The aluminum market is facing much more uncertainty now than it was in February 2018 when Norsk Hydro agreed with Rio Tinto to buy the 205,000-ton-per-year capacity ISAL aluminum smelter, located in Hafnarfjörður, Iceland. According to the Financial Times, that deal included the balance 53.3% share in the Aluchemie anode plant in the Netherlands that Hydro […]
Category: Metal Prices
The September MMI Report: Seven of 10 Subindexes Drop
The September Monthly Metal Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The month saw seven of our 10 MMIs posting declines, with two staying put and one increasing (Construction). A few highlights from this month’s report: U.S. Midwest aluminum premiums fell for […]
This Morning in Metals: Trump Again Tweets Support for Tariff Strategy
This morning in metals news, President Donald Trump again expressed support for imposing tariffs on imports (as the U.S. considers further tariffs on Chinese goods), shares of the Chinese aluminum giant China Hongqiao fell, and base metals prices are down on the prospect of escalating tariffs between China and the U.S. Need buying strategies for […]
Week in Review: Shale Gas, MMI Week and the Rusal Sanctions Deadline
Before we head into the weekend, let’s take a look back at the week that was and some of the top metals storylines here on MetalMiner: Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The shale gas sector appears to be slowing down, but the extent and longevity of the slowdown remains to […]
GOES MMI: Spot Prices Slide While Manufacturers Challenge AK Steel, Metglas
Grain-oriented electrical steel (GOES) prices fell for the second month in a row, with multiple large power equipment manufacturers requesting exclusions from the Section 232 tariffs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook What makes these requests noteworthy involves the arguments made by each of the firms. One of […]
Stainless MMI: Nickel Prices, Stainless Steel Surcharges Drop
The Stainless Steel Monthly Metals Index (MMI) fell again this month. The slide of six points moved the index to 72 from the previous 78 reading. Lower nickel prices led the fall, while domestic stainless steel surcharges also fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The drop in […]
Raw Steels MMI: Domestic Steel Price Momentum Slows
The Raw Steels Monthly Metals Index (MMI) traded sideways this month, driven by slower domestic steel price momentum. The current Raw Steels MMI fell to May 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have started to fall slightly. Prices traded lower in August, showing […]
Copper MMI: LME Copper Prices Continue Slide
In September, the Copper Monthly Metals Index (MMI) fell again by four points. The Copper MMI has continued to slide, mainly driven by weaker LME copper prices in August. The current Copper MMI stands at 73 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The recent Copper MMI hit July 2017 levels, […]
This Morning in Metals: Steel, Raw Material Prices Fall in China
This morning in metals news, prices of steel and raw materials in China are slumping, India is eyeing the No. 2 spot in the list of top global crude steel producers and copper jumps as the euro rises. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Prices Drop in China […]
Global Precious MMI: Huge Platinum-Palladium Spread Drives Subindex’s Drop
MetalMiner’s Global Precious Monthly Metals Index (MMI) — tracking a basket of platinum, palladium, gold and silver prices in several geographies across the globe — continues its trek downward. The Global Precious MMI clocked a value of 81 for its September 2018 reading, down 1.2% from 82 last month — and reaching a low not […]
