The current gold price is showing an upward trend, which has certain impacts on other mining industries. The details are as follows:

A rise in gold prices usually drives up the prices of other non-ferrous metals. Since 2025, the prices of precious metals and industrial metals have generally increased. Among them, the price of silver has risen by more than 60%, the prices of industrial metals such as copper and tin have both increased by over 26%, and the price of aluminum has risen by approximately 9%. This is because precious metals and some industrial metals have a certain degree of correlation in the market. The increase in gold prices boosts market attention and demand for metal assets, thereby pushing up the prices of other non-ferrous metals. Correspondingly, the profits of non-ferrous metal mining enterprises will also increase.

The increase in gold prices and the prices of other metals will boost the profits of mining enterprises and enhance their willingness to purchase equipment. Initially, mining enterprises will expand production by extending mining hours and increasing mining faces, which first drives up the demand for vehicles, consumables, and maintenance services. When prices rise further, the investment speed in newly developed mines will accelerate, and the purchase of new equipment will increase, thereby promoting the development of the mining equipment industry.