides - Palestine Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Utilities in Palestine decreased to 40.30 USD Million in the third quarter of 2019 from 41.40 USD Million in the second quarter of 2019. GDP From Utilities in Palestine averaged 35.42 USD Million from 2000 until 2019, reaching an all time high of 51 USD Million in the fourth quarter of 2004 and a record low of 12.40 USD Million in the fourth quarter of 2000. This page provides - Palestine Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Palestine increased 0.18 percent in December of 2019 over the previous month. Industrial Production Mom in Palestine averaged 0.48 percent from 2012 until 2019, reaching an all time high of 21.33 percent in December of 2014 and a record low of -26.54 percent in January of 2015. This page provides - Palestine Industrial Production MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Palestine was worth 15 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Palestine represents 0.01 percent of the world economy. GDP in Palestine averaged 4.29 USD Billion from 1970 until 2019, reaching an all time high of 15 USD Billion in 2019 and a record low of 0.18 USD Billion in 1970. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Palestine GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourist Arrivals in Palestine increased to 3093 Thousand in 2018 from 2919 Thousand in 2017. Tourist Arrivals in Palestine averaged 1469.43 Thousand from 1996 until 2018, reaching an all time high of 3093 Thousand in 2018 and a record low of 33 Thousand in 2002. This page provides - Palestine Tourist Arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Building Permits in Palestine increased to 2654 in the fourth quarter of 2019 from 2205 in the third quarter of 2019. Building Permits in Palestine averaged 2435.20 from 2015 until 2019, reaching an all time high of 3232 in the first quarter of 2016 and a record low of 1970 in the first quarter of 2015. This page provides - Palestine Building Permits- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Palestine was estimated at 5.0 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1990, Palestine had a population of 2.0 million people. The population of Palestine represents 0.06 percent of the world´s total population which arguably means that one person in every 1735 people on the planet is a resident of Palestine. This page provides - Palestine Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Palestine decreased to 97.93 points in January from 98.33 points in December of 2019. Producer Prices in Palestine averaged 94.54 points from 1996 until 2020, reaching an all time high of 106.11 points in July of 2018 and a record low of 54.70 points in December of 1996. This page provides - Palestine Producer Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Palestine decreased 2.10 percent in January of 2020 over the same month in the previous year. Producer Prices Change in Palestine averaged 1.35 percent from 2012 until 2020, reaching an all time high of 6.70 percent in September of 2012 and a record low of -4.60 percent in July of 2019. Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - Palestine Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Palestine recorded a Government Budget surplus equal to 1.30 percent of the country's Gross Domestic Product in 2018. Government Budget in Palestine averaged -0.71 percent of GDP from 1999 until 2018, reaching an all time high of 4.30 percent of GDP in 2008 and a record low of -8.20 percent of GDP in 2002. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Palestine Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Palestine contracted 1.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Palestine averaged 3.72 percent from 2001 until 2019, reaching an all time high of 26.03 percent in the third quarter of 2003 and a record low of -21.59 percent in the fourth quarter of 2006. The Palestinian territories (West Bank and Gaza) have been occupied by Israel since the Six-Day war in 1967. As such, Palestinian economy is dependent on Israel as it controls the movement of goods and labour and retains customs revenues. As a result, production capacity and access to natural resources has been significantly reduced and services are by far the most important sector of the economy accounting for nearly 83 percent of GDP. Palestine remains heavily dependent on foreign aid to support the government’s budget and fund infrastructure development. This page provides the latest reported value for - Palestine GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Constant