Metal recycling and recovery

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Rugpjūčio 25, 2022

Recently, the trends have not changed - the values of all precious metals are decreasing, only copper is increasing. In this unstable period, it is difficult to expect anything else. However, it is believed that metal prices may recover somewhat by the end of the year, but this will be seen in the next few months (source: Metalsdaily.com).
The price of gold fell to $1,735.87 an ounce. And while the value of the yellow metal is falling, the world's central banks have increased their gold reserves by 270 tons this year (source: Egyptindependent.com). Gold sales also increased strongly in China (source: China.org.cn). Argaam.com predicts that gold will end the year at $1,800 an ounce. Experts from Fxstreet.com say that the price of gold will recover next year, it will cost above $1900 an ounce.
 
Silver is very volatile during this period. This week, its price has fallen quite significantly - the metal currently costs $19 an ounce. Investing.com says that it would not be surprising if the price of the white metal falls as low as $17 an ounce. However, experts believe that silver will remain at $20.5 an ounce until the end of the year (source: Fxstreet.com). In the long-term perspective of 5-10 years, the price of silver will continue to rise as demand for it in various manufacturing sectors increases (source: Marketscreener.com).
 
The price of palladium is falling again, with the metal currently trading at $2,005 an ounce. Platinum has also fallen, currently trading at $883 an ounce. The price of palladium will continue to fluctuate for a long time due to many factors, such as sanctions against Russia, disrupted supply chains, and a slowdown of new car production (source: Metalsdaily.com). Meanwhile, platinum's future looks brighter and clearer. For example, there is a growing need for the metal in the production of hydrogen-powered vehicles (source: Miningweekly.com). South Africa's metal production is stalling, so its shortage could push up the price of the metal even more (source: Heraeus.com). Investors are also very interested in platinum (source: Nasdaq.com).
 


 
The price of copper rose during this week. It is currently priced at $8,169.23 a tonne. Naturally, if the Chinese market recovers somewhat and the demand for copper increases, the price of copper will automatically rise (source: Mining.com). This direct dependence of the price on the Chinese market can be observed for some time.