After a scorching six-month uptrend, the Global Precious Monthly Metals Index (MMI) couldn’t get any hotter even as spring officially came around the corner, finally succumbing to a cooldown in April. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The subindex tracking a basket of gold, silver, platinum and palladium […]
Category: Metal Prices
Rare Earths MMI: Lynas Considers Australia Processing Plant Amid Regulatory Pressure in Malaysia
The Rare Earths Monthly Metals Index (MMI) picked up one point, rising to a value of 19. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what you need Lynas Considers Initial Ore Processing at Home Amid Pressure in Malaysia Australian rare-earths miner Lynas Corp., as we’ve noted in previous Rare Earths MMI reports, […]
Copper MMI: MMI Value Holds at 79 as Supply Concerns Ease
The Copper Monthly Metal Index (MMI) came in again at 79. Nearly all of the prices in the copper basket fell this month, with price declines in the range of 0.3%–1.9%. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what you need LME copper prices moved sideways during the month and oscillated […]
This Morning in Metals: Steel Capacity Utilization Rate Reaches 81.9%
This morning in metals news, the U.S. steel sector’s capacity utilization rate for the year through April 6 reached 81.9%, the zinc price fell on easing supply concerns and miner Glencore is becoming a bigger and bigger player in the copper market. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Stainless MMI: Stainless Prices Hold Flat
The Stainless Steel Monthly Metals Index (MMI) held steady this month at 71. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices mostly ended up moving sideways as March progressed after hitting a six-month high early in the month, with the price peaking at $13,750/mt during trading. SHFE […]
Are LME Cobalt Futures on Track for a Record Volume Year?
Interest in cobalt increased recently as the price fluctuated widely during the past year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One reason for the increased interest comes from the metal’s uses in advanced applications, such as in aerospace and biotech. Interest also surged due to cobalt’s use in […]
This Morning in Metals: ‘Significant Work’ Remains in U.S.-China Trade Talks
This morning in metals news, the U.S. and China’s trade negotiations march on, China’s Tewoo Group sells copper at below market value and a U.S. aluminum executive says tariffs aren’t the answer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Work to Do After the latest round of trade talks […]
Aluminum MMI: Subindex Steady While Semi-Finished Products Move Higher
The April Aluminum Monthly Metals Index (MMI) held steady this month, again coming in at a value of 88. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Within the MetalMiner IndX(™) aluminum price basket, Korean semi-finished aluminum prices weakened the index score again this month, while the LME price fell […]
Construction MMI: U.S. Construction Spending Rises 1.1%
The Construction Monthly Metals Index (MMI) moved up one point to to 83, up from 82 the previous month. 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 monthly construction spending report, U.S. spending in February reached $1,320.3 billion, up 1.1% from […]
Week in Review: Tropical Cyclone Veronica, the April MMO and Auto Sales
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 European Steel Association (EUROFER) wants a mandate extension for the Global Forum on Steel Excess Capacity. […]