The November MMI Report: Eight of 10 Subindexes Post Drops

The November Monthly Metals Index (MMI) report is in the books.
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This month’s report again saw a majority of the MMI subindexes post declines. Only the Global Precious and GOES MMIs increased, while the Rare Earths MMI held at the same level as the previous month.
Several highlights from this month’s report:

• Sales were down for major automakers Ford and General Motors, but each reported higher average transaction prices.
• U.S. construction spending in September was flat compared with August, but year-to-date spending continues to exceed 2017 levels.
• Concerns about aluminum supply have eased following developments at Norsk Hydro’s Alunorte refinery and the U.S. Treasury’s second pushback of the sanctions deadline vis-a-vis Russian companies (including Russian aluminum giant Rusal).
• The quest to win tariff waivers from the Department of Commerce continues to heat up, particularly as those requests receive pushback from domestic steel and aluminum producers.

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Read about all of the above and much more by downloading the November 2018 MMI Report below:
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