Global metals prices showed mixed movement in the latest market update. Precious metals remain strong over the long term while some industrial metals recorded small daily declines. Silver and platinum are among the biggest yearly gainers in the metals market. Lithium is also showing a massive surge driven by battery demand.
Gold is currently trading at 5168.75 USD per troy ounce. The metal dropped 0.39 percent during the day after falling by 20.41 USD. Despite the daily dip gold remains strong across longer periods. Weekly gains stand at 0.57 percent. Monthly growth is 4.96 percent. Year to date gold has surged 19.58 percent. The yearly increase is even stronger at 75.83 percent.
Silver prices are showing one of the biggest rallies among precious metals. The metal is trading at 84.883 USD per troy ounce. It declined 3.82 percent during the day after falling 3.369 USD. Despite the drop silver continues to record strong long term growth. Weekly gains stand at 1.27 percent. Monthly gains have reached 11.74 percent. Year to date growth stands at 18.67 percent. The yearly increase has reached a massive 154.15 percent.
Gold and silver prices show strong yearly growth
Gold and silver remain key indicators of investor sentiment in the global metals market. Both metals are showing strong yearly gains despite short term price volatility.
Platinum is trading at 2183.90 USD per troy ounce. The metal dropped 2.26 percent during the day after losing 50.4 USD. Weekly gains stand at 0.94 percent. Monthly growth is 7.55 percent. Year to date platinum has gained 5.04 percent. The yearly rise stands at 118.79 percent which makes it one of the top performing precious metals.
Copper is currently priced at 5.8308 USD per pound. The metal fell 1.24 percent during the day after declining by 0.0732 USD. Weekly performance shows a slight decline of 0.51 percent. Monthly growth is modest at 0.69 percent. Copper has gained 2.52 percent this year and 20.83 percent compared with last year.
Lithium prices jump 112.28% YoY as battery metals rally
Lithium continues to remain one of the most important metals for the electric vehicle industry. The metal is currently trading at 159000 CNY per ton. It gained 500 CNY during the day which equals a 0.32 percent increase. Weekly growth stands at 3.25 percent. Monthly gains have reached 11.58 percent. Lithium prices have surged 34.18 percent this year. Yearly growth stands at a massive 112.28 percent.
Iron ore is also showing stable growth. Iron ore priced in USD is trading at 103.22 USD per ton. The metal gained 0.31 percent during the day after rising by 0.32 USD. Weekly growth stands at 3.67 percent. Monthly gains are 2.61 percent. However year to date performance shows a decline of 3.65 percent. Yearly growth stands at 2.15 percent.
Iron ore priced in CNY is trading at 787.50 CNY per ton. The metal gained 3.50 CNY during the day which equals a 0.45 percent increase. Weekly gains stand at 4.72 percent while monthly growth is 3.35 percent. Year to date performance remains slightly negative at minus 0.25 percent.
Steel and industrial metals show moderate gains
Steel prices in China are currently trading at 3126 CNY per ton. The price gained 28 CNY during the day which equals a 0.90 percent increase. Weekly growth stands at 1.36 percent while monthly gains are 2.83 percent. Year to date growth is modest at 0.97 percent. However yearly performance shows a slight decline of 3.10 percent.
Hot rolled coil steel is priced at 1048.04 USD per ton. The price remained flat during the day. Weekly gains stand at 2.45 percent while monthly growth is 6.83 percent. Year to date growth stands at 12.09 percent. Yearly gains have reached 11.02 percent.
Silicon prices are currently trading at 8585 CNY per ton. The metal fell 0.06 percent during the day. Weekly gains stand at 1.18 percent while monthly growth is 3.87 percent. However silicon prices are down 2.17 percent this year and 14.02 percent compared with last year.
Scrap steel is priced at 379 USD per ton. The price remained unchanged during the day. Weekly growth stands at 0.93 percent while monthly gains are 1.34 percent. Year to date growth is 3.69 percent and yearly gains stand at 2.02 percent.
Titanium is trading at 46.50 CNY per kilogram. The metal gained 1 CNY during the day which equals a 2.20 percent increase. Weekly growth also stands at 2.20 percent. Monthly gains remain at 2.20 percent while yearly performance shows a slight decline of 1.06 percent.
The latest metals data shows strong long term gains across several commodities. Precious metals like silver and platinum are leading yearly growth while lithium continues to benefit from strong demand in the electric vehicle sector. Industrial metals such as copper and steel are showing slower but stable movement in the global commodities market.