The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by thirteen points to 74, the third and largest consecutive monthly drop, with nickel prices correcting significantly. LME nickel prices finally corrected, now back to levels last seen in late July. While prices held on to higher levels for a few months based on […]
Lisa Reisman
Week in Review: Steel production, the December MMO and gold prices
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: Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Global steel production contracted in October, according to the World […]
Copper MMI: Uncertain Demand Outlook Holds Back Index Gains
The Copper Monthly Metals Index (MMI) held at last month’s value of 73 based on November price data. LME copper prices took a sideways turn during November as uncertainty over the strength of the global economy continued to constrain copper prices. Source: MetalMiner analysis of London Metal Exchange (LME) and FastMarkets. The price continued to […]
MetalMiner Rewind: The age of the skills gap in U.S. manufacturing
As the year draws to a close, it’s a good time to take a look back at some of the commentary here on MetalMiner from this calendar year. One such example is our coverage of the “skills gap” in U.S. manufacturing was the subject of a recent webinar hosted by Avetta with MetalMiner’s participation. Earlier this year, […]
Aluminum MMI: Index near three-year low; demand remains constrained
The Aluminum Monthly Metals Index (MMI) held relatively flat this month, with a one-point increase to 83, as the majority of prices in the index showed mild increases. LME aluminum prices generally moved sideways during November and were unable to generate strong upward price momentum due to slower recent economic growth rates and uncertainty over […]
Long-term negative correlation between the dollar, gold prices takes a break
Gold prices surged this year due to greater uncertainty in the global macroeconomic environment. By August, the price briefly regained the $1,500/ounce price point and stood at $1,460/ounce in late November. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Over the longer term, […]
General Motors, Isuzu team up on new Ohio diesel engine plant
General Motors is teaming up with Tokyo-headquartered Isuzu, with plans to invest $175 million toward a new plant in Ohio, the Detroit automaker recently announced. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. The investment will be made through its joint venture with […]
The December MMO Report: Looking ahead to the final month of 2019
MetalMiner’s December 2019 Monthly Metal Buying Outlook is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Monthly Metal Buying Outlook, released at the beginning of every month, offers analysis and buying strategies for 10 metals: Aluminum Copper Nickel Lead Zinc Tin Hot-Rolled Coil (HRC) Cold-Rolled Coil […]
Global aluminum production rises in October; China’s production hits 3M tons
Global aluminum production in October totaled 5.39 million tons, according to a recent report by the International Aluminum Institute. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Global production through the first 10 months of the year reached 53.04 million tons, down 0.9% […]
November’s best: Nickel supply, steel prices and the copper deficit
It has been a busy, busy year for metals, ranging from steel prices’ trajectory as we head toward 2020 to nickel prices’ reaction to Indonesia’s impending nickel ore export ban. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. While it’s hard to believe, […]
