Before we head into the weekend, let’s take a look at the week that was and some of the storylines dominating the world of metals here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook MetalMiner’s Taras Berezowsky took a look at the gold price, the palladium-platinum spread and more. […]
Category: Metal Prices
Copper Rallies, Zinc Price Increases
So far in June, base metal prices have increased. Copper, zinc and tin increased sharply. Meanwhile, aluminum and nickel also increased, but a little less dramatically. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Copper Rally Copper prices breached the $7,300/mt level. Prices trading over this resistance level signals strength for […]
The June MMI Report: Section 232 Tariffs Hit E.U., Canada and Mexico
In case you missed it, our latest round of Monthly Metals Index (MMI) reports is in the books. Tariffs once again dominated the headlines last week. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook With negotiations breaking down, the U.S. elected to impose the Section 232 steel and aluminum tariffs on […]
Raw Steels MMI: Domestic Steel Price Momentum Continues to Grow
The Raw Steels Monthly Metals Index (MMI) increased three points this month, moving up for a June reading of 92. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Domestic steel price momentum seems to keep going, with domestic steel prices increasing again. Chinese steel prices also increased in May, adding support […]
Stainless Steel MMI: Stainless Surcharges, LME Nickel Prices Rise
The Stainless Steel Monthly Metals Index (MMI) skyrocketed this month, increasing by seven points. The current reading stands at 84. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The index inched higher driven by the increase in stainless steel surcharges and a sharp increase in LME nickel prices in May. Other […]
GOES MMI: 10K Section 232 Steel Exemption Requests But No Additional GOES Requests
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 […]
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 […]