Metal recycling and recovery

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Gegužės 25, 2022

Precious metal prices have remained fairly similar in recent weeks. Palladium is experiencing a more pronounced change – the metal price is falling, while copper price is recovering. There should be no major deviations in metal prices in any direction for some time to come, as inflation, the war in Ukraine and other important consequences are nowhere to be found (source: Metalsdaily.com).
Gold currently costs $ 1853.95 an ounce. Brecorder.com says that the price of the yellow metal is doing quite well, as the growth of the US dollar has slowed down a bit. Experts say that investors' attention to gold has risen sharply recently (source: Investing.com). Forecasts for the price of metal are various. Some say the value of the metal will remain at $ 1,850 an ounce for some time (source: Fxstreet.com). Others believe that the metal will fall below $ 1,837 an ounce (source: Brecorder.com). How it really will be, we will see in a few weeks.
 
The price of silver remains constant - the metal currently costs $ 21.76 an ounce. The price of the metal was almost $ 22 an ounce this week, Fxempire.com believes that the main reasons for this are inflation and a stagnant economy. Experts say that the price of white metal should be in the $ 22 an ounce range for some time (sources: Fxempire.com, Fxstreet.com). Demand for silver will increase in the near future as China plans to increase production capacity in the renewable energy sector, where the metal is in need (source: Financialpost.com).
 
The price of palladium continues to fall - the metal currently costs $ 1998 an ounce. Meanwhile, the price of platinum remains constant - the metal costs $ 959.69 an ounce. Platinum and especially palladium values look negative, but experts see an opportunity for investors to make money from these metals in the future (source: Etfdb.com). However, if the US dollar continues to remain in a similar or weaker position, metal prices could recover (source: Capital.com). Economies.com says that the price of palladium will remain in a similar position in the near future, and platinum may rise.
Carscoops.com says that car sales in Europe have fallen by 20%.
 


 
The price of copper is recovering - it currently costs $ 9,494.87 a tonne. In China, the coronavirus 'policy' has eased, and production capacity in the country is returning to the same as it was before (source:  Mining.com). Naturally, the demand for raw materials is also growing.