Daily Metal Spot Prices
Iron Ore Price (USD / Kilogram) for the Last Day
Use this form to dynamically generate a table that show metal prices in the units of your choice for the duration specified.
Simply select a metal and a unit to display the price. Lastly choose the number of days to show in your table. Tables and rates are based on our daily price updates.
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Metal Futures versus Options
A futures contract is an obligation to buy or sell a commodity at a specified date
and price, while an options contract grants the right, but not the obligation, to
buy or sell at an agreed upon price. While participants in futures markets risk paying too
much or selling for too little, options may simply expire worthless.
What is Price Hedging?
Market participants may minimize the effect of volatile
prices by hedging. Hedging is the practice of offsetting risk, often by
purchasing one position to protect another position. For example, many investors
recommend gold as an investment to protect against a falling US dollar and vice versa.
Metal Facts
In June of 2008 the price of rhodium reached a record high of nearly $10,000 USD per ounce! By January of 2009 the price had crashed to less than $1,000. In 2021 the price of Rhodium reached almost $30,000 per oz.
Metal Price Charts
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