The Copper Monthly Metals Index (MMI) moved up 4.8% this month.
Category: Metal Prices
ArcelorMittal reports Q1 net loss of $1.1B, suspends dividend payments
Steelmaker ArcelorMittal late last week released its Q1 2020 financial results, reporting a net loss of $1.1 billion amid challenges stemming from the COVID-19 crisis.
Week in Review: Challenges ahead for shipping; automakers prep restarts; aluminum prices
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, including coverage of: automotive sales, U.S. construction spending, aluminum prices on the SHFE and LME, and gold’s growing premium over silver. Looking for metal price forecasting and data analysis in […]
To the chagrin of domestic producers, India becomes net importer of copper
The COVID-19 pandemic — and even conditions prior to that — has turned India into a net importer of copper, with at 132,445 tons imported between April 2019 and January 2020.
After historic gold-silver price gap in March, investors are starting to bet on silver
Something peculiar is going on in the precious metals markets.
Aluminum MMI: LME, SHFE prices diverge as Chinese demand recovers slowly
The Aluminum Monthly Metals Index (MMI) rose 1.4% this month. As China slowly recovers, SHFE and LME prices diverge After moving in relative harmony, aluminum prices on China’s SHFE and global prices on the LME have diverged sharply over the last month. Investors have dumped LME and bought SHFE on the expectation demand is picking […]
This Morning in Metals: Reuters: Trump administration to draft plans for moon mining
This morning in metals news, Reuters reports the Trump administration plans to unveil plans that will outline a legal framework for mining on the moon, Norsk Hydro recently released its first-quarter results and Chinese iron ore futures made gains Wednesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
Rare Earths MMI: Lynas restarts operations at Malaysian processing facility
The Rare Earths Monthly Metals Index (MMI) fell 4.5% this month. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Construction MMI: Construction spending rises 0.9%; housing starts fall 22%
The Construction Monthly Metals Index (MMI) held flat this month.
This Morning in Metals: Steel capacity utilization rate falls to 51.1% last week
This morning in metals news, the U.S. steel sector’s capacity utilization rate fell to 51.1% for the week ending May 2, Cleveland-Cliffs’ AK Steel Dearborn Works will be shuttered, and the U.S. Department of Commerce will self-initiate a Section 232 investigation of imports of laminations and wound cores for incorporation into transformers, electrical transformers, and […]