With the February 2019 Monthly Metals Index (MMI) report, we can officially move past 2018 and begin to take a look at the world of metals thus far in the new year.
On the trade front, trade officials from the U.S. and China met in January for renewed talks on the ongoing trade standoff between the economic powerhouses. A March 2 deadline approaches, however, after which President Donald Trump had previously indicated the U.S. would up its tariff rate from 10% to 25% on a a wide variety of Chinese imports (worth approximately $200 billion).
However, this week the president indicated he might not stick to that March 2 deadline, which could allow for further negotiations between the two countries if the deadline were postponed.
Meanwhile, in the world of metals, seven of our 10 Monthly Metals Indexes (MMIs) made gains this post month, with the remaining three posting no movement.
A few highlights from this month’s round of MMI reports:
- The price spread between palladium and platinum reached its highest level in the history of MetalMiner’s MMI.
- The Copper MMI ticked up 2.7%.
- The Stainless MMI led the way this month, posting an 11.5% increase.
Read about all of the above and much more by downloading the February 2019 MMI Report below: