The metals market is showing sharp contrasts in performance. Some metals are correcting in the short term. Others are posting massive yearly gains. The latest data at 18:34 highlights strong year on year growth in precious metals and lithium, while steel and iron ore remain under pressure.
Gold and Silver percentage performance
Gold is trading at 5153.30 USD per troy ounce. It is down 1.42 percent for the day. Despite the daily drop, gold is up 5.60 percent weekly and 2.82 percent monthly. Year to date it has gained 19.28 percent. On a yearly basis it has surged 76.56 percent. This shows strong long term momentum.
Silver is priced at 87.966 USD per troy ounce. It slipped 0.25 percent today. However weekly gains stand at 19.14 percent. Year to date it is up 22.95 percent. The biggest number stands out in yearly data. Silver has jumped 175.75 percent year on year. This makes it one of the strongest performing metals in the market.
Platinum is trading at 2203.50 USD per troy ounce. It gained 2.36 percent today. Weekly growth is 8.64 percent. Even though it is down 23.81 percent monthly, it is up 5.93 percent year to date and 126.89 percent compared to last year.
Copper and Lithium percentage trends
Copper stands at 5.8923 USD per pound. It is up 1.93 percent today. Weekly gains are 4.20 percent. Year to date growth is 3.47 percent. On a yearly basis copper has increased 26.20 percent. The data shows steady industrial demand.
Lithium is priced at 152000 CNY per ton. It jumped 5.74 percent today. Year to date it has surged 28.27 percent. On a yearly basis lithium is up 100.26 percent. Despite a monthly decline of 16.25 percent, the long term numbers remain very strong.
Steel and Iron Ore under pressure in percentage terms
Steel is trading at 3029.00 CNY per ton. It fell 0.88 percent today. It is down 2.16 percent year to date and 6.11 percent year on year.
HRC Steel stands at 992.09 USD per ton. It gained 0.31 percent today. Year to date growth is 6.11 percent. Yearly gain is 9.38 percent.
Iron Ore in CNY is at 740.50 per ton. It dropped 0.74 percent today. It is down 6.21 percent year to date and 9.25 percent year on year.
Iron Ore in USD is trading at 99.27 per ton. It slipped 0.06 percent today. Year to date it is down 7.34 percent. Yearly losses stand at 7.39 percent.
Silicon is priced at 8330.00 CNY per ton. It shows a 20.74 percent yearly decline.
Scrap Steel trades at 374.00 USD per ton. It is up 2.33 percent year to date and 4.18 percent year on year.
Titanium stands at 45.50 CNY per kg. It is down 1.09 percent both year to date and year on year.
The metals market right now is driven by strong gains in precious metals and battery materials like lithium. At the same time steel and iron ore continue to show weakness. The percentage data clearly shows where investor momentum is strongest.
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