The metals market is showing mixed signals today. Some prices are falling. Others are rising fast. The data clearly shows strong long term growth in key metals.
Gold is at 4569.12 USD per troy ounce. It dropped 0.94% today. Weekly fall is 2.50%. Monthly decline is 1.83%. But it is still up 5.70% this year. Yearly growth stands at 36.93%. This shows gold is still strong in the long run.
Silver is also down today. It fell 1.68%. Weekly drop is 2.30%. But monthly growth is 1.43%. It is up 3.49% this year. The biggest number is the yearly surge of 126.85%. That is massive growth.
Copper slipped 0.75% today. Weekly decline is 2.27%. But monthly growth is strong at 5.39%. It is up 26.58% over the year. This shows steady demand.
Gold, silver, and copper prices show short-term weakness but strong yearly growth
Platinum is down 1.57% today. Weekly drop is 1.15%. Monthly change is slightly negative at 0.15%. It is down 4.61% this year. But yearly growth is very high at 106.10%.
Cobalt hydroxide saw a sharp fall of 2.44% today. Weekly decline is 0.47%. Monthly drop is 0.78%. It is down 1.84% this year. But yearly gain is still strong at 100.85%.
These numbers show one thing. Short term pressure is there. But long term growth is still solid in precious and industrial metals.
Lithium steel iron ore prices rise with steady gains across markets
Lithium is one of the biggest movers. It gained 1.43% today. Weekly growth is 2.31%. Monthly jump is 8.59%. Year to date growth is 49.37%. Yearly surge is huge at 163.79%. This reflects strong demand from batteries and electric vehicles.
Steel prices are also rising. It gained 1.59% today. Weekly growth is 1.91%. Monthly increase is 2.24%. Yearly growth is 3.90%.
Iron ore in CNY is up 1.08% today. Weekly gain is 1.60%. But monthly drop is 1.49%. Yearly growth stands at 11.56%.
Iron ore in USD gained 0.63% today. Weekly growth is 0.71%. Monthly rise is 0.38%. Yearly gain is 9.85%.
Industrial metals show mixed moves with HRC steel up 19.37% YTD
HRC steel fell 1.41% today. But weekly growth is still positive at 0.10%. Monthly gain is 3.34%. Year to date growth is strong at 19.37%. Yearly rise is 27.55%.
Scrap steel is also moving up. It gained 0.12% today. Weekly growth is 2.53%. Monthly rise is 1.55%. Yearly gain is 25.55%.
Silicon is flat today with 0.00% change. But monthly growth is 3.56%. Yearly gain is 2.08%.
Titanium is also flat today. Monthly growth is 3.23%. But yearly change shows a drop of 4.95%.
Overall, metals are not moving in one direction. Precious metals are seeing short term pressure. Industrial metals are more stable. Lithium stands out with very high growth numbers. The data clearly shows strong long term demand across key sectors.