Metal recycling and recovery

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News

Gruodžio 20, 2019

The pre-holiday week looks pretty positive - prices of all precious metals have risen. Last week it seemed that some metals would not maintain their strong price position due to the economic and political turmoil in the world, but things have changed somewhat. However, it is not yet clear how precious metal prices will change by the end of the year, so it is advisable to keep track of daily price changes.
The price of gold rose to $ 1475.7 an ounce this week. While the US dollar is rising (negatively affecting the value of the yellow metal last week), it is currently well correlated with the price of gold (source: Fxstreet.com). Reviewers expect gold to rise in value in 2020: Kitco.com estimates up to $ 1,500 an ounce, while Forbes.com believes up to $ 1,700 an ounce. How it will go, we will see in a few months.
 
The price of silver also rose to $ 17 an ounce. According to experts, the price of this metal now is in stagnation, but the situation is likely to change (source: Metalsdaily.com). Moneycontrol.com says that if the demand for white metal increases further, it will certainly have a positive impact on its price. Coeur Mining, which has a large number of silver mines on the North and South American continents, is successfully expanding - one of the proofs that silver demand will not decrease in the future (source: Businesswire.com).
 
Palladium has little to no cost at $ 2000 an ounce. The price of this metal rose by 57% in 2019 (source: Livemint.com). As the price of the metal does not stop rising, it is just another indication of its large deficit. Businesslive.co.za says that palladium could cost $ 2,500 an ounce next year. Meanwhile, the price of platinum has risen much more modestly - currently at $ 926.5 an ounce. Interestingly, platinum is slowly losing popularity in the jewellery industry, but is gaining popularity in the chemical industry (source: Heraeus.com). Demand for platinum in the chemical industry is expected to grow by 1-2% over the coming years.
 


 
The price of copper rose to $ 6,161.92 a tonne. Copper is forecast to have a successful year - experts say its demand will continue to grow (source: Mining.com).