The Construction MMI (Monthly Metals Index) managed to break out of its sideways trend, moving up by 6.73%. Construction news indicates that the market could see more bullish sentiment if the Fed continues its dovish stance on interest rates, dropping them steadily (get weekly updates on macroeconomic news impacting your metal buy with our weekly […]
Category: Macroeconomics
Copper MMI: Copper Prices Sideways After Trump Election
Overall, the Copper Monthly Metals Index (MMI) retraced to the downside, with a 3.56% decline from October to November. After outperforming the base metal category last month, Comex (CME) copper prices found a peak on October 3. This was followed by a modest retracement that saw copper prices fall 5.21% from the close of September. Despite […]
Europe’s Steel Price Surge: Will Buyers Bite?
Steelmakers in Western Europe are trying to push through increases for their hot rolled coil, though sources noted that it was hard to determine where steel prices were at present. Reports indicate that mills are now seeking about €600 ($650) EXW per metric ton, reflecting an increase from deals that were as low as €520-530 […]
China’s Reports Record Iron Ore Imports Despite Steel Slump. What’s Behind This?
A familiar story is playing out in China this October, and it could have ramifications for the global iron ore price. Despite several rounds of economic stimuli not having the desired effect and the consumption of steel remaining at record lows, China is on the way to importing record volumes of iron ore this month. […]
China’s Economic Struggles: Why Cutting Rates Isn’t Enough to Boost Steel Demand
No matter the type or amount of stimuli put in by the Chinese Government, the country’s economy is just not getting back into revival mode. Meanwhile, China’s beleaguered steel industry continues to suffer. As part of efforts to boost economic growth, China cut down its benchmark lending rates after the apex bank lowered interest rates […]
Global Precious Metals MMI: Gold Once Again Hits Record Highs
The Global Precious Metals MMI (Monthly Metals Index) continued to make gains this past month, rising by 5.07%. Gold once again reached unprecedented highs, hitting $2,697 per ounce in October due to safe-haven demand spurred by economic concerns and U.S. election uncertainty. Other precious metals prices, like silver, also saw gains. Meanwhile, platinum began to […]
China’s Stimulus Sparks Copper Price Surge – Is a Long-Term Rally in Sight?
A glimmer of hope for an economic recovery in China has sent the price of copper soaring following a rekindling of interest from investors. On Monday, both zinc and copper prices hit a four-month high on the London Metal Exchange. In fact, copper prices rose on both the LME and the Shanghai Futures Exchange. Three-month […]
How Black Swan Events Impact Metal Sourcing. What Can Companies Do to Protect Their Bottom Line?
If you’ve been in the metal procurement game long enough, you’ve likely encountered unanticipated market shocks. These rare occurrences, known as “Black Swan events,” hit hard, leaving devastating consequences in their wake. From global pandemics to geopolitical conflicts, Black Swan events can cripple industrial metal markets, forcing companies to scramble to source critical materials and […]
Copper MMI: New Trends Impacting Sideways Copper Prices in 2025
Overall, the Copper Monthly Metals Index (MMI) moved sideways, with a 1.49% rise from August to September. Following roughly two months of declines, the price of copper stabilized during August after they found a bottom on August 8. Prices saw a modest rebound following rate cut cues from the Fed. However, the rally proved short-lived, […]
Global Precious Metals MMI: Precious Metal Prices Witness Bullish Momentum
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 […]
