This morning in metals news, the cobalt craze intensifies, Switzerland goes to the World Trade Organization (WTO) over the U.S. steel and aluminum tariffs, and U.S. raw steel production for the week ending July 7 was up 3.4%. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Demand for Cobalt Rises Cobalt […]
Category: Metal Prices
GOES MMI: 14-Point Jump Paced by Global Demand, Section 232 Tariffs
The GOES Monthly Metals Index (MMI) jumped by 14 points, marking the second consecutive monthly increase. The increase came as a result of tightness globally for thin gauge material, Section 232 import tariffs and healthy global demand. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Japan excels at the production of […]
Aluminum MMI: LME Aluminum Drops, Midwest Premium at Four-Year High
The July Aluminum Monthly Metals Index (MMI) fell six points, falling to April 2018 levels. The Aluminum MMI now stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell in June and have continued to slide so far in July. However, the rate of the declines has […]
Copper MMI: LME Copper Prices Continue Downtrend
In July, the Copper Monthly Metals Index (MMI) fell by three points, falling to its lowest value since October 2017. The Copper MMI currently stands at 81 points. The decrease came as a result of falling LME copper prices as well as other elements that make up the Copper MMI. Need buying strategies for steel? […]
Rare Earths MMI: Toyota, Other Firms Team Up With Scientists to Develop Undersea Rare Earths Extraction Technology
The Rare Earths Monthly Metals Index (MMI) stood pat this month, holding for a reading of 19. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Search for Rare Earths As we noted in an MMI post earlier this year, the discovery of a large deposit of undersea rare earths approximately […]
Renewables MMI: Cobalt Price Moves Off Record High
The Renewables Monthly Metals Index (MMI) held steady this month, coming in for a reading of 108 for the second straight month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Cobalt Prices Cobalt prices are notorious for being both high and incredibly finicky given the relative scarcity of supply (not to mention […]
This Morning in Metals: E.U. Approves Provisional Measures to Limit Steel Imports
This morning in metals news, E.U. states have thrown their support behind measures to curb steel imports, Indian steel demand could double by 2025, and copper and zinc prices continue to drop. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook E.U. Backs Steel Import Curbing Measures E.U. states voted to approve […]
Construction MMI: U.S. Construction Spending Up 0.4% in May
The Construction Monthly Metals Index (MMI) dropped two points, falling for a reading of 93 this month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending May construction spending rose 0.4% compared with the revised final estimate for April, according to Census Bureau data released this week. Spending in […]
Automotive MMI: Big Three Companies Post Sales Increases in June
The Automotive Monthly Metals Index (MMI) fell one point this month for a July reading of 103. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales Nonetheless, June was a good month for the top U.S. automakers. General Motors, which this year announced it would only report sales on a […]
This Morning in Metals: thyssenkrupp CEO Says Europe Must Protect Steel Industry From China
This morning in metals news, thyssenkrupp CEO Heinrich Hiesinger said European lawmakers need to protect the steel industry from China, copper plummets to a seven-month low and President Donald Trump responded to a European threat of retaliatory tariffs (in response to potential U.S. tariffs on auto imports). Need buying strategies for steel? Try two free […]