The Stainless Steel Monthly Metals Index (MMI) declined this month, dropping by two index points to 69. A few of the prices in the basket registered fair declines, with nickel prices showing weakness. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel The LME primary nickel 3-month price decreased […]
Category: Metal Prices
Global Precious MMI: Trading Places: Subindex Drops 1.1% as Metals Swap Trends
No, we’re not talking about Eddie Murphy and Dan Aykroyd (although we do love that classic film). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Global Precious Monthly Metals Index (MMI) has just entered a two-month downtrend, with global trade uncertainties and other economic worries serving as a backdrop. […]
Rare Earths MMI: Lynas License Renewal Saga in Malaysia Continues
The Rare Earths Monthly Metals Index (MMI) held flat this month for a May value of 19. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Lynas Saga Continues in Malaysia As we’ve noted in previous installments of the Rare Earths MMI, Australian rare earths miner Lynas Corp. continues to deal with regulatory […]
Copper MMI: Copper Price Stuck in Sideways Trend
The Copper Monthly Metal Index (MMI) dropped slightly this month, from 79 last month to an index value of 78 for May. Mild price decreases of less than 1% hit nearly all the prices in the index, with the exception of the Japanese copper cash price (which increased by less than 0.5%). Need buying strategies […]
Aluminum MMI: Aluminum Prices Fall Despite Global Supply Deficit
The May Aluminum Monthly Metals Index (MMI) held flat at 88 for the third month running, with gains in Chinese aluminum prices negated by weak LME prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME aluminum prices trended downward throughout April, down to recent January 2019 lows. However, prices […]
Construction MMI: U.S. Construction Spending in March Drops 0.8% Year Over Year
The Construction Monthly Metals Index (MMI) gained one point for a May reading of 84. 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, U.S. construction spending during March 2019 came in at an estimated seasonally adjusted annual rate of $1,282.2 billion, or […]
Week in Review: Copper and Steel Production, Section 301, and NASA
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 The International Copper Study Group released January copper production figures. The World Steel Association reported global crude […]
This Morning in Metals: Copper Rises as U.S.-China Trade Talks Resume
This morning in metals news, the copper price got a boost from optimism stemming from the resumption of trade discussions between the world’s top two economies, the CEO of Australia’s Fortescue was bullish about the Chinese steel sector and British Steel received a £100 million government loan. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Mexico Reforms Labor Code in Push Toward USMCA Approval
This morning in metals news, Mexico’s Senate approved changes to the country’s labor laws, Chinese iron ore futures notched their fifth consecutive monthly gain and U.S. steelmaker AK Steel reported its first-quarter earnings. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Mexico Passes New Labor Laws As NAFTA partners Canada, Mexico […]
This Morning in Metals: Republic of Congo Makes First Iron Ore Shipment
This morning in metals news, the Republic of Congo made its first export of iron ore, Korean steelmaker POSCO says elevated iron ore prices will put a damper on steel margins this year and global aluminum production in March hit 5.4 million metric tons. Need buying strategies for steel? Request your two-month free trial of […]
