The Renewables Monthly Metals Index (MMI) gained 2.1% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.)
Search Results for: conflict minerals
Despite backdrop of ethical conundrum, Tesla goes to the Congo, Glencore for cobalt
An interesting article in the Financial Times this week explores the conundrum electric car makers have in balancing their ethical policies with the need to source critical raw materials, like cobalt, to produce the most powerful version of today’s electric vehicle (EV) batteries.
LME Moves to Save the Cobalt Contract
You can’t please all of the people all of the time and the more people you are trying to please the harder it gets. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook When you are the largest and oldest metals exchange in the world and are trying to balance often […]
Rare Earths MMI: Have Rare Earth Prices Finally Found a Bottom?
Month over month, rare earth metals witnessed new price lows not seen since September 2020. While neodymium oxide and praseodymium oxide witnessed the sharpest drop out of all of the components of the Rare Earths MMI (Monthly Metals Index), the index fell by 5.08% overall. But with price points nearing pre-pandemic lows, the index may […]
Experts Predict Nickel Prices Will Continue to Drop in 2024
Will there be a rebound in Chinese nickel purchases in 2024? Furthermore, will it serve to bolster the market in the near term? Following a lengthy period of de-stocking last year, these are just some of the questions with implications for the global nickel price. As the world moves toward cleaner energy sources, certain minerals […]
Rare Earths MMI: China Bans Export of Rare Earth Metals Technology
Overall, 2023 proved volatile for the Rare Earths MMI, with the sector experiencing sharp declines at the beginning of the year. This mainly stemmed from decreased Chinese production, supply chain disruptions, and the numerous nations seeking non-Chinese sources of rare earth metals. During Q2 and Q3, price action remained sideways, but global supply dynamics continued […]
Rare Earths MMI: Prices Move Sideways Amid Potential Rare Earth Magnets Trade War
The global rare earth magnets game continues to heat up. Indeed, China, the top global rare earths supplier, seems eager to tighten its hold on the marketplace, especially with trade tensions rising between the country and the West. Meanwhile, the U.S., Australia, and many other nations continue to look for homegrown solutions to rare earths […]
Rare Earths MMI: Is China Losing the Rare Earth Magnets Race?
Seeing its first significant rise in over eight months, the Rare Earths MMI welcomed a boost of 6.84% month-over-month. Indeed, Chinese production of rare earths and rare earth magnets finally appears on the rise. It’s also possible that Chinese stimulus efforts impacted prices month-on-month. Neodymium, for instance, began a rally in mid-August before slowing down […]
Rare Earths MMI: Prices Plummet as Rare Earth Demand Drops
The Rare Earths MMI (Monthly Metals Index) suffered yet another significant drop month-over-month. Overall, the index fell 15.81%. These massive drops in prices are the result of several factors. One of the the biggest culprits is rising supply and falling demand. Prices for rare earth metals have also decreased due to new mining initiatives cropping […]
China and Australia to Renew Trading of Iron Ore, Coking Coal, Other Goods
It’s been 50 years since Australia first established diplomatic relations with China. But compared to the relative warmth of the early years, modern relations between the two nations are in a deep freeze. Of course, Australia calling for an international inquiry into the origins of the coronavirus outbreak didn’t help matters. In fact, it led […]
