Metal recycling and recovery

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Kovo 31, 2021

All precious metal prices have fallen slightly this week compared to the last week. This situation is mainly affected by the strengthening US dollar, the approaching inflation, the continuing pandemic and the relatively slow vaccination of people (sources: Cnbc.com, Bnnbloomberg.ca). It should come as no surprise that metal prices may continue to fall in the coming weeks.
The price of gold fell to $ 1,711.46 an ounce. While the drop in price compared to the last week is not very large, it may show another negative sign - the metal may continue to slowly but steadily decline in value. As the value of the yellow metal falls, its demand, especially in the jewelry industry, is growing (source: Scmp.com). Sharpspixley.com says that the value of gold will fall below the $ 1,700 an ounce threshold. Reviewers from Investinghaven.com do not currently recommend investing in gold - they are urging to observe the price of the metal for some time.
 
Silver fell to $ 24.68 an ounce. Although the value of the metal has been declining for some time, it is promised a bright future. The demand for silver in various manufacturing sectors is growing, so the price is expected to significantly increase this year (source: Kitco.com). Fxstreet.com says that silver can cost over $ 30 an ounce.
 
The price of palladium fell to $ 2552.64 an ounce, and platinum fell to $ 1185.1 an ounce. Investingcube.com says that the price of palladium will rise sharply this year, so the current price changes are not very worrying. Reviewers from Invezz.com advise watching the price of palladium change in April. If it falls below $ 2,500 an ounce, then it's a sign to sell, not to increase investment.
The future of platinum is still vague. On the one hand, the demand for the metal in the production of various cars (not just gasoline or diesel) is high, which should have a positive effect on its price (source: Nasdaq.com). However, Economies.com says that the price of platinum could fall to $ 1,105 an ounce.
Car sales in the U.S. were profitable in March (source: Thedetroitbureau.com). April is also expected to be a success.
 


 
The price of copper fell to $ 8759.63 a tonne. Mining.com says that the demand for copper in China is growing again, so the price of the metal may recover. Major mines such as Kamoa-Kakula announce mine development work.