The Global Precious Metals MMI (Monthly Metals Index) showed some bullish momentum month-over-month, rising by 3.74%. Except for platinum, all precious metals prices saw increases. This uptick in movement was mainly thanks to the anticipation of interest rate cuts. The USDX (U.S. Dollar Index) also weakened slightly month-over-month, which offered prices more bullish pressure. With […]
Category: Investing Hedging
Global Precious Metals MMI: Gold Prices Continue to Fly High, but for How Long?
The Global Precious Metals MMI (Monthly Metals Index) narrowly missed trading flat, only budging down a mere 0.01%. Precious metals prices experienced an array of volatility in both directions, which held the overall index firmly in a sideways trend. Gold prices continue to rise while other precious metals like palladium and silver dropped (price trends […]
Lithium Market: Continued Growth, or Red Herring?
Lithium has rapidly become a critical element in the race to dominate the tech and energy sectors, resulting in a powerful and profitable global lithium market. This is mainly because the element plays an indispensable role in lithium-ion batteries, which don’t just “charge” our smartphones and laptops but also power electric vehicles. As the global […]
Unlocking Efficiency: The Art of Metal Price Forecasting
Metal price forecasting is essential for businesses that buy metal, particularly when dealing with commodities like copper, steel, and aluminum. By precisely projecting future metals prices, companies may make educated judgments regarding their purchasing strategy and ensure that they acquire the metals at the most advantageous periods. Companies that understand the importance of metal price […]
Aluminum Bulls Hit a Wall: Prices Plunge Despite Green Energy Hype
After aluminum prices increased in the spring and early summer, bulls became exuberant, believing that “green” initiatives like EVs, renewables, and associated power transmission technology would push the metal price higher. However, contrary to their expectations, the LME price continued to fall steadily since early June, a trend mirrored on China’s SHFE. This decline leaves […]
Global Precious Metals MMI: Precious Metals Prices to Experience More Volatility
The Global Precious Metals MMI (Monthly Metals Index) held its four-month long sideways trend month-over-month. All in all, the index narrowly missed trading flat, only budging down 0.18%. However, numerous factors continue to pull at precious metals prices in general. Gold, for one, appeared to finally be settling down after reaching record highs earlier in […]
Copper MMI: Copper Prices Bounce On Market Optimism, Chinese Premium
Overall, the Copper Monthly Metals Index (MMI) fell 6.66% from June to July. Following a nearly 5% decline throughout June, copper prices found an at least temporary bottom at the end of the month. Prices rose 4.35% during the first week of July as market signals improved. There are numerous factors affecting copper prices today. […]
Stainless MMI: Bearish Stainless Demand Leads to Steep Discounts
Overall, the Stainless Monthly Metals Index (MMI) reversed to the downside, with a 10.88% drop from June to July. Nickel prices experienced heavy losses during June, securing the title of worst-performing base metal with an over 14% decline. Prices had fallen over 19% from their May 20 peak by early June as they remained in […]
Global Precious Metals MMI: Long-Term Precious Metal Price Direction Remains Uncertain
The Global Precious Metals MMI (Monthly Metals Index) showed slight upward price action month-over-month, rising by 2.57%. Despite this, the overall trend of the index held sideways. In terms of specific precious metal prices, platinum and silver experienced upward price action through May before retreating back into range at the beginning of June. This served […]
Copper MMI: Copper Prices Reverse as Speculative Rally Unravels
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 […]