Based on a quick search of exemption requests to the Section 232 steel tariffs, the Department of Commerce received 9,935 requests as of press time. However, MetalMiner could not find any additional grain-oriented electrical steel (GOES) requests since last month, when Nachi American Incorporated filed four requests on grounds that the only domestic GOES producer […]
Category: Metal Prices
Global Precious MMI: Flat for Third Straight Month — But Don’t Take Your Eye Off Palladium
MetalMiner’s Global Precious Monthly Metals Index (MMI), tracking a basket of precious metals from across the globe, held steady for the June reading and remained at an index value of 88 for an unprecedented third straight month. The dog days of summer have begun early, much as they did during the summer of 2017. While […]
This Morning in Metals: China’s Aluminum, Steel Exports Surge in May
This morning in metal news, steel and aluminum exports from China were up in May; the National Retail Federation CEO panned the U.S.’s tariffs; and a White House economic analysis reportedly concludes President Trump’s tariffs will hurt economic growth. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Exports on the Rise […]
Renewables MMI: Tariffs Fly As Section 232 Exemptions Expire for Key U.S. Trading Partners
The Renewables Monthly Metals Index (MMI) gained three points this month, rising for a June reading of 108. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Interior Releases Critical Minerals List Last month, the U.S. Department of the Interior published a finalized list of 35 minerals deemed to be critical to the […]
Aluminum MMI: LME Aluminum Prices Lead the Way
The June Aluminum Monthly Metals Index (MMI) increased one point. The current Aluminum MMI index now stands at 101 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices showed strength in May, and are continuing to increase this month. Aluminum has led the base metals complex due to U.S. tariffs […]
Rare Earths MMI: Subindex Slides Back One Point
The Rare Earths Monthly Metals Index (MMI) dropped one point this month for a June reading of 19. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Under the Sea In April, researchers announced that a massive source of rare earths had been located just over 1,000 miles southeast of Tokyo. The catch? […]
Construction MMI: April Construction Spending Up 7.6% Year Over Year
The Construction Monthly Metals Index (MMI) held flat for the month, posting a 95 for our June reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending Construction spending for April, the month with the most recently available Census Bureau data, picked back up. Total spending during April 2018 hit an […]
Week in Review: China Tariffs, Rising Steel Production and an Indian Copper Smelter Closes
Before we head into the weekend, let’s take a look back at the week that was and some of the stories here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook On Memorial Day, we took a quick look at the most-viewed posts of the year to date (unsurprisingly, Section […]
A May Review: Metals Prices Show Less Volatility After Wobbly April
After the instability in the industrial metals complex in April, May closed with an overall increase in metal prices. However, the increases are, in general, less sharp and less volatile than last month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum, Copper and Nickel The three main metals have seen […]
Alumina Prices Putting Pressure on Downstream Products
For years — decades, even — the price of alumina was taken to be one-third of the primary aluminum price. For many years, such a relationship was enshrined in long-term supply agreements with alumina producers sharing in the ups and downs of the primary aluminum price experienced by the smelters. Need buying strategies for steel? […]
