Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

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Precious Metals Market Size 2025-2029

The precious metals market size is forecast to increase by US $105.3 billion, at a CAGR of 6.4% between 2024 and 2029.

Precious metals, including gold, silver, platinum, and palladium, have long been recognized as valuable assets in times of economic instability. Their inherent scarcity and durability make them an attractive investment for businesses and individuals seeking to hedge against inflation and market volatility. The market is a dynamic and evolving entity, influenced by various factors. One significant trend is the growing focus on environmental, social, and governance (ESG) issues. This concern extends to the mining and extraction processes of these metals, leading to increased scrutiny and regulatory oversight. Gold, the most commonly held precious metal, experienced a 23.3% increase in demand from institutional investors in 2020.
This surge can be attributed to a multitude of factors, including geopolitical tensions, currency devaluation, and the ongoing COVID-19 pandemic. Silver, another popular precious metal, is used extensively in industrial applications, particularly in electronics and solar panels. Its demand is influenced by technological advancements and economic conditions. Platinum and palladium, primarily used in the automotive industry for catalytic converters, face demand fluctuations based on the health of the global automotive sector. The market is subject to continuous unfolding activities, with trends and patterns evolving in response to economic, technological, and regulatory developments. As a professional, it is crucial to stay informed and adapt to these changes to make informed decisions.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
The market is expected to grow significantly in the US as well over the forecast period.
By the Type, the Gold sub-segment was valued at US $94.40 billion in 2023
By the Application, the Industrial sub-segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Future Opportunities: US $105.3 billion 
CAGR : 6.4%
APAC: Largest market in 2023

What will be the Size of the Precious Metals Market during the forecast period?

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Precious metals, including platinum and gold, continue to hold significant value in various industries due to their unique properties. Current market performance is marked by a steady increase in demand, with approximately 25% of global production being utilized for industrial applications. Looking ahead, future growth expectations indicate a potential 18% expansion in the market's size. A comparison of key numerical data highlights the significance of these metals. For instance, platinum's high melting point and excellent electrical conductivity make it an essential component in catalytic converters, accounting for around 40% of its total demand. In contrast, gold, with its malleability and resistance to corrosion, is widely used in jewelry and electronics, contributing to a global market value of around 1.7 trillion USD.
These metals' diverse applications and inherent value make them a vital component of numerous industries, with ongoing research and development efforts focusing on refining techniques, metallurgical engineering, and recycling processes to optimize their use and maximize their value.
The Precious Metals Market is driven by advancements in metal refining techniques and sustainable practices like precious metal recycling and precious metal waste management. Innovations such as metallographic analysis enhance quality control in producing high-purity metals, while industries leverage precious metal composites and precious metal coatings for durability and performance. Applications range from precious metal catalysts in chemical processes to gold nanoparticle synthesis in biomedical research. Manufacturing relies on precious metal forming techniques, including precious metal electroforming, alongside advanced metal finishing processes and metal surface treatments. Demand for precious metal concentrates, precious metal compounds, and precious metal salts continues to grow, while precious metal scrap recovery supports sustainability. Specialized uses such as platinum electrode fabrication and silver halide photography highlight the expanding role of precious metals across industries.

How is this Precious Metals Industry segmented?

The precious metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Silver
  Platinum


Application

  Industrial
  Jewelry
  Investment


End-use Industry

  Jewelry Manufacturing
  Automotive (Catal

The global rare earth metal market reduced modestly to $6.9B in 2024, falling by -3% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -1.6% against 2021 indices.

This statistic represents the projected LME lead price between 2012 and 2020. In 2017, one pound of lead is expected to cost around ** U.S. dollar cents. Lead is a base metal which is predominantly used in battery manufacturing and cable sheathing.

Monthly and long-term steel (usa) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

Monthly and long-term steel (europe) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

Precious Metal Market Outlook

As of 2023, the global market size for precious metals is valued at approximately $250 billion, and it is projected to reach around $370 billion by 2032, with a compound annual growth rate (CAGR) of 4.3%. This robust growth is driven by several factors, including increasing demand from emerging markets, heightened investment interests, and technological advancements in industrial applications. Precious metals, particularly gold and silver, have long been valued as safe-haven assets, but recent trends indicate a broader scope of applications, which is further fueling market expansion.

The growth of the precious metal market is significantly influenced by the geopolitical climate and economic uncertainties. In times of political instability or economic downturns, investors often turn to precious metals as a means of preserving wealth, which in turn spikes demand. For instance, during periods of inflation or currency devaluation, gold and silver are particularly sought after as they retain intrinsic value. Moreover, central banks around the world have been bolstering their gold reserves, a move that not only stabilizes their own currencies but also adds upward pressure on gold prices, thereby contributing to market growth.

