The January 2020 Monthly Metals Index (MMI) report is in the books, including coverage of rising steel prices, U.S. automotive sales, construction spending and much more. This month, all 10 of the MMIs increased. The GOES, Rare Earths and Global Precious MMIs were the biggest risers, surging by 19.1%, 5.3% and 4.5%, respectively. Keep up to […]
Category: Commodities
Don’t count on a commodities bear market forever
The inverse relationship between the strength of the U.S. dollar and the price of commodities has held good over time. That relationship isn’t a constant, of course. Political, economic or supply-demand fundamentals can trump dollar strength at times of stress. However, as a broad measure, it can impact prices day to day, week to week […]
Week in Review: U.S. auto sales, aluminum prices and U.S.-Iran tensions
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including: a natural gas transit deal between Russia and Ukraine; aluminum prices; the impact of escalating U.S.-Iran tensions on oil prices; and the copper demand picture. Looking for metal price […]
Oil price spikes, then retreats after assassination of top Iranian general — but what’s next?
The assassination of Iranian top military official Qassem Soleimani outside Baghdad airport last week caused a near 4% surge in oil prices and a drop in share prices as investors took fright at the prospect of an all-out war between the U.S. and Iran. Not long after, however, oil prices retreated over 4% to below […]
This Morning in Metals: Senate committee approval moves USMCA one step closer to ratification
This morning in metals news, the United States-Mexico-Canada Agreement (USMCA) received a bipartisan push from the Senate Finance Committee, average retail gasoline prices in 2019 were down compared with the previous year and iron ore futures in China reached an over five-month high. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Russia, Ukraine reach new agreement on natural gas transmission
In the short term, a new five-year gas transit agreement between Russia and Ukraine, agreed just 12 days before the current agreement is to expire, is good news for Europe, Russia and Ukraine — a rare example of pragmatism and compromise in today’s winner-takes-all approach to diplomacy. Looking for metal price forecasting and data analysis […]
Week in Review: 2019 in review, aluminum production and steel production
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! We took a look back at some of the top steel-centric posts of […]
This Morning in Metals: Copper prices surge to eight-month high
This morning in metals news, the price of copper has surged to an eight-month high, Nucor earlier this month announced a new coil paint line and iron ore prices were also up on the final Friday of 2019. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! […]
Week in Review: Trump’s trade deals, steel capacity utilization and Hindalco’s diversification plans
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of: India’s Hindalco, U.S. steel capacity utilization, Trump’s trade deals, the Department of Commerce’s circumvention rulings on steel routed through Vietnam, U.S. industrial production and more. Looking for […]
This Morning in Metals: Alcoa to close Point Comfort alumina refinery
This morning in metals news, Alcoa announced the closure of its Point Comfort alumina refinery, Glencore makes an acquisition and Alro Steel will open a new facility in February 2020. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Alcoa to close Point Comfort refinery Alcoa announced […]
