By most accounts, nickel has had a good run this year. Among a falling commodity market, nickel has been one of only a couple of metals products that have bucked the trend and seen strong gains. Nickel has jumped some 35% this year, largely on the back of supply-side fears. Looking for metal price forecasting […]
Category: Metal Prices
U.S. Year-to-Date Steel Capacity Utilization Rate Holds at 80.3%
The U.S. steel sector’s capacity utilization rate incrementally declined in recent months, falling from 81.0% for the year to date as of late August down to 80.3% as of this past week, according to the American Iron and Steel Institute (AISI). The year-to-date capacity utilization rate this year has reached as high as 81.9% (back […]
This Morning in Metals: Tata Steel Plans to Cut Jobs in Europe
This morning in metals news, Tata Steel is making job cuts across its European operations, U.S. Steel announced it plans to reduce its greenhouse gas emissions by 20% by 2030 and copper ticked up again Monday. Job Cuts Coming to Tata Steel’s European Operations Steelmaker Tata Steel will cut jobs throughout its European operations, Reuters […]
Week in Review: Copper Prices, ‘Steelmageddon’ and U.S.-E.U. Trade Talks
Before we head into the weekend, let’s take a look at the week that was and some of the metals coverage here on MetalMiner, including: copper prices, “Steelmageddon,” rising palladium prices, and aluminum and steel demand in Europe. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
The November MMI Report: Steel Prices Slide, Aluminum Moves Sideways
The November 2019 Monthly Metals Index (MMI) report is in the books. This month, just three of the Monthly Metals Indexes (MMIs) increased, while six declined and one held flat. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Some highlights from this month’s MMIs: It […]
Aluminum, Steel Demand Weakens in Northern Europe
The normally pragmatic Netherlands has been strangely agitated recently, as both the construction and agricultural industry have protested on the streets of the capital, the Hague, against the government’s measures for combating nitrogen and PFAS-based pollution. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In itself this would barely be […]
Renewables MMI: Cobalt Prices Gain on the Heels of Mutanda Closure News
The Renewables Monthly Metals Index (MMI) fell one point for a November MMI reading of 97. Slowing Cobalt Mine Output According to research group Antaike, global cobalt output growth is expected to slow in 2020, Reuters reported. The report cites Antaike nickel analyst Joy Kong, who said cobalt production is expected to rise by 5,000 tons […]
Raw Steels MMI: Global Steel Prices Fail to Gain Traction
The Raw Steels Monthly Metals Index (MMI) showed mixed price movements in October, with declines outweighing increases for a one-point index drop to 66. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices continued to weaken during October, possibly reaching a new bottom. Prices appeared to bottom out […]
Global Precious MMI: Palladium Prices Soar to Record High
The Global Precious Monthly Metals Index (MMI) jumped six points this month, rising for a November MMI reading of 113. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Palladium-Platinum Spread Widens As noted here many times before, platinum had historically traded at a premium […]
Stainless MMI: Index Falls One Point as LME Nickel Moves Sideways, SHFE Nickel Drops Slightly
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by one point to 87. The drop follows last month’s three-point decline to 88 on the heels of August’s five-year high of 91. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices continued to move sideways overall, […]
