The metals market is showing mixed signals right now. Some metals are steady. Some are correcting. But yearly growth across key metals remains very strong. Precious and industrial metals are both active.
Gold and silver prices show strong yearly growth
Gold is trading at 5014.05 USD per troy ounce. It gained 7.2 in a day. That is a 0.14 percent rise. Weekly trend is slightly weak with a 3.34 percent drop. Monthly growth is small at 0.79 percent. But year to date gains stand at 16.11 percent. Yearly growth is very strong at 65.45 percent.
Silver is at 80.623 USD per troy ounce. It saw a small daily fall of 0.16 percent. Weekly decline is sharper at 8.40 percent. But the bigger picture looks strong. Monthly growth is 4.17 percent. Year to date gains are at 13.44 percent. Yearly growth is massive at 138.06 percent.
Platinum is also moving up. It is priced at 2120.70 USD per troy ounce. It gained 1.23 percent in a day. Despite a weekly drop of 4.60 percent, yearly growth is very high at 110.53 percent.
Copper and steel prices reflect industrial demand trends
Copper is trading at 5.7391 USD per pound. It fell 0.89 percent in a day. Weekly decline is 2.70 percent. Monthly performance is slightly negative at 1.01 percent. But yearly growth remains positive at 15.40 percent.
Steel prices in China are at 3148.00 CNY per ton. It gained 0.13 percent daily. Weekly growth is 1.61 percent. Monthly increase is 3.79 percent. Year to date growth is modest at 1.68 percent. Yearly trend is slightly negative at 1.35 percent.
HRC steel is priced at 1060.04 USD per ton. It gained 0.29 percent daily. Weekly growth is 1.15 percent. Monthly gains are stronger at 7.73 percent. Year to date growth stands at 13.37 percent.
Scrap steel is also rising. It is at 398.00 USD per ton. Weekly growth is 5.01 percent. Monthly increase is 5.99 percent. Year to date gains are at 8.89 percent.
Lithium and iron ore prices continue upward momentum
Lithium is one of the top performers. It is priced at 158000 CNY per ton. It gained 0.96 percent daily. Monthly growth is 3.95 percent. Year to date surge is 33.33 percent. Yearly growth is very high at 110.53 percent.
Iron ore in China is at 816.50 CNY per ton. It gained 0.93 percent daily. Weekly growth is 4.15 percent. Monthly increase stands at 10.26 percent. Yearly growth is 6.66 percent.
Global iron ore is at 105.34 USD per ton. It gained 0.19 percent daily. Weekly growth is 2.37 percent. Monthly increase is 5.61 percent. But year to date trend is slightly negative at 1.67 percent.
Silicon is under pressure. It is priced at 8515.00 CNY per ton. It fell 1.39 percent daily. Yearly decline is steep at 14.98 percent.
Titanium remains stable. It is at 46.50 CNY per kg. There is no daily change. Growth across time frames is slow and limited.
The metals market is showing a split trend. Precious metals remain strong in the long term. Industrial metals are reacting to demand shifts. Lithium stands out as a major winner. Overall yearly data shows strong gains despite short term corrections.