Metals are on fire this year. Precious metals are leading the charge. Industrial metals are mixed. Some are rising fast. Others are still under pressure. Here is a clear look at the latest data.
Gold price and silver price rally
Gold is trading at 5187.17 USD per troy ounce. It is up 0.92% today. It has gained 4.22% this week. In 1 month it is up 3.50%. Year to date it has climbed 20.06%. On a yearly basis it has surged 77.66%.
This is a strong performance. The yearly gain shows how powerful the gold rally has been. Investors are clearly moving toward safe haven assets.
Silver is at 90.820 USD per troy ounce. It is up 4.26% today. It has jumped 17.01% this week. Despite that, it is down 12.61% over 1 month. Year to date it is up 27.42%. On a yearly basis it has skyrocketed 184.80%.
Silver is far more volatile than gold. The yearly gain of 184.80% is massive. This makes silver one of the best performing metals in the market.
Platinum is trading at 2357.70 USD per troy ounce. It is up 7.79% today. It has gained 11.34% this week. But it is down 18.26% in 1 month. Year to date it is up 13.65%. On a yearly basis it has surged 142.61%.
Precious metals are clearly leading in yearly returns. Gold, silver, and platinum are all showing strong YTD growth.
Copper price and steel market trend
Copper is priced at 5.9782 USD per pound. It is up 0.80% today. It has gained 2.94% this week. Over 1 month it is down 0.78%. Year to date it is up 5.13%. On a yearly basis it has risen 31.75%.
Copper remains steady. The yearly gain above 30% shows solid industrial demand.
Steel in China is trading at 3073.00 CNY per ton. It is up 1.32% today. Weekly it is also up 1.32%. But it is down 1.60% in 1 month. Year to date it is down 0.74%. On a yearly basis it has fallen 5.71%.
HRC Steel is at 1000.98 USD per ton. It is up 0.70% today. It has gained 3.62% in 1 month. Year to date it is up 7.06%. On a yearly basis it has climbed 10.36%.
Scrap Steel stands at 374.00 USD per ton. It is flat today. Year to date it is up 2.33%. On a yearly basis it has gained 4.76%.
Steel markets are mixed. Global prices are stable. China prices are still weak compared to last year.
Lithium price, iron ore and battery metals outlook
Lithium is trading at 161750 CNY per ton. It is up 6.41% today. It is down 10.88% over 1 month. Year to date it has jumped 36.50%. On a yearly basis it has surged 113.53%.
This shows strong recovery in battery metals. The yearly gain above 100% is significant.
Iron Ore in China is priced at 752.50 CNY per ton. It is up 1.62% today. But it is down 4.63% in 1 month. Year to date it is down 4.69%. On a yearly basis it has fallen 6.81%.
Iron Ore in USD is trading at 99.15 USD per ton. It is down 0.12% today. It has dropped 7.45% year to date. On a yearly basis it is down 7.48%.
Silicon is at 8360.00 CNY per ton. It is up 0.36% today. But it is down 19.85% YoY. This shows continued weakness.
Titanium is priced at 45.50 CNY per kg. It is flat across daily, weekly, and monthly data. Year to date it is down 1.09%. On a yearly basis it is also down 1.09%.
Overall the data shows a strong bull run in precious metals like gold and silver. Lithium is also bouncing back sharply. But iron ore and some industrial metals remain under pressure. The metals market is clearly divided between safe haven demand and slower industrial recovery.
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