U.S. President Donald Trump has tweeted that he will immediately restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina, according to Reuters. On Monday, Trump also urged the Federal Reserve to prevent countries from taking advantage of a strong dollar by devaluing their currencies, reports Reuters. Both countries’ imports would get hit […]
Global Precious MMI: Trading Places: Subindex Drops 1.1% as Metals Swap Trends
No, we’re not talking about Eddie Murphy and Dan Aykroyd (although we do love that classic film). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Global Precious Monthly Metals Index (MMI) has just entered a two-month downtrend, with global trade uncertainties and other economic worries serving as a backdrop. […]
Podcast Ep. 6: How One of the Largest U.S. Truck Manufacturers Mitigates Tariff Risk — and Plans for 2020
In the aftermath of the Section 232 tariffs on steel and aluminum going into effect in March 2018, we heard and read a lot about some of the largest American OEMs and their business challenges. For example, Ford Motor Company’s claim that the tariffs cost the automaker $1 billion in profits last year. But what’s […]
Global Precious MMI: Subindex Cools on Palladium, Platinum Price Declines
After a scorching six-month uptrend, the Global Precious Monthly Metals Index (MMI) couldn’t get any hotter even as spring officially came around the corner, finally succumbing to a cooldown in April. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The subindex tracking a basket of gold, silver, platinum and palladium […]
Global Precious MMI: Palladium Prices Singlehandedly Heating Up a Frigid Winter
If you’re in the midwestern U.S., chances are your March has gotten off to a more-frigid-than-normal start. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Not so for the Global Precious Monthly Metals Index (MMI), which has gotten even hotter. The subindex tracking a basket of gold, silver, platinum and […]
This Morning in Metals: Tin Demand Outlook Rosy, US-China Trade Talks Plow Forth
This morning in metals, we’re getting up to speed on where the tin market could be in a decade, what U.S. and Chinese trade negotiators are continuing to discuss, and where the EU car market seems to be heading (hint: it’s not good news). Need buying strategies for tin? Request your two-month free trial of […]
Global Precious MMI: Platinum-Palladium Spread is the Largest in MMI History
Last month, we wrote that winter was apparently “just heating up” for the Global Precious Monthly Metals Index (MMI). Turns out we were right. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The subindex tracking a basket of gold, silver, platinum and palladium prices from four different geographies shot […]
Podcast Ep. 5: Reshoring Brought Record Number of Jobs Back to U.S. in 2017 — What Now?
Late last week, a CMO of a B2B mobile technology company published a lightly scathing take on the mainstream media’s characterization of the current “trade war” (a “farce,” according to the headline), by making the case for, among other things, reshoring. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Ostensibly […]
This Morning in Metals: Aluminum Market Distortions, Nucor Plate Mill and Small Business Concerns
This morning in metals, we’re tracking the following stories. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Global aluminum value chain under fire from China. The OECD has released a report titled “Measuring distortions in international markets: the aluminum value chain,” in which the organization places particular emphasis on unfairly subsidized aluminum […]
Precious Metals MMI: Norilsk, JPMorgan Chase Bullish on Hybrid Car Demand’s Role in Palladium Prices
It looks as though the winter is just heating up for the Global Precious Monthly Metals Index (MMI). The sub-index tracking a basket of gold, silver, platinum and palladium prices from four different geographies rose three points to hit 90 for the January reading — a 3.4% increase — driven by a still-hot palladium price. […]