Overall, the Copper Monthly Metals Index (MMI) rose 3.48% from May to June. A short squeeze helped the price of copper peak at a new all-time high in late May, followed by a sharp downside correction. This resulted in an overall 3.7% rise from the close of April. CME copper prices then continued to retrace […]
Category: Commodities
Raw Steels MMI: Steel Prices Decrease, Surge of Vietnamese Steel Imports Fuel Dumping Concerns
The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 1.33% decline from May to June. As a whole, U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices […]
Preparing for Annual Contract Negotiations: A Guide for Metal Sourcing Companies
Metal sourcing firms must have a thorough awareness of market trends and metal prices to prepare for the approaching yearly contract negotiations in the fall. This involves identifying any swings in metals prices through in-depth investigation and analysis while also comprehending the variables behind these swings. Each week, MetalMiner’s newsletter covers these exact patterns. Sourcing […]
Norsk Hydro Comments on Current Aluminum Market Conditions
Recently, MetalMiner had the pleasure of speaking with Norsk Hydro about aluminum market trends, market insights and the general market outlook for the aluminum industry, especially in the U.S. As the premier green aluminum producer in the United States, Europe-based Norsk Hydro continues to make significant strides in helping to convert the aluminum extrusion market […]
Construction MMI: Sluggish Metal Demand in China Continues to Weigh on Industrial Metal Demand Globally
The Construction MMI (Monthly Metals Index) continued to hold sideways month-over-month, without significant bullish or bearish pressure on industrial metals. Overall, the index saw a slight 2.56% uptick in price action. However, it failed to break out of its 10-month-long sideways price range. Weekly Midwest bar fuel surcharges dropped significantly, which pulled the index down. […]
Automotive MMI: Will EV Demand Hold Copper Prices Up Long-Term?
The Automotive MMI (Monthly Metals Index) continued to rise month-over-month, this time increasing by 3.04%. Aluminum and platinum prices rose significantly, which pulled the index up and provided significant bullish price action. Meanwhile, copper prices also added some bullish sentiment to the index, though not quite as much as in May. Copper prices continue to […]
US Faces Critical Choice: Biden’s “Stability” or Trump’s “America First?”
2024 will be a year of big elections, particularly for the United Kingdom and the United States. Amid what many experts consider to be an escalating trade war, citizens in both countries can’t help but wonder what lies in store for UK and US trade. On July 4, the UK electorate will go to the […]
China’s Bold Leap into Solid State Battery Research: The Charge of the Future
In the bustling world of battery innovation, China continues to make headlines. This time, it’s all about solid-state batteries. Over the past several years, the nation steadily powered up its battery metals research and development efforts, betting big on this game-changing technology. But why all the buzz? Let’s take a closer look at China’s recent […]
Costs Set to Rise for U.S. Importers
An unexpected surge in demand could complicate global import logistics, raising prices for U.S. importers. So far, global GDP growth has remained broadly positive this year, with growth rates consistently above expectations. Reports also indicate that manufacturing PMIs are at their highest level in almost two years, and a rising demand for shipping space seems […]
New Heat-Resistant Aluminum Alloys Developed by Tianjin University to Revolutionize Aerospace Engineering
Chinese scientists recently announced the development of a technique to significantly enhance the heat resistance of aluminum alloys. The breakthrough will address a major challenge that has long restricted the use of this lightweight metal in critical fields such as aerospace and transportation. According to a report in the South China Morning Post, the team […]