What are the metal prices displayed?

The metal prices displayed are a representation of market conditions and updated monthly for our readers. ScrapMonster does not accept any liability for any errors in data displayed or liability for losses in transactions. The data is provided by the Institute for Rare Earths and Metals . Data provided by the Institute for Rare Earths and Metals.

Who sets the price of precious metals?

For market traded base metals and industrial metals, pricing is set by the market participants, but precious metal prices including gold, silver, platinum and palladium are set or "fixed" several times each day by "market makers".

What are metal price ETF's?

Some of the more complex metal price ETF's are designed to track the inverse of a metal's price or even multiples of the market price. Other ETF's 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.

What are metal price fixings?

Metal Price Fixings? For market traded base metals and industrial metals, pricing is set by the market participants, but precious metal prices including gold, silver, platinum and palladium are set or "fixed" several times each day by "market makers".