Metal recycling and recovery

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Lapkričio 8, 2019

This week, almost all precious metals have similar graphs - they have peaked in the middle of the week but have fallen in the recent days. Comparing with the previous week, values have fallen slightly, with platinum rising even by a few dollars. This situation was mainly influenced by the rise of the US dollar and the US-China trade war (source: Metalsdaily.com). Only copper did not suffer any losses – by the end of the week its price had risen.
The price of yellow metal has dropped a few dollars to $ 1,484.13 an ounce. This week, experts have clearer forecasts for gold - its demand is declining (source: Gold.org). For example, India has the lowest demand for this metal since 2016 (source: Bnnbloomberg.ca). World central banks buy less gold (source: Thenational.ae). Fxempire.com says that gold will cost $ 1,400 an ounce in December, which is quite a drop.
 
The price of silver has dropped to $ 17.59 an ounce. This week, its value was more than $ 18 an ounce, and experts believe the metal remains in a fairly secure position (source: Finance.yahoo.com). White metal is heavily influenced by the US-China trade war, and its price is not yet fully set (source: Investingcube.com). Fxstreet.com forecasts a slightly different future for silver - its price is expected to rise to $ 18.32 an ounce.
 
Palladium continues to hold a record position - currently priced at $ 1779.5 an ounce. The value of platinum rose a few dollars to $ 929.5 an ounce. Banyanhill.com says, that the palladium price bubble will burst fast - platinum is almost half cheaper and offers almost the same benefits as palladium. Meanwhile, car sales in the world have been dropping dramatically for months, which is also affecting the prices of these two metals. Oilprice.com analysts say, that diesel and gasoline cars are not going away anytime soon - demand is still there. In Germany, car sales also increased in October (source: Europe.autonews.com).
 


 
Copper has been keeping its price position lately - it is currently priced more than last week at $ 5926.03 a tonne. Copper shortages appear: it can bee triggered by mining workers' protests in Chile. Antofagasta, one of the world's largest copper mines, says it will slow down metal production (source: Metalsdaily.com).