The Aluminum Monthly Metals Index (MMI) dropped by one point again this month, this month down to an MMI reading of 82. However, rather than universal price weakness like last month, price declines in China pulled the index down (along with a milder drop in LME prices). All other prices in the index increased, although […]
Category: Metal Prices
Week in Review: Steel Production, Copper Prices and India’s Nuclear Power Capacity
Before we head into the weekend, let’s take a look back at this week’s coverage on MetalMiner, which included analysis of Chinese steel production, the U.S.’s search for sources of rare earths outside of China, and falling copper and aluminum prices. Keep up to date on everything going on in the world of trade and […]
This Morning in Metals: Codelco to Hold European Copper Premium Flat
This morning in metals news, Codelco is holding its 2020 copper premium flat for Europe, China’s yuan could see further devaluation and Alcoa’s Baie-Comeau smelter has received certification from the Aluminum Stewardship Initiative. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Copper Premium […]
Construction MMI: Architecture Billings Show Signs of Slowing Down
The Construction Monthly Metals Index (MMI) held flat this month, sticking at an MMI reading of 77. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Construction Spending According to the U.S. Census Bureau, U.S. construction spending in August reached a seasonally adjusted annual […]
Automotive MMI: After Strong August, Sales Slow in September
The Automotive Monthly Metals Index (MMI) held flat this month for an MMI reading of 85. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Auto Sales The Big 3, which now all report sales on a quarterly basis, released sales figures for the […]
Aluminum Prices Slide on Supply and Demand Fundamentals, Strong Dollar
Aluminum consumers have watched the primary ingot price drift gradually lower since the beginning of this year. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. There have been peaks and troughs, of course, as the price is buffeted by trade news, mill outages […]
This Morning in Metals: WTO Panel Rules in U.S.’s Favor, Opening Door to $7.5B in Tariffs on E.U. Goods
This morning in metals news, the WTO ruled in favor of the U.S. in its ongoing battle with the E.U. over Airbus subsidies, striking workers at General Motors rejected the automaker’s latest offer, a Louisiana steel group has gone bankrupt and copper prices are slumping. Keep up to date on everything going on in the […]
Copper Prices Forecast to Weaken Further Amid Gloomy Chinese Demand Picture
I have often thought the moniker of Dr. Copper to be something of a misnomer for the red metal. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. The argument goes copper’s core roles in numerous industries – power generation and transmission, consumer electronics, […]
This Morning in Metals: U.S. Steel Announces Joint Venture Partnership with Big River Steel
This morning in metals news, U.S. Steel announced a new joint venture with Big River Steel, the E.U.-U.S. fight over aircraft subsidies continues and Chile’s copper output increased in August. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Steel to Purchase 49.9% […]
Global Steel Production Rises 3.4% in August; China’s Production Jumps 9.3%
Global crude steel production increased 3.4% in August on a year-over-year basis, the World Steel Association reported. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Production for the month reached 156 million tons, according to the World Steel Association report, which collects production […]