The Copper Monthly Metals Index (MMI) remained sideways, with a 1.87% decline from July to August. Meanwhile, the price of copper saw some notable upticks from August to September, as well as some significant drops. Keep up with why and when the price of copper shifts in 2025. Get the latest updates with MetalMiner’s free […]
Category: Commodities
Automotive MMI: U.S. Automakers Grapple with Metal Supply Complications
The Automotive MMI (Monthly Metals Index) moved sideways, dropping a slight 2.3%. This comes as the US automotive market, manufacturers in particular, are facing a one-two punch of rising costs and potential shortages in their metal supply chains. A big reason for this is steep tariffs on steel, aluminum and other inputs, which are driving […]
Raw Steels MMI: Steel Prices Search for New Low
The Raw Steels Monthly Metals Index (MMI) moved sideways with a downside bias, falling 0.96% from August to September. U.S. Steel Prices Continue to Unravel U.S. steel prices remain in search of a new bottom. As of early September, hot rolled coil prices sit at their lowest level since February 21, having unraveled much of […]
Rare Earths MMI – End of Summer Rally: New U.S. Policy Moves and 40% Price Spikes
The Rare Earths MMI (Monthly Metals Index) moved sideways, but gained bullish momentum from the prior month, rising 2.15%. This comes as the rare earths market experienced numerous developments over the past 30 days, including discussions between Malaysia and China to develop new plans for rare earth processing. Notably, this would be limited strictly to […]
China Lifts Rare Earth Export Curbs On India
In a move with far-reaching implications for global supply chains and global diplomacy, China has lifted its export restrictions on rare earths to India. The monumental decision also includes key commodities like fertilizers and tunnel boring machines, and follows high-level talks between Indian External Affairs Minister S. Jaishankar and Chinese Foreign Minister Wang Yi, who […]
Will Demand Drive a $126 Billion Bauxite Market by 2033?
Despite a few hiccups and occasional worries of oversupply, the global bauxite market has been growing steadily. Much of this expansion has been fueled by rising demand in the aluminum market, especially from automotive, aerospace and renewable energy sectors. About 60% of EV manufacturers and over 70% of aerospace materials use aluminum in one form […]
Will EU Steel Hikes Spill Over into U.S. Prices?
According to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost […]
China vs. Canada: Steel Showdown Heads to the WTO
China’s decision to file a complaint in the World Trade Organization against Canadian tariffs and the steel tariff rate quota has re-focused the spotlight on what many have dubbed an “already-strained trade relationship” between the two countries. A few years ago, both nations resorted to tit-for-tat measures, including tariffs on everything from canola to electric […]
Global Precious Metals MMI: Bulls and Bears Quarrel Over Gold Price Projections
The Global Precious Metals MMI (Monthly Metals Index) finally lost bullish steam and moved sideways, rising only 0.81%. The past month has seen significant swings in precious metals prices. Safe-haven demand drove several metals to multi-year highs in late July, followed by partial pullbacks in August as market winds shifted. Gold and silver, in particular, […]
Raw Steels MMI: Steel Prices Soften, More Tariffs on Deck
The Raw Steels Monthly Metals Index (MMI) accelerated during the month, moving up 3.87% from July to August as steel prices continued to slide. U.S. Steel Prices Continue Slow Downtrend U.S. steel prices have remained within a slow but steady downtrend since their late-March peak. As of mid-August, prices were down 9.49%, falling to their […]