Lisa Reisman, MetalMiner’s managing editor, explains why MetalMiner’s MMI indexes got started, and how a metal-buying company can use them to track their metal purchases.
“About a year and a half ago, I got a phone call from somebody who represents an oil-and-gas concern, formerly run by a former vice-president of the United States…you might know the firm,” Lisa quipped at the recent Commodity Trends Outlook in Grand Rapids.
After the caller told her they buy a lot of high-strength stainless alloys, nickel products, and a range of other metals, Lisa realized they simply were looking to track their metals purchases in a more up-to-date fashion.
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Now, are the MMIs a bullet-proof way of reading the metals markets, and forecasting future price trends?
We can’t yet promise a resounding “Yes” to that question — you’ll need to be the judge — but since we’re obsessed with finding the most innovative ways for metal-buying companies to manage their commodity risk, we’ve taken a stab at a new, more comprehensive way of looking at the key components of several metals markets.