MetalMiner, the leader in metal commodities data and forecasting, has announced a strategic partnership with N-Alpha to launch MetalMiner Insights SV. This purpose-built spend analytics solution provides commodity visibility and forecasting at the part level across the energy/utilities, automotive/EV, aerospace and defense (A&D) and industrial manufacturing sectors. MetalMiner Insights SV, available to all MetalMiner customers […]
Category: Commodities
Stainless MMI: Stainless Bearish as Nickel Prices Sit Below 2023 Close
Overall, the Stainless Monthly Metals Index (MMI) steadied, with a modest 0.3% increase from November to December. Stainless, Nickel Prices to Depart 2024 on a Low Note Stainless distributors had nothing good to say about 2024 on the heels of the new year. To many, 2024 was mostly characterized by soft demand conditions and an […]
Construction MMI: China’s Export Tax Rebate Reverberates on U.S. Construction Market
The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. Despite a torrent of construction news, the index didn’t budge much month-over-month and had a minimal reaction to recent interest rate drops. The Fed will likely need to drop interest rates more aggressively for the construction index to display any […]
Déjà Vu for China: Copper Scrap Shortages Push Copper to New Heights
It’s déjà vu for China’s copper smelters. But how will it affect the global price of copper? The shortfall China faced in mid-2024 following the limited availability of copper ore in June led the country to significantly increase its imports of copper scrap as an alternative raw material. In fact, in the first five months […]
Raw Steels MMI: Steel Prices Hold Steady Ahead of 2025
The Raw Steels Monthly Metals Index (MMI) steel prices for the month remained consolidated, with a modest 1.78% decline from November to December. Mills Keep a Lid on Production, Steel Prices After a disappointing Q3 for U.S. flat rolled steel prices, mills appeared to take capacity discipline seriously in the final months of 2024. The […]
ThyssenKrupp Steel Slashes Jobs Amid European Steel Crisis
ThyssenKrupp Steel (TKS) recently announced plans to cut up to 11,000 positions. In a blow to the struggling EU steel market, the German steelmaker stated it would also reduce rolled production by an average 23%. “This is the company’s response to the further consolidation of fundamental and structural changes in the European steel market and […]
From Oil Kingdom to Mineral Titan? Inside Saudi Arabia’s Ambitious Mining Revolution
Saudi Arabia is striving to strike a balance between its oil and other mineral resources with the goal of trying to keep its energy dominance intact, something it has managed to do so far with regard to oil production. According to reports, the Kingdom wants to increase the GDP contribution of its mining industry to […]
Saudi Arabia: The Kingdom of Oil. However, is It Now the Kingdom of Metals?
With the growing imperative of a global clean energy transition, many nations face deficits in reserves of mineral resources. In response to this, a significant number of them are turning their focus to the African continent, but that’s old news. For the last year or so, Saudi Arabia has taken major steps beyond its traditional […]
Rare Earths MMI: Rebels Continue to Invade and Take Over Crucial Rare Earth Mines
The Rare Earths MMI (Monthly Metals Index) trended sideways with a slightly downward movement of 2.59%. Numerous factors remain at play within the global rare earths market. One of the most significant factors rare earths buyers need to remain aware of is the ongoing conflict within Myanmar, one of the world’s key rare earth suppliers, […]
Coking Coal’s Rollercoaster Ride: What 2024 Taught Us About Steelmaking’s Essential Ingredient
The story of coking coal in 2024, especially its price in global markets, has mainly been “one step forward and one step back.” A raw material essential for steel production, coking coal prices have been under pressure in the last half of 2024 due to sluggish growth in global steel output. Like other raw materials, […]
