Before we head into the weekend, let’s take a look back at the week that was and some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Taras Berezowsky covered China’s crackdown on illegal rare-earth element mining. Demand for palladium could continue to surge in […]
Category: Metal Prices
GOES MMI: Spot GOES M3 Prices Hold Steady While Europe Acts on Section 232
The partial government shutdown has meant large power equipment manufacturers and their suppliers can submit exclusion requests and comments, but the government’s main site that tracks such requests, regulations.gov, has not been updated since the shutdown began Dec. 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Meanwhile, large power […]
This Morning in Metals: Copper Prices Make Gains as Dollar Weakens
This morning in metals news, copper prices are buoyed by a softening U.S. dollar, Dalian iron ore drops and trade ministers from the U.S., Japan and the European Union met in Washington, D.C. yesterday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Rise The price of copper has […]
This Morning in Metals: U.S., China Conclude Round of Trade Talks This Week
This morning in metals news, trade delegations from the U.S. and China concluded talks this week, the E.U. is expected to impose steel import curbs and copper rises to a one-week high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S-China Trade Talks The new year has begun with dialogue. […]
Stainless MMI Loses Nearly 8% as LME Nickel, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) dropped five points this month, losing 7.6% and currently standing at a value of 61. The current index sits just above the August 2017 level of 59 points, when LME nickel prices touched support and rebounded. The drop came as a result of lower LME nickel prices and […]
Aluminum MMI Falls as LME Prices at Whim of Trade Uncertainty
The January Aluminum Monthly Metals Index (MMI) fell 3.4% this month, coming in at a value of 85. The index fell 3 points from December’s reading and has returned to a low not seen since February 2017 when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook […]
Raw Steels MMI: Domestic U.S., China Steel Prices Still Falling
The Raw Steels Monthly Metals Index (MMI) fell again this month, dropping to 79 points. The current MMI index has fallen toward October 2017 levels of 79, before global steel prices started to rise sharply. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The recent slowdown in domestic steel price […]
Copper MMI Drops as Chilean Production Reaches Historic High
In January, the Copper Monthly Metals Index (MMI) dropped 3.9%, falling back 3 points to the November 2018 level of 74. Lower LME copper prices drove the index lower. Need buying strategies for copper? Request your two-month free trial of MetalMiner’s Outlook Similar to other base metals, LME copper prices fell in December. LME copper prices […]
Precious Metals MMI: Norilsk, JPMorgan Chase Bullish on Hybrid Car Demand’s Role in Palladium Prices
It looks as though the winter is just heating up for the Global Precious Monthly Metals Index (MMI). The sub-index tracking a basket of gold, silver, platinum and palladium prices from four different geographies rose three points to hit 90 for the January reading — a 3.4% increase — driven by a still-hot palladium price. […]
Rare Earths MMI Falls as China Continues Fight Against Illegal REE Mining
The Rare Earths Monthly Metals Index (MMI) fell 5.5% to land at 17, just one point shy of its all-time historical low (16). Certain constituent metal prices rose, such as cerium oxide and europium oxide. However, several others fell, including neodymium oxide (falling 0.6% to $45,649 per metric ton) and terbium metal (falling 0.7% to […]
