Tag: industrial demand
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Rhodium Price Surges Over $20,000, Investors Face Challenges
The price of rhodium has surged to over $20,000 an ounce due to supply disruptions caused by the COVID-19 pandemic. This metal, part of the platinum group metals, has seen a remarkable 400% price increase in the past year alone. Its importance lies in various industrial applications, such as specialty optical instruments, electronics, and catalytic…
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Gold and Silver Prices React to Trump Tariffs, Trade Uncertainties
Gold prices took a significant hit alongside a sharp decline in silver prices as US President Trump unveiled extensive trade tariffs. The announcement, which exempted ‘bullion,’ led to a notable convergence in price differentials between New York Comex futures and London bullion markets. CHOW SANG SANG 999.9 24K Solid Gold Chinese Gifting Collection New Year…
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Copper Demand Surges, Attracting Investors Amid Supply Challenges
The demand for copper has been on the rise, driving up prices and attracting investor attention. With a variety of industrial applications, including in electric vehicles, copper’s value continues to grow amidst tight supply conditions. 2 oz .999 Pure Copper Medallion (Lincoln Wheat) | $31.49 While copper may not be a traditional safe-haven asset like…