The Renewables Monthly Metals Index (MMI) picked up by 6.0% for this month’s reading, as cobalt prices picked up and the U.S. government last month announced a number of efforts aimed at strengthening domestic supply chains for critical minerals. Keep an eye on the MetalMiner weekly newsletter for analysis of everything going on in the world […]
Fouad Egbaria
Rare Earths MMI: White House moves to develop domestic rare earths supply
The Rare Earths Monthly Metals Index (MMI) rose by 15.0% for this month’s index value, as rare earths prices rose across the board. Keep an eye out for rare earths news and analysis in the MetalMiner weekly newsletter. White House announces developments in domestic rare earths sector The White House last month announced new efforts to […]
Construction MMI: Russian invasion of Ukraine impact on US real estate market minimal
The Construction Monthly Metals Index (MMI) rose by 4.7% for this month’s reading, as metal prices continue to see support from geopolitical turmoil, in addition to ongoing supply fears. Invasion impact on US real estate? Minimal, NAR says We have overviewed the impact of the Russian invasion of Ukraine on everything from oil prices to […]
Automotive MMI: Palladium prices, nickel prices surge as sanctions hit Russia
The Automotive Monthly Metals Index (MMI) fell by 0.7% for this month’s value, as palladium prices have surged while steel prices have retreated. Last year, MetalMiner added a suite of precious metals prices to the MetalMiner Insights platform. Russia-Ukraine war, the auto sector and palladium prices The Russian invasion of Ukraine has yielded commodity price volatility […]
Renewables/GOES MMI: EIA forecasts rise in electricity generation from renewables
The Renewables Monthly Metals Index (MMI) rose by 2.9% for this month’s reading. EIA: electricity generation from renewables to rise in 2022, 2023 The Energy Information Administration forecast the U.S. share of electricity generation from renewables will rise in 2022 and 2023. “Our forecast for the natural gas share as a generation fuel declines primarily […]
Global Precious MMI: Gold prices rise; Fed continues tapering
The Global Precious Monthly Metals Index (MMI) rose by 4.1% for this month’s reading. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Gold prices make gains to close 2021 Gold prices picked up steam throughout the final month of 2021. The U.S. gold spot price opened December […]
Rare Earths MMI: China merger forms rare earths giant
The Rare Earths Monthly Metals Index (MMI) rose by 1.7% for this month’s reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. China consolidates trio of rare earths units As Beijing has sought to control its domestic metals production in the form of state-directed company consolidation, it has […]
Automotive MMI: Toyota edges GM in 2021 US auto sales
The Automotive Monthly Metals Index (MMI) fell by 3.4% for this month’s reading, as auto sales continued to slump in the face of ongoing supply and inventory constraints. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. US auto sales In the U.S. market, General Motors reported […]
This Morning in Metals: Aluminum prices boom to close first week of 2022
This morning in metals news: aluminum prices have surged this week; U.S. nonfarm payroll employment rose by 199,000 in December; and, lastly, electricity prices surged throughout 2021, in large part on the back of rising natural gas prices. Request a 30-minute demo of the MetalMiner Insights platform now. Aluminum prices surge Aluminum prices are on […]
Construction MMI: Construction spending gains, pace of ABI growth slows
The Construction Monthly Metals Index (MMI) rose by 3.3% for this month’s reading, as construction spending picked up in November. U.S. construction spending reached a seasonally adjusted annual rate of $1,625.9 billion in November, or up 0.4% from October, the Census Bureau reported. Furthermore, the November rate marked a 9.3% year-over-year increase. Meanwhile, through the […]
