The Renewables Monthly Metals Index (MMI) fell 1.0% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) First Cobalt, Glencore to open North American cobalt supply plant Canadian firm First Cobalt and miner Glencore plan to bring a new cobalt plant to North America, one that will supply the electric vehicle sector, the […]
Category: Metal Prices
Stainless MMI: Index ticks up 4.8% as demand in China begins to recover
The Stainless Monthly Metals Index (MMI) rose 4.8% this month.
Raw Steels MMI: Steel sector eyes demand pickup as automakers prepares to restart production
The Raw Steels Monthly Metals Index (MMI) held flat this month.
This Morning in Metals: U.S. steel shipments drop 6.3% in March
This morning in metals news, U.S. steel shipments fell in March, Chinese stainless steel futures surged to a nine-month high and BHP made its first yuan-denominated sale of iron ore to China’s Baosteel.
Copper MMI: Copper prices show tentative signs of bounce-back
The Copper Monthly Metals Index (MMI) moved up 4.8% this month.
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 […]