Articles
LME and CME Russian Metal Ban Prompting Speculation About Market Fragmentation
By now, anyone in the metals market will know that the U.S. and UK recently banned the consumption of Russian aluminum, copper, and nickel produced
A Blow to China’s Steel Dumping Tactics: Triple Tariffs
New China tariffs may soon change the country’s steel market tactics. China continues to sit on a stockpile of steel, and it has no idea
ThyssenKrupp Responds to Market Turbulence with Bold Production Cuts
Germany flats producer ThyssenKrupp Steel (TKS) recently announced plans to cut its production capacity by an average of 19.5%, citing current market conditions as the
Global Precious Metals MMI: Gold Prices Surge, But is It a Gold Rush, or Gold Bust?
Month-on-month, the Global Precious Metals MMI (Monthly Metals Index) rose by 8.25%. However, shortly after April 1, precious metal prices, particularly gold and silver, began
Will the Taiwan Earthquake Impact Semiconductor Production?
Reports indicate that the earthquake that struck Taiwan on April 2 is unlikely to create either supply or manufacturing difficulties for Taiwan semiconductors (microchips), which could subsequently impact
LME’s Russian Metal Ban Shifts Global Metal Trade Dynamics
China will undoubtedly become an even more significant buyer of Russian metals following the London Metal Exchange’s ban on newly produced Russian aluminum, copper, and
Copper MMI: Sanctions Hit Copper Market, Volatility Ahead
Copper prices continued their breakout during March, rising 4.25%. Prices then formed a second higher high on March 15, followed by a new higher low
Tata Steel Workers to Strike Against Port Talbot Blast Furnace Closures
Tata Steel workers associated with the Unite Trade Union at Port Talbot recently voted to strike over plans to replace the site’s two blast furnaces
Aluminum MMI: Prices Inch Toward 2023 High Amid China Supply Cut
Overall, the Aluminum Monthly Metals Index (MMI) remained sideways, with a 2.03% rise from March to April. Aluminum prices outperformed all base metals throughout March,
Renewables MMI: Index Takes Dive as Renewable Energy Funds Waiver
The Renewables MMI (Monthly Metals Index) slowed its decline and began flattening out. Overall, the index dropped a slight 0.36%, demonstrating sideways price action month-on-month.
Construction MMI: Manufacturing Boom Helping Industrial Metal Demand, Construction Delays Hurting It
Month-over-month, the Construction MMI (Monthly Metals Index) moved sideways for the fourth month in a row, only sliding down a slight 2.87%. Of all industrial
Raw Steels MMI: Steel Prices Flatten, Is an Uptrend Next?
The Raw Steels Monthly Metals Index (MMI) moved sideways, with a modest 1.38% decline in steel prices from March to April. U.S. flat rolled steel
Liberty Steel’s Ambitious Expansion Strategy Revealed: Hiking Capacity at Rotherham Plant
Liberty Steel recently announced a restructuring plan for its operations in the United Kingdom after signing a new framework agreement with creditors. Among other things,
Stainless MMI: Nickel Prices Retrace Amid Slow Stainless Market
Nickel prices continued to the upside during the first half of March, taking a momentary pause from their long-term downtrend. However, prices found a peak
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