Automotive MMI®: LME Spot Copper Drops 4.7% For Week

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Automotive, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals

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After drifting 4.7 percent on the LME, the price of primary cash copper dropped to $7,710 per metric ton making it the biggest mover on the Automotive MMI® this week.

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Aluminum MMI®: Slow Week For Chinese Billet Prices

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Metal Prices, MetalMiner IndX, Non-ferrous Metals

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Chinese aluminum billet’s 0.6 percent decline made it this week’s biggest mover on the Aluminum MMI®. The Chinese primary aluminum cash price closed last week after a 0.5 percent drop. Chinese aluminum bar prices held steady from the previous week above $2,200 per metric ton. Chinese aluminum scrap traded sideways last week, hovering above $2,600 per metric ton.

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Price of Japanese Platinum Bar Changes Directions

by MetalMiner IndX Reports May 18, 2012 Metal Prices

On May 17, 2012, the day’s biggest mover on precious metals markets was the price of Japanese platinum bar, which saw a 1.9 percent increase to JPY 3,742 ($46) per gram. This increase comes after the price fell for the two previous days. US platinum bar prices inched up 1.2 percent to $1,453 per ounce. [...]

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Chinese Primary Nickel Price Increases on May 17, 2012

by MetalMiner IndX Reports May 18, 2012 Ferro Alloys

The price of Chinese primary nickel rose 0.8 percent on May 17, 2012, making it the day’s biggest mover on stainless steel and raw materials inputs markets. After two days of falling prices, it closed between $20,000 and $20,250 per metric ton.

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US Copper Producer Prices Decline, Japan Copper Down Too

by MetalMiner IndX Reports May 18, 2012 Metal Prices

The price of US copper producer grade 122 fell one percent, as did the price of US copper producer grade 110. The price of US copper producer grade 102 weakened by 0.9 percent. Meanwhile, the cash price of Japanese primary copper saw a 0.9 percent decline.

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Steel Roundup: 3-Month Billet Price Rises Again

by MetalMiner IndX Reports May 18, 2012 Commodities

With a 2.2 percent increase over the past day, the 3-month price of LME steel billet was the biggest mover on our steel price index, closing at $470 per metric ton on May 17, 2012. Also on the LME, the cash price of steel billet rose 0.6 percent to $456 per metric ton.

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Primary Aluminum Cash Price Up After 2-Day Drop

by MetalMiner IndX Reports May 18, 2012 Metal Prices

The LME primary aluminum cash price rose 0.8 percent to $1,994 per metric ton on May 17, 2012, after two days of falling, making it the day’s biggest mover on global aluminum markets. The LME primary aluminum 3-month price increased 0.7 percent to $2,034 per metric ton. The cash price of Indian primary aluminum, on the [...]

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ArcelorMittal Orbit Unveiled in London

by Brianna Tonner May 18, 2012 Humor

I can’t speak for all Chicagoans, but I have always enjoyed Cloud Gate, or “The Bean,” a stainless steel structure that has graced our city landscape for six years now and provided some clever photo opportunities. To me, it is engaging and playful — a mirrored cultural marvel that distorts, pools, and paints our city [...]

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