The Renewables Monthly Metals Index (MMI) gained three points this month, rising to a July MMI value of 105. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Congo Cobalt Output Rises 3% Cobalt output in the Democratic Republic of the Congo (DRC) jumped 3% over the first five months of the […]
Category: Metal Prices
Stainless MMI: Nickel Prices Surge as Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) bounced back this month, rising two points to 69 after last month’s two-point drop. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Movements of individual prices within the index were mixed. LME nickel prices increased the most among price points in the […]
Raw Steels MMI: Weak U.S. Prices Lead to One-Point Index Decline
The Raw Steels Monthly Metals Index (MMI) fell slightly this month, following last month’s more significant decline. The index came in at 75 this month, down one point from the previous month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices continued their clear drop this month, with […]
Global Precious MMI: U.S. Dollar Gains Strength; Markets Await Fed Chairman’s Testimony This Week
The Global Precious Monthly Metals Index (MMI) picked up eight points, rising for a July MMI value of 101. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The U.S. Dollar and Precious Metals This past month, MetalMiner chatted with Americas Silver Corporation CEO Darren Blasutti to talk about the precious metals […]
Copper MMI: Global Prices Make Modest Gains Amid Output Disruptions
The Copper Monthly Metals Index (MMI) rebounded to 74 following last month’s fairly sizable drop from 78 to 73 (hitting a 2019 index low). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices dropped by nearly $100/mt around the first of July after gaining strength in June, then […]
Aluminum MMI: Falling Chinese Prices Offset by Strong Prices in ROW
The Aluminum Monthly Metals Index (MMI) held steady at 86 this month based on mixed price movements. While prices in China dropped in the 1% to 2% range, all other prices in the Aluminum MMI basket rose slightly. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices continued to fall into […]
Rare Earths MMI: New Rare Earths Industry Association Enters the Fray
The Rare Earths Monthly Metals Index (MMI) picked up one point, rising for a July MMI value of 23. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook New Rare Earths Association A new rare earths industry based in Belgium was launched last month. Dubbed the Rare Earths Industry Association (REIA), […]
A Fourth of July Review: MetalMiner’s Most-Viewed Posts of Q2 2019
As many of our readers are celebrating the Fourth of July, it is a good time to take a look back at some of the most-viewed stories here on MetalMiner in the second quarter of the year: Trump Drops Metals Tariffs on Canada, Mexico; What’s the Impact on Steel, Aluminum Prices? Could Spot Iron Ore […]
Construction MMI: U.S. May Construction Spending Drops 2.3% Year Over Year
The Construction Monthly Metals Index (MMI) held flat at 81 for the July MMI reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in May totaled an estimated $1,293.9 billion, according to the U.S. Census Bureau, marking a 0.8% decline from April’s $1,304.0 billion. The […]
Automotive MMI: June Sales a Mixed Bag for Automakers
The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for a reading of 87. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors reported Q2 deliveries of 746,659 vehicles, marking a 1.5% decline on a year-over-year basis. GM’s chief economist said U.S. light-vehicle […]