Fintech
MineralPrices.com 2021 Metal Prices Year in Review
Toronto, Ontario–(Newsfile Corp. – January 5, 2022) – A Copy of the Full Report is Available to Read by Following the Link:
Metals Performance Report Year End 2021
Most notable price changes of 2021 were: Lithium Carbonate (Li₂CO₃), Lithium Hydroxide (LiOH.H₂O), Yttrium Oxide (Y₂O₃), and Terbium Oxide (Tb₄O₇).
| PRECIOUS METALS | Year End 31.Dec.21 |
Year to Date % Change |
Year End 31.Dec.20 |
||
| GOLD | $1,830 | -3.5% | $1,898 | ||
| SILVER | $23.30 | -11.6% | $26.36 | ||
| BATTERY METALS | |||||
| CATHODE | |||||
| LITHIUM METAL | $77.10 | 142.3% | $31.82 | ||
| LITHIUM CARBONATE (Li₂CO₃) | $16.67 | 393.2% | $3.38 | ||
| LITHIUM HYDROXIDE (LiOH.H₂O) | $13.45 | 327.1% | $3.15 | ||
| COBALT (Co) | $31.96 | 77.7% | $17.98 | ||
| COBALT SULFATE (CoSO₄) | $6.55 | 73.5% | $3.77 | ||
| COBALT CHLORIDE (CoCl₂) | $8.01 | 81.4% | $4.41 | ||
| NICKEL OXIDE (NiO) | $9.38 | 27.7% | $7.35 | ||
| NICKEL SULFATE (NiSO₄) | $2.28 | 6.9% | $2.13 | ||
| NICKEL CHLORIDE (NiCl₂) | $2.72 | 16.9% | $2.33 | ||
| VANADIUM PENTOXIDE (V₂O₅) | $7.10 | 14.5% | $6.20 | ||
| VANADIUM PENTOXIDE (V₂O₅) | $7.60 | 47.6% | $5.15 | ||
| ANODE | |||||
| GRAPHITE (C) | $0.88 | -2.8% | $0.90 | ||
| GRAPHITE (C) | $0.51 | 22.9% | $0.42 | ||
| GRAPHITE (C) | $0.46 | 32.1% | $0.35 | ||
| GRAPHITE (C) | $0.30 | 9.1% | $0.28 | ||
| ENERGY METALS | |||||
| URANIUM | $ 30.40 | 1.3% | $ 30.00 | ||
| PLATINUM GROUP METALS | |||||
| PLATINUM | $963 | -9.1% | $1,059 | ||
| PALLADIUM | $1,845 | -24.8% | $2,453 | ||
| RHODIUM | $13,300 | -21.5% | $16,950 | ||
| IRIDIUM | $5,900 | 126.9% | $2,600 | ||
| RUTHENIUM | $390.0 | 39.3% | $280.0 | ||
| RHENIUM | $37.17 | 23.1% | $30.19 | ||
| BASE METALS | |||||
| NICKEL | $9.45 | 25.5% | $7.54 | ||
| COPPER | $4.43 | 25.9% | $3.52 | ||
| ALUMINUM | $1.28 | 41.9% | $0.90 | ||
| ZINC | $1.63 | 31.8% | $1.24 | ||
| LEAD | $1.05 | 18.6% | $0.89 | ||
| HEAVY RARE EARTH METALS | |||||
| EUROPIUM (III) OXIDE (Eu₂O₃) | $12.80 | -7.1% | $13.78 | ||
| GADOLINIUM OXIDE (Gd₂O₃) | $29.79 | 155.1% | $11.68 | ||
| TERBIUM (Tb) | $928.5 | 55.1% | $598.8 | ||
| TERBIUM OXIDE (Tb₄O₇) | $728.4 | 241.5% | $213.3 | ||
| DYSPROSIUM (Dy) | $239.5 | 48.4% | $161.4 | ||
| DYSPROSIUM OXIDE (Dy₂O₃) | $189.6 | 49.0% | $127.3 | ||
| ERBIUM (Er) | $362.9 | 198.3% | $121.7 | ||
| ERBIUM OXIDE (Er₂O₃) | $22.64 | 102.9% | $11.15 | ||
| YTTRIUM (Y) | $18.37 | 36.6% | $13.45 | ||
| YTTRIUM OXIDE (Y₂O₃) | $5.09 | 278.0% | $1.35 | ||
| SCANDIUM OXIDE (Sc₂O₃) | $25,678 | 22.5% | $20,956 | ||
| BATTERY GRADE MISCHMETAL | $13.45 | 41.4% | $9.51 | ||
| LIGHT RARE EARTH METALS | |||||
| LANTHANUM (La) | $1.82 | -2.6% | $1.87 | ||
| LANTHANUM OXIDE (La₂O₃) | $0.57 | -10.3% | $0.64 | ||
| CERIUM (Ce) | $1.95 | 8.2% | $1.80 | ||
| CERIUM OXIDE (CeO₂) | $0.60 | -8.5% | $0.66 | ||
| PRASEODYMIUM (Pr) | $76.77 | 107.1% | $37.07 | ||
| PRASEODYMIUM OXIDE (Pr₂O₃) | $57.74 | 142.8% | $23.79 | ||
| NEODYMIUM (Nd) | $68.57 | 68.5% | $40.68 | ||
| NEODYMIUM OXIDE (Nd₂O₃) | $59.71 | 79.3% | $33.30 | ||
| SAMARIUM OXIDE (Sm₂O₃) | $1.74 | 130.4% | $0.75 | ||
| MINOR METALS | |||||
| ANTIMONY (Sb) | $10,777 | 36.4% | $7,900.00 | ||
| ARSENIC (As) | $ 1,171.75 | 15.7% | $1,012.6 | ||
| BERYLLIUM (Be) | $ 831.80 | 4.5% | $ 795.64 | ||
| CADMIUM (Cd) | $ 2,567.73 | 10.9% | $ 2,314.58 | ||
| GALLIUM (Ga) | $ 315.36 | 11.8% | $ 282.09 | ||
| GERMANIUM (Ge) | $ 1,056.03 | 5.8% | $ 998.16 | ||
| INDIUM (In) | $ 184.44 | 0.4% | $ 183.72 | ||
| MAGNESIUM (Mg) | $ 2,169.92 | 0.7% | $ 2,155.45 | ||
| MANGANESE (Mn) | $ 4.63 | 5.7% | $ 4.38 | ||
| MERCURY (Hg) | $ 108.0 | 8.0% | $ 100.0 | ||
| MOLYBDENUM OXIDE (MoO₃) | $ 27.00 | 30.4% | $ 20.70 | ||
| NIOBIUM (Nb) | $ 82.46 | 21.3% | $ 67.99 | ||
| SELENIUM (Se) | $ 26.33 | 73.3% | $ 15.19 | ||
| SILICON (Si) | $ 1,974.62 | 5.8% | $ 1,866.13 | ||
| TELLURIUM (Te) | $ 82.75 | 17.9% | $ 70.16 | ||
