The Raw Steels Monthly Metals Index (MMI) decreased this month, dropping two points for an MMI reading of 87 points. The Raw Steels MMI had held at 89 points since August. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have showed slowing momentum since June 2018. Domestic […]
Category: Metal Prices
Copper MMI: Lower LME Copper Prices Drive Subindex Drop
In November, the Copper Monthly Metals Index (MMI) fell three points. The index fell back to September levels, driven by lower LME copper prices. The current Copper MMI stands at 74 points. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices traded lower in October. LME copper prices […]
This Morning in Metals: North American Aluminum Associations Petition for Tariff Exemptions
This morning in metals news, North American aluminum associations wrote a joint letter asking for quota-free tariff exemptions for Canadian and Mexican aluminum, European automakers plan to try out new LME steel contracts launching next year, and the LME copper price has dropped ahead of the U.S. midterm elections. Need buying strategies for steel? Request […]
Renewables MMI: Advocacy Group Shines Light on State of DRC Cobalt Mines
The Renewables Monthly Metals Index (MMI) fell two points this month, down to a November MMI reading of 101.Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Cobalt Mining According to the head of commodities trader Trafigura, unregulated cobalt mining cannot be “wished away,” the Financial Times reported last month.In 2017, nearly […]
Rare Earths MMI: China Denies Reports of Rare Earth Output Cuts
The Rare Earths Monthly Metals Index (MMI) held flat this month, again hitting an MMI reading of 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Denies Report it is Limiting Rare Earth Output China’s dominance in the rare earths sector is well-documented. The country’s sway in the market is […]
Construction MMI: U.S. Construction Spending Flat in September
The Construction Monthly Metals Index (MMI) dropped one point this month, down to a November MMI reading of 89. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending The U.S. Census Bureau released data late last week on construction spending for September, showing spending held flat from the previous […]
This Morning in Metals: U.S. Steel Imports Down 26% in September
This morning in metals, U.S. imports of steel are down by 26%, metal prices have gotten a boost from a softer dollar and ArcelorMittal reported its third-quarter results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steel Imports in the U.S. U.S. imports of steel were down 26% in September […]
This Morning in Metals: Shanghai Metals Prices Drop on Weaker Manufacturing Growth
This morning in metals news, Shanghai steel prices are down, Shanghai zinc and copper prices are also down, and U.S. steel prices are up by double-digit percentages this year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Steel Falls Prices of Shanghai steel have dropped Wednesday for a third […]
This Morning in Metals: U.S. Could Add $257B in Tariffs on China if Talks Fail
This morning in metals news, another major tariff hammer could be set to fall on Chinese goods coming into the U.S., iron ore prices continue to rise and copper falls. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook More Tariffs on the Way? The U.S. has already imposed tariffs worth […]
This Morning in Metals: Trump Reviews Metals Tariffs on Canada, Mexico
This morning in metals news, President Trump is reviewing the U.S.’s steel and aluminum tariffs with respect to their application to Canada and Mexico, copper prices are up and the World Trade Organization (WTO) has set up a panel for a dispute between Japan and South Korea. Need buying strategies for steel? Request your two-month […]