Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook We kicked off our November MMI this week. In case you missed it, revisit our subindex recaps […]
Lisa Reisman
This Morning in Metals: Copper Falls to One-Week Low
This morning in metals news, the copper price has slipped to a one-week low, builders in British Columbia are asking the Canadian government to loosen limits on steel imports and U.S. tariffs contributed to a Pittsburgh steelmaker’s down third quarter. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Copper […]
Aluminum MMI: Prices Fall After Supply Concerns Ease
The November Aluminum Monthly Metals Index (MMI) fell this month back to June 2017 levels, before MetalMiner called a bull market for aluminum. The current Aluminum MMI index stands at 88 points, three points lower than last month’s reading. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices fell in October. […]
This Morning in Metals: DOC Issues Affirmative Determination in Common Alloy Aluminum Sheet Cases
This morning in metals news, the Department of Commerce issued an affirmative determination its investigation of imports of common alloy aluminum sheet from China, China boasted strong October exports despite the U.S. tariffs, and aluminum prices are too low for such a tight market, according to analysts. Need buying strategies for steel? Request your two-month […]
Mitigating Supply-Chain Risk When Natural Disasters Strike
Hurricanes Harvey, Irma, Maria, Florence and Michael all battered the United States in the last year, impacting Texas and Louisiana, Florida (namely the panhandle and south Florida), Puerto Rico, and the Carolinas. According to FiveThirtyEight, Hurricane Harvey last year dumped approximately 27 trillion gallons of water on Texas and Louisiana last year, leading to a whopping […]
Conflict Gold Could Be Entering the U.S. Market Via Major Companies
We’ve touched on conflict materials in this space before, typically in reference to cobalt. A majority of the world’s cobalt is mined in the Democratic Republic of the Congo, where conditions at so-called artisanal mines (i.e., small-scale mines) are sub-standard, according to reports by a variety of NGOs. Among the concerns at these mines includes […]
Raw Steels MMI: Domestic Steel Prices Show Slowing Momentum
The Raw Steels Monthly Metals Index (MMI) decreased this month, dropping two points for an MMI reading of 87 points. The Raw Steels MMI had held at 89 points since August. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have showed slowing momentum since June 2018. Domestic […]
This Morning in Metals: Shangahi Rebar Steel Hits One-Month Low
This morning in metals news, Shanghai rebar has dropped to a one-month low, cobalt prices are set to rise after a mining halt at a Glencore location in the Democratic Republic of the Congo (DRC) and BHP says a train derailment will impact its iron ore exports from Australia. Need buying strategies for steel? Request […]
Copper MMI: Lower LME Copper Prices Drive Subindex Drop
In November, the Copper Monthly Metals Index (MMI) fell three points. The index fell back to September levels, driven by lower LME copper prices. The current Copper MMI stands at 74 points. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices traded lower in October. LME copper prices […]
This Morning in Metals: North American Aluminum Associations Petition for Tariff Exemptions
This morning in metals news, North American aluminum associations wrote a joint letter asking for quota-free tariff exemptions for Canadian and Mexican aluminum, European automakers plan to try out new LME steel contracts launching next year, and the LME copper price has dropped ahead of the U.S. midterm elections. Need buying strategies for steel? Request […]
