Price of Metals: How Global Supply and Demand Affect Costs

The price of metals is determined by a variety of factors, including global supply, industrial demand, and economic conditions. Metals like gold and silver are often sought after as safe-haven assets, while base metals like copper, aluminum, and steel are crucial in construction and manufacturing. Fluctuations in mining production, trade policies, and inflation rates also influence prices. Additionally, the rise of electric vehicles and renewable energy has increased demand for metals such as lithium, nickel, and cobalt.

Link: https://pricevision.ai/cat...