In May, the Stainless Steel Monthly Metals Index (MMI) once again inched one point higher. The current reading stands at 77 points. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The subindex inched higher driven by increasing LME nickel prices. Meanwhile, other related metals in the stainless steel basket traded flat. […]
Category: Metal Prices
Renewables MMI: Prices Dip as Subindex Posts Two-Point Drop
The Renewables Monthly Metals Index (MMI) tracked back two points, falling to 105 for our May MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Within the basket of metals, Japanese and Korean steel plate posted month-over-month price drops. Meanwhile, Chinese and U.S. steel plate were up for the month. U.S. […]
Aluminum MMI: Skyrocketing Prices Power Six-Point Surge
The May Aluminum Monthly Metals Index (MMI) increased six points. Skyrocketing LME aluminum prices drove the subindex value increase. The current Aluminum MMI subindex stands at 100 points, 6.4% higher than in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum price momentum recovered strongly in April. LME aluminum prices reached […]
This Morning in Metals: China’s Aluminum, Steel Exports Increased in April
This morning in metals news, Chinese exports of steel and aluminum were up in April, copper prices fell and negotiators are working to reach a deal on the North American Free Trade Agreement (NAFTA) this month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel, Aluminum Exports Jump in May […]
Rare Earths MMI: Researchers Discover Rare Earths Deposit Under Japanese Waters
The Rare Earths Monthly Metals Index (MMI) lost one point this month, dropping to 20 for our May reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Within this basket of metals, yttrium dropped slightly, while terbium oxide fell 7.8%. Neodymium oxide dropped 7.9%. Europium oxide fell 0.9%. Dysprosium oxide fell […]
Copper MMI: Copper Prices Bounce Back Up
The Copper MMI (Monthly Metals Index) increased one point in May. Stronger LME copper prices led the increase. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook LME copper prices recovered previous price momentum and increased in April. At the beginning of last month, LME copper prices fell. At this point, buying […]
This Morning in Metals: China Iron Ore Futures Rise
This morning in metals news, China iron ore futures were up Monday, the chief executive of Japan’s LIXIL Group expressed concern about aluminum price volatility, and a new study measures the economic effect of a potential U.S. withdrawal from the North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free months […]
Construction MMI: March Spending Up Year Over Year But Down 1.7% From February
The Construction Monthly Metals Index (MMI) increased four points, up to 95 for our May MMI reading. Within the basket of metals, Chinese rebar was down slightly on the month, while Chinese H-beam steel jumped 5.4%. U.S. shredded scrap steel rose 3.0%. European aluminum sheet jumped 4.9%. Chinese aluminum bar jumped 8.2%. Need buying strategies for steel? Try […]
This Morning in Metals: Temporary Section 232 Tariff Exemptions Extended
This morning in metals news, several countries received good news ahead of the midnight deadline for the expiration of Section 232 tariff exemptions, Canada argues the steel tariff would hurt American jobs and LME copper falls to a three-week low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Countries Breathe a […]
Nickel Fundamentals Come Back to the Fore
As my colleague Fouad Egbaria wrote last week, the U.S. administration’s relaxation of the timescale for implementation of sanctions against Rusal has had the effect of taking the panic out of the market. As a result, prices have fallen for several days, not just for aluminum but for other metals that the market feared could […]
