The Raw Steels Monthly Metals Index (MMI) fell again this month, dropping to 83 points. The Raw Steels MMI held at 89 points since August for four consecutive months, but started decreasing in November. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The recent slowdown in domestic steel price momentum […]
Category: Metal Prices
Copper MMI: Copper Prices Build on Previous Months’ Gains
In December, the Copper Monthly Metals Index (MMI) rose three points, returning to October 2018 levels. Higher LME copper prices drove the index. The current Copper MMI stands at 77 points. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Contrary to other base metals, LME copper prices increased in November. […]
Week in Review: USMCA, Sebree Expansion, Rio’s Bauxite and MMI Week
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 Following the signing of the United States-Mexico-Canada Agreement (USMCA) during the Group of 20 (G20) summit in […]
This Morning in Metals: Vale Says Drop in Steel Prices is Temporary
This morning in metals news, the state of falling global steel prices is a temporary condition attributable to Chinese overproduction ahead of winter cuts, according to miner Brazilian miner Vale; Chilean copper exports in November were less valuable; and the arrest of a Huawei Technologies executive has caused concern that it could cast a shadow […]
Rare Earths MMI: Australian Rare Earths Miner Mulls Legal Action Against Malaysian Government
The Rare Earths Monthly Metals Index (MMI) picked up one point, rising for a December MMI reading of 18. Lynas Considers Legal Action Against Malaysian Government In last month’s installment of the Rare Earths MMI, we noted shares of Australian miner Lynas Corporation Limited got a boost on news that the Malaysian government would allow it […]
This Morning in Metals: U.S. Steel Import Market Share Hits 20% in November
This morning in metals news, steel imports coming into the U.S. continue to be down from last year’s levels, Shanghai steel prices are down and the sharp corrective trend in iron ore prices could be coming to an end. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Import […]
Aluminum MMI: November Prices Fall as Sanctions Deadline is Postponed (Again)
The December Aluminum Monthly Metals Index (MMI) held steady this month at 88. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices also fell in November. Aluminum prices appear weaker this month. However, prices have increased so far in December. From last July until November, LME aluminum prices traded in the […]
A Novel Approach to Predicting Price Direction
Price forecasters are always looking out for apparently unrelated factors that correlate to the price movement they are tracking. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sometimes the relationship seems bizarre. At first sight, a link between oil prices and aluminum prices appears tenuous until you consider that the […]
Construction MMI: Architecture Billings Growth Slows
The Construction Monthly Metals Index (MMI) fell seven points, down to a December MMI reading of 82. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending Estimated U.S construction spending in October fell 0.1% from September according to Census Bureau data, but marked a 4.9% increase from the October 2017 […]
Rio Tinto Makes First Bauxite Shipment From Amrun Mine
On Monday, miner Rio Tinto announced it had made the first shipment of bauxite from its Amrun mine in Australia, six weeks ahead of schedule. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook According to a company announcement, the $1.9 billion investment in the Amrun mine serves to replace production from the depleting […]
