Daily Metal Prices
How are Metal Prices Determined?
Many important metals are traded on public exchanges. Among these exchanges are the New York Mercantile Commodity Exchange (COMEX) and London Metal Exchange (LME). Other metals are bought and sold directly through the offices of metal producers using prices set by those producers or related trade associations.
Less common metals or those with specialized uses may not be publicly traded at all, but require direct and private agreements with the metal producer.
For popular metals, many markets offer futures and options contracts which allow market participants to reduce potential volatility in the price of their metal supply. These instruments also give speculators the opportunity to profit from unpredicted price swings and volatility in metal markets.
Outside of specialized commodity markets, many investment firms and equity markets offer retail investors the opportunity to participate in metal investing and price speculation through specialized instruments such as ETFs (Exchange Traded Funds). Some metal or commodity-based ETFs may be fully backed by the material in question, while others may not. ETFs are available for most all of the important industrial, base and precious metals.
Some of the more complex metal price ETFs are designed to track the inverse of a metals price or even multiples of the market price. Other ETFs track the price of an individual metal or a group of metals.
Investors also participate in metal price speculation through investment in mining companies and funds that invest in mining firms.
Spot Prices Updated Daily
Updated daily. Spot prices on 23 base metals, precious metals, rare metals and materials PLUS charts and historical prices going back as far as January 2000.
NEW Weve added 7 new metals and materials including: Uranium, Neodymium, Lithium, Gallium, Indium, Tellurium and Steel Rebar!
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