Category: Non-ferrous Metals

Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms

Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms China Aluminum

Copper prices today remain trapped in a sideways range. Prices lack enough bearish or bullish momentum to establish a strong trend in either direction. Prices declined during the first weeks of January, falling to their lowest level since November. However, they rebounded in the second half of the month. This brought them a mere 0.52% […]

Automotive MMI: Hot-Dipped Galvanized Prices Flatten, EV Market Moving Too Quickly?

Automotive MMI: Hot-Dipped Galvanized Prices Flatten, EV Market Moving Too Quickly?

All components of the Automotive MMI moved sideways or down month-on-month. Moreover, January saw prices flatten out across the steel market, causing hot-dipped galvanized steel prices to trend close to support zones. Meanwhile, China’s wavering economy continues to prove a concern for global markets because the country is such a large steel demand driver. Many […]

Ironing Out the Future of the Battery Market: How Rusty Batteries Could Power Our Lives

Ironing Out the Future of the Battery Market: How Rusty Batteries Could Power Our Lives Battery Market, rusty batteries

In an electrifying twist of fate, the global battery market is buzzing with excitement over a technology designed to make things rust on purpose. We’re talking about iron-air batteries. Leading this “rusty revolution” is Form Energy, a company that clearly didn’t get the memo about rust being a bad thing. Form’s team recently completed work […]

Copper Demand: Australian Exports to China Surge to Record High, Signaling Thaw in Relations

Copper Demand: Australian Exports to China Surge to Record High, Signaling Thaw in Relations

The frosty relationship between China and Australia continues to thaw, as evidenced in the bi-lateral trade indices indicate. Now, thanks to China’s growing copper demand, the world possesses one more indicator. According to recently released data, Australia exported 27,500 metric tons of copper ores and concentrates to China in November last year. At U.S. $44.5 […]

Will Electric Cars Benefit or Threaten Europe’s Aluminum Industry?

Will Electric Cars Benefit or Threaten Europe’s Aluminum Industry?

Are electric cars going to benefit or threaten Europe’s aluminum industry? At first, it might appear a stupid question. However, it is also one that aluminum industry news sources continue to ask. The average European EV contained 283kgs of aluminum in 2022 compared to 169kgs for ICE vehicles. That is according to a study by […]

Copper MMI: Deep Market Contango, Index Moves Sideways

Copper MMI: Deep Market Contango, Index Moves Sideways

Copper prices saw a 1.90% increase during the final month of the year. By late December, this managed to bring them to their highest level since August, leading to mixed copper price forecasts for 2024. However, prices began to retrace from their 5-month peak by the start of 2024. By mid-January, they remained trapped within […]

Renewables/GOES MMI: U.S. Transformer Shortage Pain Continues into 2024

Renewables/GOES MMI: U.S. Transformer Shortage Pain Continues into 2024

The Renewables index began 2023 fairly sideways. However, it broke that trend in Q3 and Q4 when it edged downward. Numerous components of the index, including silicon and cobalt, experienced market oversupply. This caused prices to drop and pulled the index down with it. Grain oriented electrical steel also experienced market volatility in Q3 and […]

Global Precious Metals MMI: Index Rises, But Long-Term Forecasts Remain Bearish

Global Precious Metals MMI: Index Rises, But Long-Term Forecasts Remain Bearish

The Global Precious Metals MMI (Monthly Metals Index) ended 2023 by breaking out of its sideways trend and rising 3.64%. However, most precious metals still lack strong bullish action. All precious metals retracted in January after experiencing rallies throughout December. Currently, precious metals prices, for the most part, lack the strength needed to break out […]

Aluminum MMI: U.S. Demand Muted, Russian LME Stocks Hit 90%

Aluminum MMI: U.S. Demand Muted, Russian LME Stocks Hit 90% Russian aluminum in LME warehouses

Following a more than 8% month-over-month increase in December, aluminum prices retraced during the first weeks of January, returning to their sideways trend. Markets appeared to shake off alumina supply jitters that saw prices spike at the end of 2023, as global demand remains muted. Nonetheless, there remains no expert consensus as to the overall […]

India US Trade Leaders Ease Duties, Forge Steel & Aluminum Export Harmony

India US Trade Leaders Ease Duties, Forge Steel & Aluminum Export Harmony india us trade

India US trade is primed to shift. Both countries seem eager to enter a new period of trade harmony, as India’s Ministries of Mines and Steel, along with the Department for Promotion of Industry and Internal Trade (DPIIT), recently set up an in-house system to oversee the export of steel and aluminum products to the […]

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