The aluminum price has been fluctuating between around $50/ton above and below a median of $1,900 for several months now. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook There is considerable uncertainty as to where it is going to go in 2019, yet some commentators, such as ING Bank, are […]
Category: Metal Prices
This Morning in Metals: Copper Price Makes Gains
This morning in metals news, the copper price picks up, the Bureau of Labor Statistics released Consumer Price Index (CPI) data and the National Australia Bank lifted its forecast for iron ore. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Rises The London copper price picked up Wednesday, […]
Stainless MMI: Stainless Prices Bounce Back After Last Month’s Losses
The Stainless Steel Monthly Metals Index (MMI) jumped seven points this month to 68, translating into an 11.5% increase, the largest monthly increase registered by the MMI since the 10.95% increase in September 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel LME nickel prices surged in […]
Copper MMI: Prices Edge Up As Global Demand Growth Outpaces Supply Growth
The Copper Monthly Metals Index (MMI) hit 76 this month, up 2.7% after a decrease last month — yet it remains in an oscillating pattern that began in the summer of 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices trended upward this month but were still […]
Renewables MMI: Plate Prices Rise Against General Steel Downtrend
The Renewables Monthly Metals Index (MMI) picked up two points this month, rising for a February MMI value of 104. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore to Cut Cobalt Workforce in DRC According to a Bloomberg report, miner Glencore plans to cut its workforce at its Mutanda copper […]
Week in Review: China, Venezuela and Section 232
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: MetalMiner’s Belinda Fuller takes a look at China’s economic growth levels. Stuart Burns on the political and economic crisis in Venezuela. We also kicked off this month’s round of Monthly […]
Talking Tariffs, Part 2: Section 232 History Since 1962
[Editor’s Note: This is the second part of our three-part series on how tariff impacts — positive or negative — are perceived, the history of Section 232, and China’s role in the global steel marketplace (and how that has affected the U.S.). In case you missed it, Part 1 can be read here.] — The […]
Raw Steels MMI: Steel Prices Continue to Decline, Iron Ore Surges After Vale Dam Breach
The Raw Steels Monthly Metals Index (MMI) posted a one-point increase this month, moving to an MMI reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As reported last month, steel prices continued to fall from their historically high levels reached back in the spring of 2018. CRC and […]
Rare Earths MMI: Canadian, Australian Firms Join Forces for Canadian Rare Earths Project
The Rare Earths Monthly Metals Index (MMI) showed no movement this month, sticking at 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Joining Forces A Canadian company and an Australian company are joining forces on a rare earth elements project in Canada’s Northwest Territories. In late January, Canadian […]
Aluminum MMI: MMI Flat Despite Semi-Finished Price Increases
The February Aluminum Monthly Metals Index (MMI) edged up this month by 1.2% for an index value of 86. The index increased one point from January’s reading and has remained near the low last seen in February 2017, when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual […]
