The Automotive Monthly Metals Index (MMI) fell 3.2% to a value of 92 this month, its lowest level in 17 months. After riding high during mid-2017, above the baseline of 100, the Automotive MMI sub-index — tracking a basket of industrial metals and materials crucial to the automotive sector — has been in a continued overall […]
Category: Metal Prices
Construction MMI Holds Steady Amidst Government Shutdown, Trump’s Border Wall Hopes
The Construction Monthly Metals Index (MMI) stemmed last month’s seven-point loss by leveling out for the January 2019 reading. Our Construction MMI sub-index — tracking a basket of industrial metals, materials and other indicators crucial to the construction sector — stayed at a value of 82, holding steady from December’s reading. The constituent metal and material […]
New Report: What Falling Oil Prices and Weak U.S. Dollar Mean for Industrial Metals
MetalMiner has just released its January 2019 edition of the Monthly Metal Buying Outlook, in which we explore how the fall in commodities — namely crude oil prices — and the continued weakness of the greenback are driving industrial metals prices. What Happened Over the Last Month? According to the report, Both commodities and base […]
This Morning in Metals: Chinese Steel Prices Continue to Slide
This morning in metals news, prices of Chinese steel and steelmaking ingredients were down Friday, India is in talks with the U.S. over a steel tariff exemption and Japanese crude steel output might be decline in the first quarter of 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese […]
Week in Review: Russia Sanctions News and the Year in Review
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner on this final Friday of 2018: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns touched on the U.S. Treasury’s sanctions announcement vis-a-vis previously […]
This Morning in Metals: London Copper Jumps 1%
This morning in metals news, LME copper jumped 1% Thursday, China Minmetals Corporation will buy over 2 million tons of iron ore from miner Rio Tinto next year and India is challenging a World Trade Organization (WTO) ruling on its steel safeguard against Japan. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME […]
Best of 2018: Top Copper Posts of the Year, From Escondida to Trade Fears
We’ve taken a stroll down Steel Street and Aluminum Avenue — what about copper? Need buying strategies for copper in 2019? MetalMiner’s Annual Outlook has what you need The LME copper price surged to a 2018 high in early June, reaching $7,261.50 per ton, before plunging below the $6,000 per ton level about six weeks […]
This Morning in Metals: Shanghai Copper Prices Flatten After Earlier Declines
This morning in metals news, Chinese copper prices held flat Wednesday after drops earlier in the week, Novelis says it sees limited impact from the U.S.’s Section 232 tariff on aluminum and miner Rio Tinto is looking to take its Iron Ore Company of Canada public in early 2019. Need buying strategies for steel? Request […]
Best of 2018: Top Aluminum Posts of the Year
Steel often gets all the glory, but aluminum also had a big year. From the U.S.’s Section 232 tariff announcement to the April aluminum price spike after the U.S. Treasury initially announced sanctions against Russian firms and their owners (including aluminum giant Rusal), there was plenty going on in the world of aluminum. On the […]
This Morning in Metals: Aluminum Falls to 16-Month Low
This morning in metals news, the aluminum price slides to a 16-month low, Liberty House could be looking to expand its presence in the Middle East and the mid-February deadline for the Section 232 auto investigation draws nearer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Liberty House Continues on […]
