Metal recycling and recovery

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Liepos 6, 2022

Precious metals prices are falling again this week, only palladium has started to gain value. It looks like this could continue for some time to come as inflation continues to rise, the war in Ukraine continues, and the effects of this are increasingly felt in economies (source: Frisby.substack.org). It is difficult to predict how metal prices will change during such a period, but a sudden growth should not be expected. At this stage, it is valuable for investors to buy metals at a lower price.
The price of gold fell to $1,809.41 an ounce. The situation of the yellow metal is quite unique - during periods of economic crises, the metal usually remains stable (source: Goldavenue.com). Demand for it is on the rise, with central banks increasing reserves of the metal (source: Gold.org). China has been the country that consumes the most gold since 2012 - now India takes the first place (source: Heraeus.com). And despite these facts, the price of the metal is still falling and looks like it may fall below the $1,780 an ounce mark (source: Fxstreet.com). But this is not a bad sign, because gold does not lose its value in the long run.
 
The price of silver continues to fall, with the metal currently trading at $20.02 an ounce. This is the lowest price for the metal in the last two years (source: Metalsdaily.com). The demand for the metal is growing, it is used in many areas, so its value will not decrease in the long term (source: Heraeus.com). But during this period, the price of the metal may fall a little more (source: Fxstreet.com).
 
The price of palladium is recovering, with the metal currently trading at $1,949 an ounce. The price of platinum continues to fall, currently trading at $890.53 an ounce. China suddenly started exporting palladium - experts say it is palladium of Russian origin, the Chinese are reselling it because of the sanctions imposed on the Russia (source: Politicallore.com). The United Kingdom has imposed sanctions on Vladimir Potanin, the CEO and major shareholder of Nornickel (the largest palladium producer) – maybe this will affect the price of the metal (source: Heraeus.com). Meanwhile, platinum forecasts are still unclear, but it is said that the metal will not experience difficulties in the long term either (source: Heraeus.com).
During June new car sales in China are up by 28% (source: Uk.finance.yahoo.com).
 


 
The price of copper continues to fall rapidly. It currently costs $7,565.16 a tonne. This is the lowest price of the metal in 1,5 years. The main reason for this is inflation and a slowing economy: this leads to a decrease in the demand for the metal (source: Mining.com). For now, it is difficult to predict whether the price of the metal will recover.