The Stainless Monthly Metals Index (MMI) showed little volatility during the month as all of its elements, including nickel prices, moved sideways. This translated to an overall 0.12% increase from September to October. U.S. Stainless Steel Prices, Market Holds Flat U.S. stainless prices maintained their sideways trend as mills continued the base price increases instituted […]
Category: Commodities
Will a 15% U.S. Tariff on EU Autos Reshape Global Car Trade?
In a move with major implications for the global automotive industry, the U.S. federal government has implemented a 15% import tariff on auto imports from the European Union. According to a federal register notice from September 24, the move affects cars as well as auto parts. That notice went on to indicate that the duties […]
Copper MMI: Copper Prices Drift Upward Despite Stock Surplus
The Copper Monthly Metals Index (MMI) broke above range, with a 3.7% rise from September to October. This comes as copper prices, along with many other metals, continue to show an upside bias. Copper Joins Other Base Metals in Upward Trend Comex copper prices hit a two-month high, barreling past the 11k per metric ton […]
Aluminum MMI: Mill Fire Adds Fuel to U.S. Aluminum Prices
The Aluminum Monthly Metals Index (MMI) remained sideways, rising by a modest 0.5% from September to October. Meanwhile, the price of aluminum remains in an uptrend, supported by a growing number of factors. Track other MetalMiner monthly indexes here, and compare how the overall industrial metal market is performing. Read the 5 golden rules for […]
Global Copper Deficit Balloons as Grasberg Collapse Joins Year of Disruptions
The global copper market has had quite the year. On September 8, approximately 800,000 tons of wet material flooded multiple levels of the Grasberg Block Cave mine in Papua, Indonesia, leading to the suspension of all underground operations. It was just one more event to add to the list of copper mining and supply disruptions […]
World Takes First Steps in Breaking China’s Stranglehold on Rare Earth Magnets Supply
Resource security when it comes to rare earth magnets is something the modern-day world has been desperately trying to get right. This is primarily due to rare earths’ increasing importance in electronics, defense, vehicles, and much more. For years, countries have been seeking ways to secure access to these vital resources. However, 90% of the […]
Iron Ore Prices Rebound Amid Surge in China’s Steel Export Outlook
Iron ore prices rose this week, despite the overall weakness in the steel industry. Analysts are puzzled by this contradiction, particularly as China’s steel production and local consumption are still not recovering at the rate they should be. According to sector experts, the recent surge hints at a gap between actual raw material demand and […]
Copper Titans Unite: Anglo and Codelco Crack World’s Top 5
The copper market recently experienced a significant development that could have big implications for global supply. Metals and mining multinational Anglo American has finalized an agreement with National Copper Corporation of Chile (Codelco) to merge operations at their respective Los Bronces and Andina copper mines, putting them among the top 5 largest sites in the […]
Global Precious Metals MMI: The Fed Cuts Rates by .25%. How are Precious Metals Prices Reacting?
The Global Precious Metals MMI (Monthly Metals Index) moved sideways, trending up by a slight 1.14%. Despite the sideways movement, precious metals prices have been anything but stale. The past two weeks have been dramatic for the precious metals market, as gold set new records, silver touched levels not seen since 2011 and palladium and […]
Steelmakers in Europe See Jump in Hot Rolled Coil Prices as People Return from Summer Holidays
Steelmakers in Europe are seeing a large jump in hot rolled coil prices as people start to return to work from their summer holidays, which could have significant implications for the steel industry. “Stocks are low,” one source said about inventories for the flat rolled product held by both stockists and end-users. Mills are currently […]