Metal recycling and recovery

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Liepos 25, 2019

The end of July is looking pretty good so far - all precious metals, except palladium, are strengthening their positions, mainly influenced by the US dollar. It has weakened again - experts say that the currency is in a relatively low position compared to last month (source: Metalsdaily.com). It is important to add that precious metals are also affected by the global economic crisis, with some countries rushing to invest in metals, which increases their cost. This period remains really interesting, so it's worth watching what happens next in the precious metals market until the end of summer.
The price of gold has risen by more than $ 10 an ounce. The most influential factor for this metal is the US dollar - as it is now weakened, gold is successfully continuing to add value. Sharpspixley.com says that there is now a huge increase in gold purchases. China uses the weak US dollar situation and increasing yellow metal reserves again (source: Scmp.com). Russia is not stopping investing in gold, too, with reserves in excess of $ 100 billion (source: Kitco.com). The price of gold is likely to continue to rise.
 
This week the price of silver jumped to a record $ 16.37 an ounce. Already last week the value of this metal has risen sharply - the metal does not cease to amaze investors. Marketoracle.com says that the white metal price graph looks great and it promises a great future. Its price is expected to rise to $ 17 an ounce by the end of this year (source: Kitco.com).
 
Palladium has dropped slightly to $ 1524.5 an ounce, while platinum has not stopped growing - metal is currently priced at $ 855.5 an ounce. The value of palladium still remains at a record high, but experts believe it is only a matter of time before the situation changes (source: Investing.com). Car makers are looking for cheaper alternatives to this metal and are increasingly focusing on platinum (source: Insidefutures.com). The metal is still in demand in the jewellery industry - this year is expected to be a very favourable for platinum (source: Capital.com). However, car sales are down now, but when they will grow, platinum is likely to significantly increase too (source: Fxstreet.com).
 


 
The price of copper rose to $ 5981.14 a tonne. Observing weekly price changes, the metal may soon exceed $ 6,000 a tonne. The growing demand for the metal in the markets remains the same. As always, mines are expanding, with plans to build a new one in Brazil (source: Mining.com).