In October, the Copper Monthly Metals Index (MMI) increased four points, recovering to August 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The latest Copper MMI latest increase came from stronger LME copper prices in September. The current Copper MMI stands at 77 points. LME copper prices recovered […]
Category: Metal Prices
Raw Steels MMI: Subindex Holds at 89 For Third Straight Month
The Raw Steels Monthly Metals Index MMI again traded sideways this month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This marks the third consecutive month the index has held at 89 points. The current Raw Steels MMI is at May 2018 levels. Domestic steel prices have decreased sharply and steel […]
Week in Review: Fed Raises Rates, Zinc Demand and a New NAFTA
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 MetalMiner’s Stuart Burns covered the Federal Reserve’s latest rate hike. Zinc could be in for an image […]
Renewables MMI: Renewables Basket Metals Down Across the Board
The Renewables Monthly Metals Index (MMI) lost one point this month, falling for an October MMI reading of 103. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Rare Earths Removed From Final Tariff List The U.S. Trade Representative’s office announced a list of Chinese products worth $200 billion that would be […]
Rare Earths MMI: U.S. Drops Rare Earths From $200B Tariff List
The Rare Earths Monthly Metals Index (MMI) stood pat this month for an MMI value of 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Pentagon Reviews Critical Materials Dependence Tariffs have been flying left and right this year, impacting a wide range of products, from steel and aluminum to […]
Construction MMI: August U.S. Construction Spending Up 6.5% Year Over Year
The Construction Monthly Metals Index (MMI) lost two points this month, falling for a reading of 90. U.S. Construction Spending U.S. construction spending in August — the most recently available month of Census Bureau data — hit $1,318.5 billion, up 0.1% from the revised July estimate. Need buying strategies for steel? Request your two-month free trial […]
Automotive MMI: Several Top Automakers Slump in September U.S. Sales
The Automotive Monthly Metals Index (MMI) held flat this month, holding for a reading of 96 for our October MMI. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors, which now reports sales on a quarterly basis, reported a Q3 year-over-year sales decline of 11%. “The U.S. […]
China is Taking a Breather in its War on Smog This Winter
In recent years China’s steel sector — particularly the large, state-owned steel mills — have benefited from the enforced closure of capacity on environmental grounds during the winter heating season. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Contrarian as it may at first sound, closure of private mills largely […]
Zinc on the Brink of New Beginnings
An article in The New York Times makes a compelling case for why we may be looking at zinc as an exciting technology metal in years to come (rather than its traditional image as the galvanizing metal that stops steel from rusting). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Week in Review: Tariffs, Brexit and Excess Steel Capacity
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 Sohrab Darabshaw weighs in on India’s approach to U.S. tariffs. What’s the latest with Brexit? Stuart Burns […]