Metal recycling and recovery

Phone: +370 37 408013

info@novitera.lt

Kovo 24, 2021

Precious metal prices are very different this week, there is no general trend. The prices of some metals rose slightly, while others fell. However, compared to the last week, it can be seen that the values of metals are in a similar position. Uk.finance.yahoo.com says that inflation will certainly be felt in many countries, but it will not last long; it is still difficult to judge whether this will have a significant impact on precious metal prices.
The price of gold rose to $ 1,739.33 an ounce. The value of the yellow metal fell by 20% compared to the months when its value was highest (source: Ca.movies.yahoo.com). Northernminer.com says that gold will remain in a similar price position in the coming years. But there are those who think otherwise: Kitco.com says that the price of gold could rise to $ 1,850 an ounce. This sounds quite logical, because in India, for example, the demand for gold jewelry will grow by 30-35% (source: Indiaretailing.com). Home.saxo reports that gold sales have also increased. This, of course, is also due to the metal price fall.
 
Silver fell to $ 25.84 an ounce. The fall in the price of this metal was mainly due to the recovery of the US dollar (sources: Fxstreet.com, Uk.investing.com). Seekingalpha.com says that while the white metal is not currently at its highest value, its strong growth is likely to surpass gold this year. How it really will be – we’ll see in the near future.
 
The price of palladium rose to $ 2,642 an ounce, while platinum fell to $ 1,192 an ounce. Heraeus.com says that the price of palladium will continue to rise due to the shutdown of the Nornickel mines, and the metal deficit could even double. It is important to mention that sales of electric cars in China are also increasing, so the demand for palladium has increased even more. It will be really interesting to see how the price of this metal changes in the near future.
The price of platinum is somewhat volatile, fluctuating every week. Experts do not expect the price of this metal to grow like palladium. Economies.com says that the price of platinum should be in the range of $ 1215-1150 an ounce in the near future.
 


 
The price of copper fell slightly to $ 8945.26 a tonne. Although its value exceeded $ 9,000 a tonne for most of the week. Mining.com says that copper imports to China have fallen somewhat in recent weeks. However, the price of the metal has been fairly constant for quite some time, so there should be no major price changes in the near future.