A procurement platform is only useful if it reflects real procurement purchasing risks. That means steel, aluminum, copper, stainless, critical minerals, and all other types of industrial metals which require metal price forecasting. If your team buys across any of these categories, you should not need multiple tools to understand your position. You should only […]
Category: Metal Prices
Are You Using the Right Tools to Make Metal Buying Decisions?
The use of AI for metal purchasing companies has value. Black-box answers do not. With that said, what services does MetalMiner offer based on AI usage? First, one must understand that skepticism toward AI is not the issue. Skepticism toward unexplained answers is. That distinction matters in metals procurement. Finance leaders and procurement leaders do […]
How to Roll Out Forecasting Tools in Your Organization Without Losing Control
Rolling out MetalMiner and its forecasting tools is not about installing a tool. It is about building a consistent operating model for how your company understands and acts on metal markets. Without that structure, different teams interpret prices differently, and decisions become fragmented. Metal buying quickly becomes complicated across regions, business units, and product lines. […]
Top Metal Price Forecasting Tools: What Successful Teams Do Differently
The best metal buying teams are not flashy. They are disciplined. So what are the top metal price forecasting tools? They are the ones that clearly define exposure and price risk, follow a calculated process, and make decisions before markets force their hand. Over time, that discipline matters more than any single metal buy. Historical […]
Europe’s HRC Market Braces for Shock as EU Eyes Deep Quota Cuts and 50% Tariffs
Hot rolled coil prices in Europe have remained largely unchanged in the past two weeks. However, a proposal by the European Union to slash import quotas has raised concerns among market participants. Hot Rolled Coil Deliveries Surging into the EU Mills in northern Europe continue to seek €580-600 ($700) per metric ton EXW for the […]
Global Precious Metals MMI: What’s Driving the Precious Metals Bull Run?
The Global Precious Metals MMI (Monthly Metals Index) saw a sharp rise in price action, jumping by 14.44%. This comes as all four major precious metals prices spiked in early October. Gold recently notched all-time highs again, while silver briefly hit $54/oz before a steep pullback. Meanwhile, platinum and palladium are also near multi-year highs. […]
Automotive MMI: Critical Mineral Restrictions Shake US Auto Supply Chains
The Automotive MMI (Monthly Metals Index) moved sideways, rising a slight 1.39%. As a whole, the US automotive market is facing a number of challenges necessitating both innovation and resilience. Why Are Critical EV Minerals in Short Supply? Automakers are grappling with shortages of critical minerals needed for electric vehicles and high-tech components. Rare earth minerals […]
Stainless MMI: Stainless Mill Hold Prices Ahead of Contracting
The Stainless Monthly Metals Index (MMI) showed little volatility during the month as all of its elements, including nickel prices, moved sideways. This translated to an overall 0.12% increase from September to October. U.S. Stainless Steel Prices, Market Holds Flat U.S. stainless prices maintained their sideways trend as mills continued the base price increases instituted […]
Copper MMI: Copper Prices Drift Upward Despite Stock Surplus
The Copper Monthly Metals Index (MMI) broke above range, with a 3.7% rise from September to October. This comes as copper prices, along with many other metals, continue to show an upside bias. Copper Joins Other Base Metals in Upward Trend Comex copper prices hit a two-month high, barreling past the 11k per metric ton […]
Aluminum MMI: Mill Fire Adds Fuel to U.S. Aluminum Prices
The Aluminum Monthly Metals Index (MMI) remained sideways, rising by a modest 0.5% from September to October. Meanwhile, the price of aluminum remains in an uptrend, supported by a growing number of factors. Track other MetalMiner monthly indexes here, and compare how the overall industrial metal market is performing. Read the 5 golden rules for […]