Aluminum base prices on the London Metal Exchange (LME) have been sliding for the last couple of months, suggesting we have a market in surplus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last […]
Category: Metal Prices
China Flat-Rolled Steel, Part 2: Weaker Economy Could Dampen Steel Prices
(Editor’s note: This is the second of a two-part series. Read Part 1 here.) The International Monetary Fund (IMF) recently lowered its 2019 growth forecast for China from 6.3% to 6.2%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s current economic slowdown shows in the FXI, a large-cap market […]
China Flat-Rolled Steel, Part 1: Prices Weaken as Hot and Rainy Season Begins
(Editor’s note: This is the first of a two-part series examining Chinese flat-rolled steel prices. The first part examines historical steel price trends. The second part, which will be published Tuesday, will cover the economic outlook for China.) Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese steel prices started to […]
The June 2019 MMI Report: Eight of 10 MMIs Post Declines
The June 2019 Monthly Metals Index (MMI) report is in the books. June proved to be a down month for most of the MMIs, with eight of 10 posting declines. Only the Rare Earths and Renewables MMIs posted increases this month. Across the board, metals prices fell last month, including U.S. steel prices. A few […]
Week in Review: MMI Week, U.K.’s Auto Sector and E-Rickshaws
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook We wrapped up our June Monthly Metals Index (MMI) series, this week with posts on: Aluminum Copper Rare […]
Renewables MMI: Plate Prices Fall, Glencore Enters Cobalt Supply Agreement
The Renewables Monthly Metals Index (MMI) ticked up one point this month, rising to a June MMI value of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore, Umicore Reach Cobalt Supply Agreement As we reported last month, miner Glencore reached an agreement with Umicore in which it would supply […]
Raw Steels MMI: Weak U.S. Prices Lead Subindex Drop
The Raw Steels Monthly Metals Index (MMI) came in at 76 this month, a 5% drop, after several months of sideways movement and a May reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices formed a clear downward price trend. A mix of factors led […]
Stainless MMI: LME Nickel, Stainless Surcharges Fall Back
The Stainless Steel Monthly Metals Index (MMI) dropped two points again this month, now down to 67. The index stayed relatively flat during the past few months since jumping in February from 61 to 68. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Several prices in the index dropped significantly […]
Global Precious MMI: Platinum-Palladium Price Spread Widens
The Global Precious Monthly Metals Index (MMI) fell one point for a June MMI reading of 93, marking the third consecutive month of decline for the MMI. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Platinum-Palladium Spread Contrary to historical trends, the palladium price has soared past the platinum price […]
Rare Earths MMI: China’s Rare Earths Dominance Takes Center Stage
The Rare Earths Monthly Metals Index (MMI) picked up three points, rising to a June MMI value of 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Rare Earths In light of last month’s developments in the long-running U.S.-China trade talks, MetalMiner’s Stuart Burns delved into what could be a […]
