Metal recycling and recovery

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Balandžio 14, 2021

Precious metals remained fairly stable during this week, only the value of palladium rose significantly. From the graphs of price changes, it can be seen that at the end of last week, most metal prices had reached their highest positions in the whole week. One thing is clear, it is still difficult to predict how exactly metal prices will change, as it is said that inflation has already reached the US and what will happen next remains to be seen (source: Reuters.com).
The price of gold rose to $ 1,733.42 an ounce. Marketwatch.com says that inflation will have a positive impact on the yellow metal - the price of gold is expected to rise even more than expected during this period. According to Scrapmonster.com, investment in gold rose quite strongly in March. It is worth expecting that the price of gold will recover somewhat next week.
 
The price of silver has hardly changed since last week - it currently costs $ 24.83 an ounce. Heraeus.com says that silver should also benefit from inflation; experts think that its price will rise. Of course, this will also be affected by the growing demand for metal. The value of the metal is expected to reach $ 25 an ounce in the near future (source: Fxstreet.com). Gobankingrates.com says that silver is a good long-term investment. It is projected to cost $ 31 an ounce in 2023, and $ 40 an ounce in 2026.
 
The price of palladium has risen sharply this week - it now costs $ 2,694.08 an ounce. The price of platinum fell to $ 1179 an ounce. Palladium continues to be promised a bright future: Fxstreet.com predicts that the metal could soon cost as much as $ 2,800 an ounce. Meanwhile, the situation for platinum is a bit different. Demand for the metal has increased in various production sectors, and a deficit is felt (sources: Forexlive.com, Fxstreet.com). However, Heraeus.com says that platinum will cost no more than $ 1,100 an ounce. It is worth watching how the price of the metal will change in the coming months.
In both Europe and China, car sales are recovering, but in China it is happening faster (source: Sharecafe.com.au). Because of coronavirus, new car sales in European countries are happening slower than in China (source: Forbes.com).
 


 
The price of copper fell to $ 8896.09 a tonne. The price fall is not very large, similar changes are happening for several weeks in a row. Demand for the metal is not declining, so the price of the metal can be expected to rise again next week (source: Mining.com).