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 […]
Category: Metal 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 […]
Automotive MMI Falls to 17-Month Low as Producers Pray for China Rebound
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 […]
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 […]