Metal recycling and recovery

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Liepos 27, 2022

It seems that it is a difficult period for precious metals - some metals are still capable to stabilize the price situation somewhat, but others continue to fall. With a strong US dollar and an impending economic crisis, it is difficult to expect any other scenario (source: Uk.finance.yahoo.com). However, for some, the fall in metal prices is a great opportunity to increase their stocks and later make money from it.
The price of gold fell to $1,718.75 an ounce. As the yellow metal falls, demand for it rises, with everyday consumers also seen buying more gold (source: Global.chinadaily.com.cn). Nasdaq.com says that the value of gold will rise when the US dollar weakens. According to Fxleaders.com, the price of the metal will be at the $1,725 an ounce mark for now. However, experts from Goldavenue.com recommend investing in gold now, while its price has fallen and you can earn the most in the future.
 
The price of silver continues to fall, with the metal currently trading at $18.41 an ounce. Fxempire.com says that the price of the white metal is currently in a difficult position. Some experts say that the value of the metal will be in the range of $18-$18.20 an ounce (sources: Fxstreet.com, Investingcube.com). Others believe it is only a matter of time when the metal rises above $19 an ounce again (source: Economies.com). How it will actually be, we will see very soon.
 
The price of palladium is volatile, with the metal currently trading at $2,014.4 an ounce. And the price of platinum has risen, currently at $886 an ounce. It is not yet clear whether the price of palladium will rise to record highs, as it has in the past. This is not only due to sanctions against Russia, but also to a slowdown in car production due to a shortage of semiconductor chips (source: Uk.investing.com). Meanwhile, demand for platinum is on the rise (source: Moneyweb.co.za). According to Mining.com, a new trend is being felt: changing palladium to platinum. Naturally, the value of platinum should continue to rise.
 


 
The price of copper is stabilizing. It is currently priced at $7,491.31 a tonne. Mining.com says that the price of the metal has started to recover as investors have started to invest in riskier assets. The same source says that demand for the metal in the Chinese market should also recover.