The August 2019 Monthly Metals Index (MMI) report is in the books. After a July in which seven of 10 MMI indexes moved upward, this month a majority of the indexes retraced. Six MMIs declined, three moved up and one held flat (the Copper MMI). A few highlights from this month’s round of MMI analyses: […]
Category: Metal Prices
Stainless MMI: Index Jumps Six Points on Nickel Price Surge
The Stainless Steel Monthly Metals Index (MMI) jumped six points for an August reading 75 on the back of strong nickel price gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Within the Stainless MMI basket, LME nickel prices increased the most once again this month, recording a 13% increase. […]
Renewables MMI: Glencore Plans to Halt Production at Mutanda Cobalt Mine
The Renewables Monthly Metals Index (MMI) fell four points this month for an August reading of 101. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore Shakes up Cobalt Market As covered by MetalMiner’s Stuart Burns, Glencore announced it would halt production by the end of the year at the world’s […]
Global Precious MMI: Gold Prices Soar Amid Latest Trade Jitters
The Global Precious Monthly Metals Index (MMI) picked up one point this month for an August MMI reading of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Time for Safe Havens Amid the latest jolt of trade uncertainty — namely, President Donald Trump’s intention to impose a 10% tariff on […]
Week in Review: Trump’s New Tariffs, China’s Currency and Glencore’s Mutanda Decision
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook President Donald Trump announced a new 10% tariff on an additional $300 billion in Chinese goods, effective […]
Rare Earths MMI: China Rare Earths Association Calls out U.S.’s Trade ‘Bullying’
The Rare Earths Monthly Metals Index (MMI) dropped one point this month for an August reading of 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tariffs, China and Rare Earths Once again, the ongoing trade talks between the U.S. and China took a turn toward further tensions recently when President […]
Copper MMI: How a Boeing Trade Case Could Cause Global Copper Prices to Skyrocket, Give Wieland Metals a Guaranteed Monopoly
A 15-year trade dispute between Airbus and Boeing could send copper prices skyrocketing, with an even greater impact on U.S. manufacturers than the Section 232 tariffs had on steel and aluminum. MetalMiner has long covered this current dispute between Airbus and Boeing. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Raw Steels MMI: Mixed Price Movements Lead to One-Point Index Drop
The Raw Steels Monthly Metals Index (MMI) fell one point this month for an August reading of 74. Small price increases for some metals did not outweigh a few steeper price drops, bringing the index down for the month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices […]
Construction MMI: U.S. Construction Spending Falls 2.1% in June
The Construction Monthly Metals Index (MMI) fell three points for an August reading of 78. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending According to the U.S. Census Bureau’s most recent construction spending report, U.S. construction spending reached $1,287.0 billion in June, down 1.3% from the May estimate […]
Aluminum MMI: Global Demand Weakness Pulls the Index Back
The Aluminum Monthly Metals Index (MMI) dropped two points this month to 84. Most of the prices tracked for the index dropped this month, with European prices dropping the most (by close to 7.5%). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME aluminum prices fared best of all of […]