The collapse of iron ore prices in the face of oversupply has been threatened for the last few years. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Following massive investments in Australia and Brazil, oversupply was expected to hit dwindling demand on the back of a cooling Chinese property market and […]
Category: Metal Prices
This Morning in Metals: Trump Threatens China With Additional $200B in Tariffs
This morning in metals news, President Donald Trump threatened China with an additional $200 billion in tariffs, copper fell to a one-year low and Glencore released a statement regarding the subpoena it received from the U.S. Department of Justice in its corruption probe. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Stainless Steel MMI: LME Nickel Prices Fall While Stainless Surcharges Rise
The Stainless Steel Monthly Metals Index (MMI) fell slightly this month, down to 82 from 84. Despite the fall in the Stainless Steel MMI, the index remains at February 2015 highs. The index dropped due to a slight decrease in LME nickel prices in June. However, stainless steel surcharges inched higher again this month, remaining […]
Raw Steels MMI: Steel Prices Sit at More Than Seven-Year High
The Raw Steels Monthly Metals Index (MMI) fell two points this month, dropping to 90 from the previous 92 reading. Domestic steel price momentum continued, as domestic steel prices increased again. Chinese steel prices also increased in June, adding support to domestic steel prices. Need buying strategies for steel? Try two free months of MetalMiner’s […]
This Morning in Metals: Cobalt Demand Continues to Rise
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 […]
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 […]