The Global Precious Monthly Metals Index (MMI) rose by 2.9% for this month’s value, as gold prices picked up amid the ongoing Russia-Ukraine war. The March 2022 MMI report, featuring all 10 MMI indexes, will be available for download later today. Gold prices rise February proved a difficult month for stocks, as the S&P 500 fell […]
Category: Metal Prices
Renewables/GOES MMI: Cobalt prices rise; US aims to strengthen supply chains for critical minerals
The Renewables Monthly Metals Index (MMI) picked up by 6.0% for this month’s reading, as cobalt prices picked up and the U.S. government last month announced a number of efforts aimed at strengthening domestic supply chains for critical minerals. Keep an eye on the MetalMiner weekly newsletter for analysis of everything going on in the world […]
Rare Earths MMI: White House moves to develop domestic rare earths supply
The Rare Earths Monthly Metals Index (MMI) rose by 15.0% for this month’s index value, as rare earths prices rose across the board. Keep an eye out for rare earths news and analysis in the MetalMiner weekly newsletter. White House announces developments in domestic rare earths sector The White House last month announced new efforts to […]
Automotive supply chain disruptions ripple out across Europe from Russia-Ukraine war
We naturally focus on metals and energy issues when reviewing the Russian invasion of Ukraine. However, metals and energy are not the only commodities or products Russia and Ukraine export to the world. While neither country dominates any sector, both Russia and Ukraine play a significant enough role in certain sectors for supply chain disruption […]
Construction MMI: Russian invasion of Ukraine impact on US real estate market minimal
The Construction Monthly Metals Index (MMI) rose by 4.7% for this month’s reading, as metal prices continue to see support from geopolitical turmoil, in addition to ongoing supply fears. Invasion impact on US real estate? Minimal, NAR says We have overviewed the impact of the Russian invasion of Ukraine on everything from oil prices to […]
Raw Steels MMI: Drop in US steel prices could hit roadblocks; European steel prices rise
The Raw Steels Monthly Metals Index (MMI) rose by 4.9% month over month, even as U.S. steel prices continue to fall (at least for now). U.S. steel prices, with the exception of plate, continue their descent in spite of curtailments and capacity delays instituted by steelmakers. Hot-rolled coil prices have closed in on the $1,000/st […]
Metal prices climb as world could look to China to fill steel supply gap
The ongoing Russian-Ukraine conflict has impacted metal prices, including steel raw materials, and ferrous products prices. Metal prices, raw materials on the rise Iron ore and coking coal gained the most over the previous week. Meanwhile, steel prices, week over week gained at the Shanghai Futures Exchange. A gradual pickup in Chinese infrastructure demand and […]
LME suspends nickel trading due to short squeeze
The London Metal Exchange (LME) halted nickel trading effective 8:15 a.m. London time today. The contract will remain suspended for the remainder of today. According to the LME, the price movement in Asia overnight combined with the situation between Russia and Ukraine led to the decision to halt trading. Furthermore, the LME said it would […]
Automotive MMI: Palladium prices, nickel prices surge as sanctions hit Russia
The Automotive Monthly Metals Index (MMI) fell by 0.7% for this month’s value, as palladium prices have surged while steel prices have retreated. Last year, MetalMiner added a suite of precious metals prices to the MetalMiner Insights platform. Russia-Ukraine war, the auto sector and palladium prices The Russian invasion of Ukraine has yielded commodity price volatility […]
Copper MMI: Copper prices remain stable after Russian invasion but jump in early March
The Copper Monthly Metals Index (MMI) rose 1.7% month over month, as copper prices remained range-bound in the immediate aftermath of Russia’s invasion of Ukraine. However, copper prices have jumped to start March. Copper prices remained significantly unaffected by the conflict between Russia and Ukraine. From a mining perspective, more copper supply is scheduled to […]