Prices in Palestine increased to 4016.40 USD Million in the fourth quarter of 2019 from 3915.30 USD Million in the third quarter of 2019. GDP Constant Prices in Palestine averaged 2126.56 USD Million from 2000 until 2019, reaching an all time high of 4089.70 USD Million in the fourth quarter of 2018 and a record low of 778.50 USD Million in the second quarter of 2002. This page provides - Palestine Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Palestine was recorded at 1.11 percent in March of 2020. Inflation Rate in Palestine averaged 3.12 percent from 1998 until 2020, reaching an all time high of 15.08 percent in July of 2008 and a record low of -2.11 percent in March of 2018. In Palestine, the most important categories in the consumer price index are food and non-alcoholic beverages (35 percent of the total weight); transport (14 percent) and miscellaneous goods and services (12 percent). The index also includes: housing, water, electricity, gas and other fuels (9 percent); clothing, footwear (5 percent); alcoholic beverages and tobacco (4 percent); health (4 percent); communication (3.5 percent); education (3.4 percent); recreation and culture (2 percent) and restaurants and hotels (2.0 percent). . This page provides the latest reported value for - Palestine Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index Cpi in Palestine decreased to 101.26 points in February from 101.33 points in January of 2020. Consumer Price Index Cpi in Palestine averaged 102.64 points from 2007 until 2020, reaching an all time high of 112.55 points in March of 2017 and a record low of 83.30 points in May of 2007. This page provides - Palestine Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Palestine decreased to 98.82 points in February of 2020 from 99.32 points in January of 2020. CPI Transportation in Palestine averaged 101.39 points from 2007 until 2020, reaching an all time high of 108.30 points in September of 2012 and a record low of 88.80 points in April of 2007. This page provides - Palestine Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Palestine recorded a trade deficit of 389.10 USD Million in January of 2020. Balance of Trade in Palestine averaged -263.99 USD Million from 2001 until 2020, reaching an all time high of -66.79 USD Million in April of 2002 and a record low of -429.10 USD Million in March of 2011. Palestine reports chronic trade deficits due to the territories' inability to access key resources and because of the mobility restrictions imposed by Israel. Palestine mainly exports cement, base metals, iron and steel, food and beverages, furniture, plastics and dairy products. Palestine mainly imports oil, food, vegetables, machinery, metals, vehicles, chemicals, livestock, beverages and salt. Palestine's main trading partner is Israel (accounting for around 74 percent of total trade). Other trading partners include China, Turkey, Germany, Italy and France. . This page provides the latest reported value for - Palestine Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports in Palestine decreased to 84.80 USD Million in January from 110.60 USD Million in December of 2019. Exports in Palestine averaged 53.70 USD Million from 2001 until 2020, reaching an all time high of 110.60 USD Million in December of 2019 and a record low of 15.92 USD Million in April of 2002. Palestine mainly exports cement, base metals, iron and steel, food and beverages, furniture, plastics and dairy products. Palestine's main exports partner is Israel (over 80 percent of total exports). Other export partners include Jordan, the United Arab Emirates, Algeria, Egypt, Saudi Arabia, the Netherlands, Germany, and Canada. . This page provides the latest reported value for - Palestine Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Palestine decreased to 473.90 USD Million in January from 509.90 USD Million in December of 2019. Imports in Palestine averaged 317.47 USD Million from 2001 until 2020, reaching an all time high of 509.90 USD Million in December of 2019 and a record low of 82.71 USD Million in April of 2002. Palestine mainly imports oil, food, vegetables, machinery, metals, vehicles, chemicals, livestock, beverages and salt. Palestine's main imports partner is Israel (over 70 percent of total imports). Other imports partners include China, Turkey, Germany, Italy, France and the United States. . This page provides the latest reported value for - Palestine Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Palestine thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Palestine as reported by major credit rating agencies.

