The Renewables Monthly Metals Index (MMI) dropped one point this month for a December MMI reading of 96. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Glencore inks long-term cobalt supply deal with SK Innovation Glencore announced another cobalt supply deal, this time with SK Innovation. The […]
Category: Metal Prices
Global Precious MMI: Palladium-platinum spread widens; gold holds steady
The Global Precious Monthly Metals Index (MMI) dropped three points this month for a December MMI reading of 110. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Palladium-platinum spread widens Once again, the spread between U.S. palladium and platinum prices continued to widen this past month. Rising […]
Raw Steels MMI: Steel price increases boost the index
The Raw Steels Monthly Metals Index (MMI) showed some strength this month with a three-point increase, rising to 69 from 66 last month. U.S. steel prices rebounded in November when recent mill prices increases took effect. Once again, plate price increases have lagged behind the other forms, (similar to July, when plate prices failed to […]
Rare Earths MMI: Lynas picks Kalgoorlie for new cracking and leaching plant site
The Rare Earths Monthly Metals Index (MMI) fell one point for an MMI reading of 19. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Lynas selects site for new cracking and leaching plant Lynas Corp., the world’s largest rare earths firm outside of China, […]
Construction MMI: U.S. construction spending rises 1.1% year over year
The Construction Monthly Metals Index (MMI) ticked up two points for a December MMI reading of 78. U.S. construction spending According to the U.S. Census Bureau, U.S. spending on construction reached a seasonally adjusted annual rate of $1,291.1 billion in October, down 0.8% from September and up 1.1% compared with October 2018. Looking for metal price […]
A critical source of Platinum Group Metals (PGMs) faces instability and supply disruption
An important source of precious metals — and in particular, Platinum Group Metals (PGMs) — is in a spiral of diminishing returns and could run out of cash in 2020 with consequences for metal supply and market prices. Zimbabwe has been here before, it must be said. Looking for metal price forecasting and data analysis […]
Automotive MMI: Honda, Toyota post strong November U.S. sales totals
The Automotive Monthly Metals Index (MMI) held flat this month, posting a reading of 86 for the December MMI. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! U.S. auto sales As noted previously, General Motors, Ford and Fiat Chrysler all report sales on a quarterly basis. As […]
This Morning in Metals: U.S. steel prices gain momentum
This morning in metals news, U.S. steel prices have gained some upward momentum over the last month, the U.S. and Mexico are reportedly drawing closer to an agreement over revisions to the United States-Mexico-Canada Agreement (USMCA), and U.S. steel import permit applications declined in November. Looking for metal price forecasting and data analysis in one […]
Stainless MMI: Significant nickel price correction leads to a thirteen-point drop
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by thirteen points to 74, the third and largest consecutive monthly drop, with nickel prices correcting significantly. LME nickel prices finally corrected, now back to levels last seen in late July. While prices held on to higher levels for a few months based on […]
Week in Review: Steel production, the December MMO and gold 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: Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Global steel production contracted in October, according to the World […]