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 […]
Category: Metal Prices
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 […]
Rusal Sanctions Deadline Looming
As the Oct. 23 deadline approaches, the aluminum market is taking no risks on continued supply from Russia’s Rusal, Reuters reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The industry traditionally gets together in Berlin this week to negotiate annual supply contracts for 2019 with billet makers, rolling mills […]
Rare Earths MMI: China’s Ministry for Industry and Information Technology Raises Rare Earths Quota
The Rare Earths Monthly Metals Index (MMI) dropped one point this month, falling for a reading of 17. Metal Buying Outlook: Request Your Two-Month Free Trial China Raises Quota for Rare Earth Smelting, Separation On Aug. 27, China’s Ministry for Industry and Information Technology announced it would increase the quota on rare earth smelting and separation. […]
Aluminum MMI: U.S. Midwest Premium Falls for Second Straight Month
The September Aluminum Monthly Metals Index (MMI) traded sideways this month. The Aluminum MMI index stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices increased in August. However, so far in September, prices have fallen. Aluminum prices are in a sideways trend within the $1970-$2170/mt band. Buying […]
Renewables MMI: E.U. Drops Defense Against Solar Panel Imports from China
The Renewables Monthly Metals Index (MMI) dropped one point this month, falling for a September reading of 104. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Making the Desert … Green? Forms of renewable energy, like wind and solar, have gained momentum in recent years, both in practice and in popular support. […]
Week in Review: Annual Outlook, Rusal and the State of European Steel
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? Try two free months of MetalMiner’s Outlook China filed a dispute complaint with the World Trade Organization (WTO) as it sought consultations with the U.S. […]
Construction MMI: July Construction Spending Rises 5.8% Year Over Year
The Construction Monthly Metals Index (MMI) picked up two points this month, rising 2.2% for a September reading of 92. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in July — the most recently available month for Census Bureau data — hit $1,315.4 billion, which […]