Metal markets are showing strong momentum. Precious metals are leading the rally. Industrial metals are also gaining but at a slower pace. Some segments are still weak in the short term. The data shows clear winners in both yearly and monthly trends.
Gold rises 43.09% YoY as silver surges 130.99%
Gold is trading at 4745.51 USD per troy ounce. It gained 0.53% in a day. Monthly growth stands at 7.65%. The year to date rise is 9.85%. Yearly performance is strong at 43.09%.
Silver is the top performer. Price is 77.774 USD per troy ounce. It jumped 1.53% in a day. Monthly growth is 12.36%. Year to date rise is 9.00%. The biggest highlight is the 130.99% yearly surge.
Platinum is also strong. It is trading at 2095.20 USD per troy ounce. Daily gain is 2.67%. Monthly growth is 12.17%. Yearly rise stands at 115.98%.
These numbers show strong investor demand in precious metals.
Lithium jumps 44.30% YTD while copper gains 25.18% YoY
Lithium is one of the biggest gainers. Price stands at 171000 CNY per ton. Monthly growth is 16.72%. Year to date surge is 44.30%. Yearly rise is massive at 144.46%.
Copper is trading at 6.0429 USD per pound. It gained 0.69% in a day. Monthly growth is 11.07%. Yearly increase is 25.18%.
Cobalt hydroxide is at 56713.85 USD per metric ton. Yearly growth stands at 101.53%. But short term movement is flat.
These metals are driven by strong demand from electric vehicles and infrastructure.
Steel and iron ore show mixed trend with slow growth
Steel prices are at 3129.00 CNY per ton. It fell 0.29% in a day. Monthly trend is slightly negative at 0.48%. Yearly growth is modest at 3.71%.
HRC steel is trading at 1108.91 USD per ton. Monthly gain is 5.81%. Year to date growth is 18.60%. Yearly rise stands at 17.72%.
Iron ore in USD is at 107.05 per ton. It shows almost flat yearly growth at 7.18%. Iron ore in CNY shows a slight yearly rise of 7.96% but a monthly drop of 3.97%.
Scrap steel is at 411.50 USD per ton. It gained 12.59% this year and 15.27% yearly.
Silicon and titanium remain weak. Silicon is down 5.37% yearly. Titanium shows a yearly drop of 3.03%.
Overall, precious metals and battery materials are leading the market. Steel and raw materials are moving slowly. The gap between high growth and low growth metals is clearly visible.