Palestine recorded 375 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Palestine reported 2 Coronavirus Deaths. This page includes a chart with historical data for Palestine Coronavirus Cases.

Palestine recorded 2 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Palestine reported 375 Coronavirus Cases. This page includes a chart with historical data for Palestine Coronavirus Deaths.

Palestine recorded 228 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Palestine reported 2 Coronavirus Deaths. This page includes a chart with historical data for Palestine Coronavirus Recovered.

CRB Index decreased 64.19 points or 32.65% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, CRB Commodity Index reached an all time high of 470.17 in July of 2008. Thomson Reuters/CoreCommodity CRB Index is calculated using arithmetic average of commodity futures prices with monthly rebalancing. The index consists of 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, RBOB Gasoline, Silver, Soybeans, Sugar and Wheat. Those commodities are sorted into 4 groups, with different weightings: Energy: 39%, Agriculture: 41%, Precious Metals: 7%, Base/Industrial Metals: 13%.

US WTI crude rose 5% to settle at $24.74 per barrel on Friday in its first back-to-back gain since February as US producers cut output with the number of drilling rigs dropping to an all-time low of 374 this week, and amid renewed hopes of a recovery in global fuel demand as more countries plan to ease lockdown restrictions. On Wednesday, the US Energy Information Administration's weekly report showed 15 weeks of successive rises in crude stocks, still the rate of growth in inventories has slowed since a record 19 million barrels in early April. Historically, Crude oil reached an all time high of 147.27 in July of 2008. The West Texas Intermediate (WTI) benchmark for US crude is the world's most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

Aluminum decreased 319.50 USD/Tonne or 17.71% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Aluminum reached an all time high of 3271.25 in July of 2008. Aluminum futures are mostly traded on the London Metal Exchange (LME), the New York Mercantile Exchange (COMEX) and the Shanghai Futures Exchange. The standard future contract size is 5 tons. Aluminum is used widely in aerospace applications, packaging, automobiles and railroad cars and as a construction material. The biggest producers of aluminum are: The Aluminum Corporation of China (Chalco), Alcoa and Alumina Ltd, Rio Tinto from Australia, UC Rusal of Russia, Xinfa from China, Norsk Hydro ASA from Norway and South 32 from Australia. China accounts for nearly 60 percent of global aluminum output. The biggest resources of bauxites, the raw material for aluminum are located in Australia, China and Guinea. The Aluminum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our aluminum prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. .

The Baltic Dry Index, which measures the cost of shipping goods around the world, dropped to its lowest level in over two months, due to falling demand for panamax and capesize segment vessels. The full impact of COVID-19 on supply chains is still unknown, with business leaders expecting problems to remain even as countries start to reopen their economies. In April, the index was able to increase above 700 points for the first time in three months, amid a gradual restart of industrial activity in China, whose demand accounts for almost 40% of total dry seaborne imports. Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index, tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities. The Baltic Dry Index is not restricted to Baltic Sea countries or to a few commodities like crude oil. Instead, the Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities.

Bitumen decreased 1,020 CNY/T or 33.18% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Bitumen reached an all time high of 3934 in March of 2019. Bitumen, also known as asphalt is a black, sticky, and highly viscous liquid or semi-solid form of petroleum. The most common use is in the road construction and waterproofing products. The contract size is 10 tons/lot. The 70# Class-A road bitumen is widely traded on the Shanghai Futures Exchange.

Brent crude settled at $30.97 a barrel on Friday in its second consecutive week of gains, after data showed producers in the number of oil and natural gas rigs in the US fell to a record low of 374 this week. Hopes for a recovery in fuel demand as more countries including Australia moved ahead with plans to gradually lift coronavirus-related lockdown measures also supported prices. Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

S&P GSCI decreased 1,242.04 points or 47.92% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, GSCI Commodity Index reached an all time high of 9993.62 in June of 2008. The S&P GSCI® is a composite index of commodity sector returns representing an unleveraged, long-only investment in commodity futures that is broadly diversified across the spectrum of commodities. The index consists of 24 commodities from all commodity sectors - energy products, industrial metals, agricultural products, livestock products and precious metals but its exposure to energy sector is much higher than other commodity price indices.

Heating oil decreased 1.13 USD/GAL or 55.53% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Heating oil reached an all time high of 4.16 in July of 2008. Heating oil, also known as No. 2 fuel oil, accounts for about 25% of the yield of a barrel of crude, the second largest "cut" after gasoline. The heating oil futures contract trades in units of 42,000 gallons (1,000 barrels) and is based on delivery in New York harbor, the principal cash market trading center. The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to NYMEX Division New York harbor heating oil futures. The Heating Oil market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

Iron Ore decreased 8.50 USD/MT or 9.24% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore reached an all time high of 200 in November of 2007. Iron ore prices refer to Iron Ore Fine China Import 63.5 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and other construction projects. The biggest producers of iron ore are China, Australia and Brazil. Others include India, Russia, Ukraine and South Africa.

