The base metal trendline appears to have shifted sideways this month after skyrocketing at the end of 2017. Market observers can take comfort knowing that after a meteoric rise, it takes time for the price to “digest” previous gains. Base metals prices remain in a more than two-year uptrend, and both base metals and steel […]
Category: Metal Prices
Copper Had a Big 2017, but What Does 2018 Hold?
The 2017 calendar year saw copper heat up in a big way. According to MetalMiner IndX data, LME primary cash copper was $5,512/metric ton on Jan. 1, 2017. It closed the year at $7,215/mt, good for a meteoric rise of 30.9%. Need buying strategies for copper in 2018? MetalMiner’s Annual Outlook has what you need […]
Week in Review: Rio Tinto’s Dunkerque Smelter, Nickel and NALCO
Before we head into the weekend, let’s take a look back at the week that was here on MetalMiner: Lower your aluminum spend – Take a free trial of MetalMiner’s Monthly Outlook! Rio Tinto’s massive Dunkerque aluminum smelter is possibly set to change hands — to a familiar buyer, our Stuart Burns writes. A tight […]
Steel Prices Pick Up Momentum to Kick Off 2018
Steel price momentum appears significantly stronger with the start of the year. Steel price momentum shifted in December, showing stronger upward movement. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Despite the momentum, MetalMiner remains cautious about steel prices. The U.S. Department of Commerce’s Section 232 outcome might also add some […]
ITC Continues Investigations of Common Alloy Aluminum Sheet from China
Last week, the U.S. International Trade Commission (ITC) voted to continue the AD and CVD investigations into common alloy aluminum sheet from China — a decision met with favor by some and concern by others within domestic industry. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Unlike most such cases, the Department of Commerce […]
Zinc Has Been the Best-Performing LME Metal of Late — Can it Go Up Further?
Like all base metals, zinc was been driven higher by a weak dollar — but that is far from the only driver pushing it to outperform all other base metals so far this year. Inventories Continue to Fall LME zinc inventories have fallen for 13 consecutive weeks to their lowest since October 2008. There was […]
The January MMI Report: Prices Rise as Industry Awaits Trump’s 232 Decision
It’s that time — our latest Monthly Metals Index (MMI) report is in, covering the final month of 2017. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook So, before we move onto 2018 for good, let’s take one last look at our newest MMI report and recap some of the highlights: […]
Tight Nickel Market Sees London Prices Hit $13,200 Per Metric Ton
LME nickel prices hit $13,200 per ton last Wednesday, the highest level since June 2015 before investors took profits and the price fell back a touch to $12,870 per metric ton. Prices were led higher by the ShFE, where stock have fallen to 48,920 tons from over 90,000 tons just a year ago — and […]
Week in Review: Section 232 Report Moves to Trump, MMIs and Oil
Before we head into the weekend, let’s take a quick look back at the week that was here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook This week we wrapped up the latest round of posts for our January Monthly Metals Index (MMI) — check out this week’s posts […]
This Morning in Metals: U.S. Steel Imports Rise 15.5% in 2017
This morning in metals news, U.S. steel imports rose significantly in 2017, Shanghai nickel hits a 2-month high and the Peruvian government is considering a $2.4 billion railway project in light of rising copper output. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Imports Up by 15.5%; 2017 Market Share […]