Metals are showing mixed movement today. Prices are slightly down in the short term. But the bigger trend still shows strong growth across key metals.
Gold is trading at 4779.46 USD per troy ounce. It fell 0.86% today. Weekly loss stands at 1.35%. But monthly growth is strong at 8.36%. Gold is up 10.58% this year and 43.17% yearly.
Silver is priced at 78.83 USD per troy ounce. It dropped 1.09% today. Weekly loss is 0.95%. But monthly gain is high at 13.87%. Silver has surged 10.46% this year and a massive 142.13% yearly.
Gold and silver prices dip short term but hold 43% and 142% yearly gains
Platinum is trading at 2087.50 USD per troy ounce. It is almost flat today. Weekly trend is slightly negative. But monthly growth is strong at 12.17%. Platinum has gained 0.99% this year and 121.33% yearly.
Copper is at 6.03 USD per pound. It slipped 0.03% today. Weekly loss is 0.38%. But monthly growth is solid at 11.17%. Copper has gained 6.43% this year and 23.91% yearly.
These numbers show that metals are still strong despite short term dips. Demand remains steady in both investment and industrial sectors.
Lithium surges 45.15% YTD while copper and iron ore show mixed trends
Lithium is one of the top gainers. It is priced at 172000 CNY per ton. It slipped 0.29% today. But weekly growth is 6.50%. Monthly gain is very strong at 17.41%. Lithium has surged 45.15% this year and 144.32% yearly.
Iron ore in China is at 784 CNY per ton. It fell 0.32% today. It is down 0.70% this year but up 9.96% yearly.
Global iron ore is trading at 107.09 USD per ton. It gained 0.22% today. Year to date change is flat. Yearly growth is 7.18%.
Silicon is at 8550 CNY per ton. It slipped 0.35% today. It is down 2.56% this year and 4.26% yearly.
Steel and scrap rise while HRC steel gains 17.98% YTD
Steel in China is priced at 3133 CNY per ton. It fell 0.16% today. Growth remains low at 1.20% this year and 3.84% yearly.
HRC steel is at 1106.05 USD per ton. It gained 0.37% today. Monthly growth is 5.26%. It has risen 17.98% this year and 17.35% yearly.
Scrap steel is trading at 409.50 USD per ton. It jumped 1.36% today. It has gained 12.04% this year and 14.71% yearly.
Titanium is priced at 48 CNY per kg. It is stable today. It has gained 4.35% this year but is down 3.03% yearly.
Overall, metals market shows short term weakness in gold and silver. But strong yearly gains in silver, lithium, and platinum continue to dominate the trend.