The October MMI Report: Eight of 10 Subindexes Either Fall or Stay Put
Another month has come and gone, and MetalMiner’s October Monthly Metals Index (MMI) report is out.
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This month’s report featured four subindexes posting declines, four standing put and just two posting increases (Copper and Global Precious).
A few highlights from this month’s report:
- Aluminum prices surged then drifted back down early this month following news surrounding Norsk Hydro and its Alunorte alumina refinery.
- The Copper MMI, one of two MMIs to increase this month, reflected a recovering copper price. After a sluggish summer, the metal has recovered of late, recently breaching the $6,000/mt benchmark.
- It was a down month for several big automakers in terms of U.S. sales.
- U.S. construction spending in August was up 6.5% from August 2017 spending.
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Read about all of the above and much more by downloading the October 2018 MMI Report below:
[s3medialinksafe title=”Download the Report Here” file=”MMIReport_October2018.pdf” expireseconds=”300″ target=”_blank” /]
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