| TUNGSTEN (W) | $ 38.48 | 15.7% | $ 33.27 | ||
| ZIRCONIUM (Zr) | $ 20.54 | 5.2% | $ 19.53 |
From price increases for manufactured goods, to backed-up Sea Ports, to a “shortage of everything,” 2021 had its share of challenges. While precious metals underperformed industrial metals, battery metals seemed to have hit escape velocity in 2021. Precious metals will likely lead in 2022 as the ‘transitory inflation’ discussion itself becomes transitory, and the realities of worldwide monetary debasement set in.
Battery metals were red hot throughout 2021 as the world charged towards electrification and zero emission vehicles. Lithium Metal prices soared to record levels with Cobalt and Nickel following closely behind. Lithium Carbonate and Lithium Hydroxide were the highest percentage gainers of all metals surveyed in 2021. Cobalt Sulfate and Cobalt Chloride could also now extend gains in 2022 after almost doubling in price this past year.
The intense price dynamic seen for battery metals in 2021 has resulted from faster than expected growth in demand for electric vehicles. This faster growth, in turn, results from increasing government electric vehicle mandates which have been made without consideration for real world material supply constraints. Battery metal demand will likely climb further as more grid-scale energy storage developments are required and approved. Supply side constraints will continue, however, as mine discovery, engineering and permitting timelines limit supply-elasticity and as prospects for recycled materials remain significantly below new demand requirements.
Copper consumption in China powered price gains for the red metal throughout 2021. Copper prices gained +25% in dollar terms during 2021, boosted by firm demand from the world’s top buyer China and supply disruptions in the world’s top supplier Chile. China will continue to play an important role in the copper market. The country accounts for about half of global primary consumption, with most of this imported copper in turn destined for manufactured export goods.
A recap of metal price performance in 2021 is not complete without a review of the Rare Earth Metal markets. Both Heavy and Light Rare Earth Metals had some significant price moves in 2021 driven by several factors including: widening supply and demand imbalances, burgeoning applications for new energy vehicles and specialist magnetic materials, Chinese policy guidance and Chinese based SOE market control mandates. It is expected that the next five years will bear witness to a widening gap between supply and demand for Praseodymium and Neodymium Oxide in particular.
Source: Mineralprices.com
About MineralPrices.com
MineralPrices.com provides prices, news, performance and trade information for all the world’s metals categorized as: Precious Metals, Battery Metals, Platinum Group Metals, Base Metals, Rare Earth Metals and Minor Metals.
For further information please contact:
(416) 525 – 6869
[email protected]
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
-
Fintech PR5 days agoGCL Energy Technology and Ant Digital Technologies Launch First Blockchain-Based RWA Project in Photovoltaic Industry
-
Fintech PR4 days ago2025 Will See Increased QR Code Payments but Payment Card IC ASPs Will Not Return to Pre-Covid Levels
-
Fintech PR4 days agoBybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
-
Fintech PR5 days agoH.I.G. Realty Announces Strategic Partnership with Queen Mary BioEnterprises Innovation Centre in London
-
Fintech PR5 days agoCKGSB Successfully Hosts 2024 MBA Professor Training Program for Western China
-
Fintech PR2 days agoMarkets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
-
Fintech PR3 days agoSinopec Completes Construction of China’s Largest Petrochemical Industrial Base
-
Fintech PR2 days ago2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters” Successfully Concluded