Another notable driver of the precious metal market is the growing industrial demand, especially for metals like silver and platinum. Silver, with its excellent electrical conductivity, is widely used in electronics and solar panels. Meanwhile, platinum finds extensive applications in automotive catalytic converters. As industries adopt greener technologies and renewable energy solutions, the demand for these metals is expected to rise. Additionally, advancements in medical technology and the growing use of silver in antibacterial applications are further broadening the scope of industrial demand for precious metals.

The jewelry sector continues to be a substantial contributor to the precious metal market. Gold and silver jewelry remain highly valued across various cultures, symbolizing wealth and prestige. The rise in disposable income coupled with changing fashion trends in emerging economies is driving the demand for both traditional and contemporary jewelry design, thereby bolstering market growth. Moreover, the increasing influence of online platforms has made luxury jewelry more accessible to a broader audience, further enhancing market reach.

Silver Bullion plays a pivotal role in the investment landscape, offering a tangible asset that investors can physically hold. Unlike digital investments, silver bullion provides a sense of security and ownership that is often appealing during times of economic uncertainty. The demand for silver bullion is influenced by its affordability compared to gold, making it an attractive option for both new and seasoned investors. Additionally, silver bullion is not only a store of value but also a hedge against inflation, protecting purchasing power over time. As global markets fluctuate, the stability and reliability of silver bullion continue to draw interest from a diverse range of investors seeking to diversify their portfolios.

Regionally, Asia Pacific dominates the precious metal market, driven largely by high consumption in countries such as China and India. The cultural affinity towards gold in these regions, especially during festivals and weddings, underpins the demand. Europe and North America also represent significant markets, with a strong focus on investment and industrial applications. Meanwhile, emerging markets in Latin America and the Middle East & Africa are projected to exhibit a higher growth rate due to increasing industrialization and rising disposable incomes.

Type Analysis

The precious metal market is segmented into various types, including gold, silver, platinum, palladium, and others. Gold remains the most prominent segment, accounting for a substantial portion of the market share. Its allure as a hedge against inflation and economic instability makes it a favored choice among investors. Furthermore, gold's intrinsic value and historical significance continue to make it a preferred asset for central banks and institutional investors. The jewelry sector also heavily relies on gold, with countries like India and China leading the demand, driven by cultural and traditional practices.

Silver follows gold in terms of market significance, primarily due to its dual role as both an industrial and inv

This dataset contains the predicted prices of the asset METAL over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Gold Resource Corp. (GORO) Sees Promising Outlook Amidst Rising Metal Prices

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The statistic gives outlook figures on the price of selected industrial metals. In the first quarter of 2011, the price for copper is estimated to be ***** U.S. dollars per metric ton.

Get the latest insights on price movement and trend analysis of Steel Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Philadelphia Gold and Silver Index: A Beacon of Precious Metal Value?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Gold fell to 4,199.97 USD/t.oz on December 2, 2025, down 0.75% from the previous day. Over the past month, Gold's price has risen 4.93%, and is up 58.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on December of 2025.

Stainless steel prices fell in 2024 due to oversupply and weak demand; 2025 outlook signals further declines amid market saturation.

The global magnesium metal market is estimated to be valued at USD 5.89 billion in 2025 and is projected to reach approximately USD 10.0 billion by 2035, expanding at a compound annual growth rate (CAGR) of 5.4% during the forecast period.

Attributes	Description
Estimated Global Industry Size (2025E)	USD 5.89 billion
Projected Global Value (2035F)	USD 10.0 billion
Value-based CAGR (2025 to 2035)	5.4%

Magnesium Metal Market Analysis 2025 to 2035

Countries	CAGR (2025 to 2035)
USA	5.8%
UK	4.9%
France	5.1%
Germany	5.3%
Italy	4.7%
South Korea	6.2%
Japan	5.6%
China	7.4%
Australia	4.6%
New Zealand	4.2%

Scrap Steel rose to 356 USD/T on November 20, 2025, up 0.14% from the previous day. Over the past month, Scrap Steel's price has risen 1.57%, but it is still 0.97% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Scrap Steel.

This dataset contains the predicted prices of the asset Precious Metals over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Philadelphia Gold and Silver Index: The Future of Precious Metals?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

In Q3 2025, North America Yttrium Metal Price Index held steady, with minor fluctuations driven by global supply chain pressures and cautious procurement from high-tech sectors. Check detailed insights for APAC and Europe.

In Q3 2025, North America, the Silicon Metal Price Index rose by 4.8% quarter-over-quarter, due to tight imports. Check detailed insights for Europe and APAC.