The Copper Monthly Metals Index (MMI) held at last month’s value of 73 based on November price data. LME copper prices took a sideways turn during November as uncertainty over the strength of the global economy continued to constrain copper prices. Source: MetalMiner analysis of London Metal Exchange (LME) and FastMarkets. The price continued to […]
Category: Metal Prices
Nickel not joining in the Christmas cheer
We observed last month that the peak had passed in nickel prices and earlier suggestions from some quarters that nickel may hit $20,000 per ton were highly unlikely. Any stainless consumers taking that on board and living hand to mouth will have seen surcharges come down and should have been able to trim stocks in […]
Aluminum MMI: Index near three-year low; demand remains constrained
The Aluminum Monthly Metals Index (MMI) held relatively flat this month, with a one-point increase to 83, as the majority of prices in the index showed mild increases. LME aluminum prices generally moved sideways during November and were unable to generate strong upward price momentum due to slower recent economic growth rates and uncertainty over […]
Long-term negative correlation between the dollar, gold prices takes a break
Gold prices surged this year due to greater uncertainty in the global macroeconomic environment. By August, the price briefly regained the $1,500/ounce price point and stood at $1,460/ounce in late November. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Over the longer term, […]
The December MMO Report: Looking ahead to the final month of 2019
MetalMiner’s December 2019 Monthly Metal Buying Outlook is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Monthly Metal Buying Outlook, released at the beginning of every month, offers analysis and buying strategies for 10 metals: Aluminum Copper Nickel Lead Zinc Tin Hot-Rolled Coil (HRC) Cold-Rolled Coil […]
Global aluminum production rises in October; China’s production hits 3M tons
Global aluminum production in October totaled 5.39 million tons, according to a recent report by the International Aluminum Institute. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Global production through the first 10 months of the year reached 53.04 million tons, down 0.9% […]
November’s best: Nickel supply, steel prices and the copper deficit
It has been a busy, busy year for metals, ranging from steel prices’ trajectory as we head toward 2020 to nickel prices’ reaction to Indonesia’s impending nickel ore export ban. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. While it’s hard to believe, […]
This Morning in Metals: U.S. steel imports down 16%
This morning in metals news, U.S. steel imports were down 16% through the first 10 months of the year, steel companies are raising their prices and protests continue in the world’s top copper-producing country. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Steel […]
Don’t look to Beijing to raise global growth via stimulus as it has in the past
In previous downturns, Beijing has taken a range of stimulus measures to keep the economy growing robustly; as a result, it has contributed positively to global GDP and commodity prices. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. But this time around Beijing […]
This Morning in Metals: Italy, ArcelorMittal to negotiate over Ilva steel plant
This morning in metals news, steelmaker ArcelorMittal is engaged in negotiations over its prior plans to take over Italy’s troubled Ilva plant, Norsk Hydro sold one of its plants in Spain and copper prices made gains Monday. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade […]