The Aluminum Monthly Metals Index (MMI) bounced off last month’s three-year low with a three-point increase to 86. All prices in the index increased by more than 3%. LME aluminum prices increased in December and surpassed $1,830/mt in early January. Now analysts are watching to see if lackluster demand will allow recent increases to stick.
Category: Metal Prices
Construction MMI: November U.S. construction spending jumps 4.1% year over year
The Construction Monthly Metals Index (MMI) picked up one point for a January MMI reading of 79. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Automotive MMI: U.S. auto sales decline in 2019, average transaction prices rise
The Automotive Monthly Metals Index (MMI) picked up three points, rising to a January MMI reading of 89. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! U.S. auto sales General Motors reported it delivered 2.89 million vehicles in the U.S. market in 2019, up 12.7% compared with […]
This Morning in Metals: U.S. steel sector starts 2020 with 82% capacity utilization
This morning in metals news, the U.S. steel sector posted a capacity utilization rate of 82.0% to start the new year, copper prices made gains Tuesday and the Port Talbot steelworks’ losses continue to trouble Tata Steel.
Global aluminum production reaches 5.19M tons in November
According to recent data from the International Aluminum Institute, global aluminum production in November totaled 5.19 million tons, down from 5.35 million tons the previous month. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Production in November was also down on a year-over-year basis compared with 5.33 million tons produced in November 2018. […]
U.S. steel production up 1.8% in 2019
According to recent data from the American Iron and Steel Institute (AISI), U.S. raw steel production for the year through Dec. 21, 2019, had increased 1.8% compared with the same period in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production for the nearly full year in 2019 totaled […]
Week in Review: Housing starts, copper production and the Fiat Chrysler-PSA merger
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 coverage of: housing start data, copper mine production, the Fiat Chrysler–PSA merger and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
U.S. Steel posts Q4 losses, announces over 1,500 job cuts in Michigan
In its final quarterly report of the year, U.S. Steel last week cited a need to change to mitigate factors outside of its control. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Changes have come of late in the form of job losses and plant closures. Last week, U.S. Steel […]
Global copper mine production down 0.4% through Q3
Copper mine production fell slightly through the first three quarters of the year and prices have showed some upward momentum in Q4.
ArcelorMittal, Nippon Steel complete acquisition of India’s Essar Steel
It may have taken well over 850 days for its culmination, but the recent completion of an acquisition in India is being touted as the “single-biggest recovery” under the Insolvency and Bankruptcy Code (IBC) process in India.