With the January 2019 Monthly Metals Index (MMI) report, we can close the book on 2018 and what was a wild year in the world of metals and metals price movements.
It was a book that closed with a pessimistic chapter for metals (and commodities in general), with many posting price declines as markets feel the effect of simmering trade tensions between the U.S. and China.
In our latest MMI report, you can read about all of the latest news and trends in our 10 metals subindexes: Automotive, Construction, Rare Earths, Renewables, Aluminum, Copper, Stainless Steel, Raw Steels, GOES and Global Precious.
A few highlights from this month’s round of reports:
- Chilean copper production in November reached its highest level in 13 years.
- U.S. automotive sales held about even with the previous year, but sales in China slumped in 2018.
- Cobalt watchers will be keeping close tabs on the recent election in the Democratic Republic of the Congo and where the political process in the country goes from here.
- Both U.S. and Chinese steel prices have been sliding.
- LME nickel prices and stainless steel surcharges also declined last month.
Read about all of the above and much more by downloading the January 2019 MMI Report below: