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 […]
Category: Metal Prices
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 […]
Century Aluminum Announces Expansion at Sebree Smelter
U.S. aluminum maker Century Aluminum announced last week it plans to expand production at its smelter in Sebree, Kentucky. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Sebree smelter — one of two Century Aluminum smelters in Kentucky, the other in Hawesville — has an annual production capacity of 220,000 tons. […]
This Morning in Metals: Trump, Xi Reach Agreement to Press Pause on New Tariffs
This morning in metals news, President Donald Trump and President Xi Jinping reached an agreement that at least temporarily puts a cap on the escalation of trade tensions, Chinese steel and iron ore prices rose on the news, and Chinese copper premiums hit an 18-month low. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Chinese Steel Market Slides
This morning in metals news, Chinese steel prices are dropping, Rio Tinto is leading the copper charge in Australia’s Great Sandy Desert and Asian aluminum prices are coming down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Steel Market Chinese steel prices are entering a bear market, according to […]
WBMS Report Shows Metal Deficits Can’t Fend Off Falling Investor Appetite
The World Bureau of Metal Statistics’ (WBMS) most recent press release makes for curious reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Covering as it does the first three quarters of this year, the January to September period, you could read the report and then ponder the recent price direction […]
This Morning in Metals: Tokyo Steel Announces Plate Price Increase
This morning in metals news, Tokyo Steel plans to raise plate prices, Rio Tinto says new aluminum capacity is needed outside of China and copper prices tick upward. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Plate Prices Rise Tokyo Steel plans to raise heavy plate prices by 2.5% in […]
The November MMI Report: Eight of 10 Subindexes Post Drops
The November Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This month’s report again saw a majority of the MMI subindexes post declines. Only the Global Precious and GOES MMIs increased, while the Rare Earths MMI held at the same level […]