Metal markets show mixed signals. Some metals are cooling in the short term. But yearly numbers remain very strong.
Gold falls 1.07 percent daily but holds 38 percent YoY gain
Gold is at 4546.99 USD per troy ounce. It dropped 1.07% in a day. Weekly fall is 4.04%. Monthly growth is 0.73%. Year to date gain is 5.28%. Year on year rise is 38.97%.
Silver is at 72.236 USD. It fell 1.10% in a day. Weekly drop is 7.11%. But monthly growth is 3.03%. YTD gain is 1.25%. YoY surge is 121.21%. This is one of the biggest gains in the market.
Platinum is at 1907.80 USD. It declined 2.60% in a day. Weekly fall is 8.58%. YTD it is down 7.78%. But YoY growth is still 98.41%.
Lithium rises 47 percent YTD while copper gains 29 percent YoY
Lithium is at 174500 CNY. It stayed flat in a day. Weekly growth is 2.05%. Monthly rise is 6.08%. YTD jump is 47.26%. YoY growth is a massive 156.81%.
Copper is at 5.9257 USD per pound. It gained 0.14% in a day. Monthly growth is 8.09%. YTD rise is 4.17%. YoY gain is 29.39%.
Cobalt hydroxide is at 56702.83 USD. It is flat daily. YTD it is down 1.38%. But YoY growth is 96.04%.
Silicon is at 8590 CNY. It rose 0.94% in a day. Monthly growth is 1.90%. YTD is slightly negative at -2.11%.
Titanium is at 48 CNY. It is flat daily. Monthly growth is 3.23%. YTD rise is 4.35%. But YoY it is down 4.95%.
Steel and iron ore stay stable with moderate gains
Steel is at 3152 CNY. It gained 0.38% in a day. Weekly rise is 0.86%. YTD growth is 1.81%. YoY gain is 3.28%.
HRC steel is at 1106.10 USD. It fell 0.17% in a day. Monthly growth is 4.05%. YTD jump is 18.30%. YoY rise is 27.72%.
Iron ore is at 107.12 USD. It is almost flat daily. Monthly growth is 0.75%. YTD is flat at -0.01%. YoY gain is 7.27%.
Iron ore in CNY is at 787.50. It gained 0.90% in a day. Monthly drop is 3.14%. YTD is slightly negative at -0.25%. YoY growth is 11.94%.
Scrap steel is at 423 USD. It gained 1.20% in a day. Monthly growth is 2.67%. YTD rise is 15.73%. YoY gain is 19.15%.
Overall, precious metals are weak in the short term. Industrial metals show steady demand. Battery metals like lithium remain the top performers with very high yearly gains.