This morning in metals news, the U.S. and China will ink the previously agreed “phase one” trade deal today, the United States-Mexico-Canada Agreement (USMCA) is expected to be up for a vote in the U.S. Senate soon and China’s steel mills may be looking away from higher-grade iron ores. Looking for metal price forecasting and […]
Category: Metal Prices
Precious metals leave base metals in the shadows
We have covered the precious metals and palladium, in particular, a few times over recent months, not because we have suddenly become PGM investors (although looking at price performance, that would have been a fortunate move) but simply because they are the only metals sector showing any real dynamism. Looking for metal price forecasting and […]
Renewables/GOES MMI: Major U.S. companies sued over child mining of cobalt in Africa
The Renewables Monthly Metals Index (MMI) gained two points for a January MMI reading of 98. (Editor’s Note: This report also includes analysis of grain-oriented electrical steel.) Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Several U.S. majors named in lawsuit over child mining of cobalt CBS […]
Global Precious MMI: PGMs make gains after South Africa outages
The Global Precious Monthly Metals Index, a basket of precious metals, gained five points for a January MMI reading of 110. Platinum, palladium prices rise after South Africa outages Palladium and platinum prices received a boost last month after outages at South African mines, MetalMiner’s Stuart Burns explained. “Power cuts earlier this year pushed the […]
Raw Steels MMI: U.S. price increases push three-point index gain
The Raw Steels Monthly Metals Index (MMI) showed some strength again this month with another three-point increase, rising to 72. U.S. HRC and scrap prices increased quite a bit, while LME billet prices also registered double-digit increases. Key forms of steel increased across the board in the first half of December 2019. Plate prices increased […]
Rare Earths MMI: No lanthanide concentrate processing limit extension for Lynas in Malaysia
The Rare Earths Monthly Metals Index (MMI) ticked up one point for a January reading of 20. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Malaysian regulators opt not to increase Lynas’ processing limit Lynas Corp., the largest rare earths firm outside of China, announced in December […]
Week in Review: U.S. auto sales, aluminum prices and U.S.-Iran tensions
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including: a natural gas transit deal between Russia and Ukraine; aluminum prices; the impact of escalating U.S.-Iran tensions on oil prices; and the copper demand picture. Looking for metal price […]
Stainless MMI: Stainless surcharges fall, nickel prices increase slightly
The Stainless Steel Monthly Metals Index (MMI) gained one point for a January reading of 75. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Just a few months back, in September 2019, the index hit a five-year high of 91. LME nickel prices increased again in […]
Gold, silver prices on the rise in India amid U.S.-Iran tensions
Gold and silver prices in India have hit new highs recent days, to the glee of traders and the consternation of retail buyers. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Multiple reasons are being attributed to the price rises, first and foremost being rising geopolitical […]
Copper MMI: Uncertain demand continues to moderate copper price gains
The Copper Monthly Metals Index (MMI) increased by three points this month to 76, the highest value seen since hitting 78 in May. Individual price increases in the Copper MMI basket fell in the range of roughly 1-6%. LME copper prices managed to regain the $6,200 level but proceeded to move sideways from there due […]