The Stainless Monthly Metals Index (MMI) remained sideways, but continued to slide. Overall, the index fell by 0.72% from January to February as nickel prices remained consolidated. Bearish Conditions Continue to Haunt 304 Stainless The chaos of tariffs was seemingly lost on large portions of the stainless steel market. For many, the return of a […]
Category: Metal Prices
Construction MMI: Tariff Talk: What Should the Construction Industry Expect?
The Construction MMI (Monthly Metals Index) held its sideways trend, budging down a slight 1.35%. Meanwhile, the U.S. construction industry faces a complex landscape shaped by recent policy changes, Trump tariffs and other economic factors. Tariffs and Their Effect on Construction Materials Steel remains a fundamental component of modern construction, playing a crucial role in […]
Copper MMI: Copper Prices Up as Comex Premium Advances
The Copper Monthly Metals Index (MMI) held sideways, although the upside bias appeared to accelerate. In total, the index rose 1.64% from January to February, supported by rising U.S. copper prices. Keep up with the latest tariff news impacting copper prices. Subscribe to MetalMiner’s free weekly newsletter. Copper Prices Bullish as Exchange Delta Grows Traders […]
Raw Steels MMI: Mills Push For Steel Price Increases, Tariffs on Deck
The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 0.78% increase from January to February. However, steel prices could still be in for significant volatility. Mills Push for Price Increases After Weak Q4 As Q4 financial results started to pour in, they reflected a challenging end to 2024. While data from Cliffs […]
Automotive MMI: Market Witnesses Volatility with Tariff Concerns
The Automotive MMI (Monthly Metals Index) held sideways for the third month in a row, moving up a mere 0.62%. In January, the U.S. automotive industry faced significant developments affecting metals prices and manufacturing processes. Key factors included proposed tariffs, strategic investments in steel production and notable market reactions among automotive stocks. Tariff Panic and […]
Rare Earths MMI: 10% Chinese Tariff – How Much Will it Impact Rare Earths?
The Rare Earths MMI (Monthly Metals Index) held sideways from January to February, moving up a slight 2.88%. Rare earths prices have proven more volatile in the past year than other metal products like steel. Now, it seems the rare earth market could witness more volatility in 2025. President Trump recently imposed a 10% tariff […]
Aluminum’s Paradox: Prices Hold Strong Despite Global Economic Slump
GDP growth in China and the United States, the world’s two largest aluminum consumers, has slowed for months. Meanwhile, Europe and Japan continued to struggle with stagnant growth for much of 2024. Though still fluctuating within a range, aluminum prices have pushed toward the top in recent weeks. For this reason, many consumers continue to […]
Global Precious Metals MMI: Gold on Its Way to Record Highs Again?
The Global Precious Metals MMI (Monthly Metals Index) moved sideways from December to January, trending downward by 2.77%. Over the past month, precious metal prices in the U.S. witnessed significant fluctuations, driven by a mix of economic trends and global political developments. The increase primarily stems from speculation amongst investors regarding President Trump’s trade strategies […]
Aluminum Divide: Experts Clash Over EU’s Proposed Sanctions on Russian Metal
For now, the aluminum sector seems divided on the impact that a proposed new ban on Russian aluminum exports by the European Commission may have on the global supply chain. It is an important question, especially as aluminum prices remain locked in a sideways trend. However, price did experience a slight upsurge at the news. […]
Copper MMI: LME, CME Copper Prices Bifurcate as Traders Bet on U.S. Tariffs
The Copper Monthly Metals Index (MMI) trended sideways overall, with a modest 0.65% decline from December to January. Meanwhile, the price of copper continues to react to new U.S. leadership and potential changes in trade policy. Traders Bet on Higher U.S. Copper Prices Ahead of President Trump’s inauguration, Comex copper prices started to break out […]