Orange Juice increased 25.65 USd/Lbs or 27.04% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Orange Juice reached an all time high of 235 in November of 2016. The biggest producers of orange juice are: Brazil, US, European Union, China and Mexico. 85 percent of the world market is divided between Florida and São Paulo. While Brazil exports 99 percent of its production, 90 percent of Florida’s production is consumed in the US. Orange juice is traded in the form of frozen concentrated orange juice to reduce the volume used.

Live Cattle decreased 30.57 USd/Lbs or 24.35% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Live Cattle reached an all time high of 171.98 in October of 2014. The Live Cattle market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Live Cattle market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

LME Index decreased 450.50 points or 15.84% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, LME Index reached an all time high of 4556.60 in May of 2007. London Metal Exchange Index consists of 6 metals with the following weights: aluminim (42.8%), copper (31.2%), zinc (14.8%), lead (8.2%), nickel (2%) and tin (1%). Weightings of the six metals are derived from global production volume and trade liquidity averaged over the preceding five-year period. The index value is calculated as the sum of the prices for the three qualifying months multiplied by the corresponding weights, multiplied by a constant.

Lithium continued the downtrend to a fresh record low on a spot price basis in May, trading below 44,000 yuan per tonne as demand remained subdued in China’s lithium market even after the country’s authorities allowed the domestic business to return to work. Still, demand for lithium is expected to pick-up in the second half of 2020 due to the continued widespread adoption of electric vehicles. On the supply side, forecast that new supply from Argentina, Australia, and Chile, could add 500,000 tonnes of lithium to the market per year by 2025. Lithium reached an all time high of 171000 yuan per metric tonne in October of 2017, according to spot prices for lithium carbonate traded in China. Trading Economics provides Lithium pricing based on spot prices for Lithium Carbonate, 99.5% Li2CO3 min, battery grade, traded in China. Lithium is a silver-white light metal. Lithium hydroxide is used in batteries for electrical vehicles and mobile phones. Lithium hydroxide is produced from a chemical reaction between lithium carbonate and calcium hydroxide. The biggest lithium producers are Australia, Chile, Argentina and China . The largest lithium importers are China, Japan, South Korea and the United States.

Milk decreased 5.51 USD/CWT or 32.30% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Milk reached an all time high of 24.59 in September of 2014. Class III milk represents cow's milk used mainly to make cheddar cheese. One contract contains 200,000 lbs of class III milk. The Milk prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

Neodymium decreased 8,500 CNY/MT or 2.35% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Neodymium reached an all time high of 715000 in June of 2012. Neodymium is the strongest permanent magnet material yet discovered. It is widely used in microphones, professional loudspeakers, headphones, computer hard disks, electric motors and generators. It is a rare-earth mineral mostly extracted in China, the United States, Brazil, India, Sri Lanka, and Australia.

Nickel decreased 1,825.75 USD/MT or 13.09% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel futures are available for trading in The London Metal Exchange (LME). The standard contact has a weight of 6 tonnes. Nickel is mainly used in the production of stainless steel and other alloys and can be found in food preparation equipment, mobile phones, medical equipment, transport, buildings, power generation. The biggest producers of nickel are Philippines, Russia, Canada, New Caledonia, Australia, Indonesia, Brazil, Cuba and Colombia. The nickel prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our nickel prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. .

Palladium decreased 57.03 USD/t oz. or 2.94% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palladium reached an all time high of 2875.50 in February of 2020. Palladium is a soft silver-white metal used mostly in the production of catalytic converters for petrol cars, electronics, dentistry, medicine, hydrogen purification, chemical applications, groundwater treatment and jewelry. The biggest producers of palladium are by far Russia and South Africa (70-80% of world output) followed by United States, Canada and Zimbabwe. Palladium Futures are available for trading in London Platinum and Palladium Market and on the New York Mercantile Exchange. The standard contact weights 100 troy ounces. .