Global metals markets witnessed strong momentum as silver, lithium and platinum posted massive yearly gains. Silver prices jumped 6.13% in the latest trading session while lithium remained the biggest yearly gainer with a stunning 202.24% surge compared to last year.
Gold, copper and platinum also traded higher as investors continued to pour money into precious and industrial metals amid strong demand and global economic uncertainty.
Silver and gold prices lead the precious metals rally
Silver prices recorded one of the biggest daily gains in the metals market. The precious metal surged 6.13% to 85.246 USD per troy ounce.
Weekly gains stood at 17.12% while monthly growth crossed 12.75%. Silver also remained one of the top-performing commodities globally with yearly gains reaching 161.49%.
Gold prices also moved higher by 0.43% to 4735.99 USD/t.oz. The precious metal gained 46.19% yearly and remained up 9.54% since the start of 2026.
Platinum witnessed another strong rally with prices climbing 2.85% during the session. The metal posted massive yearly gains of 117.99%.
Lithium and Copper prices surge on industrial demand
Lithium prices continued their explosive rally in the battery metals segment. The commodity rose 0.64% to 195250 CNY/T and recorded a massive 202.24% yearly increase.
Monthly gains for lithium stood at 24.36%, showing continued demand momentum from electric vehicle and battery manufacturing industries.
Copper prices also remained strong after gaining 2.59% to 6.4109 USD/Lbs. The industrial metal surged 39.69% yearly while weekly gains crossed 10%.
Analysts believe strong infrastructure demand and renewable energy investments continue to support copper prices globally.
Steel and Iron ore markets show stable growth
Steel prices remained mostly stable with a small 0.06% increase. Monthly gains reached 5.39% while yearly growth stood at 5.01%.
HRC Steel prices slipped slightly by 0.18% during the session but still remained up 26.73% compared to last year.
Iron ore prices traded mixed across markets. Iron Ore CNY gained 0.98% while Iron Ore USD remained nearly flat with a slight 0.02% decline.
Scrap steel prices rose 0.24% and maintained yearly gains above 23%.
Cobalt and Titanium lag broader metals rally
Cobalt Hydroxide prices showed limited movement with a small 0.06% increase during the latest session. Despite weak monthly and year to date performance, yearly gains still remained extremely high at 98.90%.
Titanium prices stayed unchanged during the session and remained one of the weaker performers in the metals market with yearly losses of 4.95%.
The broader metals market continues to remain highly active as investors track industrial demand, inflation trends, renewable energy growth and global economic conditions.