The metals market is showing strong yearly momentum. Precious metals are leading the rally. Industrial metals are mixed. The latest data at 19:26 highlights sharp yearly gains in gold, silver, and platinum.
Gold up 16.26% YTD and 71.18% YoY
Gold is trading at 5048.19 USD per troy ounce. It gained 1.01% today. Monthly growth stands at 3.97%. Year to date it is up 16.26%. On a yearly basis gold has surged 71.18%.
Silver is priced at 80.852 USD per troy ounce. It jumped 4.15% today. Weekly gains are 3.12%. Despite a monthly drop of 13.65%, silver is up 12.83% YTD. The yearly surge is massive at 147.32%.
Platinum is trading at 2138.30 USD per troy ounce. It climbed 3.36% today. Year to date gains are 3.13%. On a yearly basis platinum has soared 118.88%.
Precious metals are clearly outperforming in the long term. The yearly percentages show strong investor demand.
Copper up 27.11% YoY while Lithium gains 21.31% YTD
Copper is trading at 5.7529 USD per pound. It is up 0.25% today. Year to date gains are modest at 1.42%. But year over year copper has risen 27.11%.
Lithium is priced at 143750 CNY per ton. It gained 0.88% today. Weekly growth is 6.88%. Despite a monthly fall of 11.81%, lithium is up 21.31% YTD. Yearly gains stand at 88.52%.
Steel is trading at 3056.00 CNY per ton. It is up 0.53% today. Year to date it is down 1.29%. Yearly losses are 4.68%.
HRC Steel stands at 983.05 USD per ton. It slipped 0.10% today. Year to date it has gained 5.14%. Yearly growth is 9.23%.
Industrial metals are showing selective strength. Copper and lithium are holding strong yearly gains.
Iron Ore down 7.02% YTD as Silicon drops 22.83% YoY
Iron Ore is priced at 99.61 USD per ton. It is down 0.13% today. Year to date losses are 7.02%. Yearly decline stands at 6.91%.
Iron Ore CNY is trading at 746.00 CNY per ton. It fell 2.10% today. Year to date it is down 5.51%. Yearly losses are 6.52%.
Silicon is priced at 8330.00 CNY per ton. It gained 0.79% today. Year to date it is down 5.07%. On a yearly basis it has dropped 22.83%.
Scrap Steel is trading at 373.00 USD per ton. It fell 1.45% today. Year to date gains are 2.05%. Yearly growth stands at 4.04%.
Titanium is at 45.50 CNY per kg. It shows no daily change. Year to date it is down 1.09%.
The metals market shows a clear divide. Precious metals are delivering strong yearly returns. Industrial metals are mixed. Investors are focusing on yearly percentage performance as the main signal of strength.
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