The Aluminum Monthly Metals Index (MMI) climbed by 8.0%, as aluminum prices spiked on the heels of Russia’s invasion of Ukraine. Aluminum prices spiked as tensions escalated between Russia and Ukraine. However, aluminum prices then began a slight decline before the launch of Russia’s full-scale invasion. MetalMiner publishes a wide range of aluminum price points […]
Category: Metal Prices
Russian exports hit even where sanctions are not directly applied, from energy to metal prices
What is true for oil and natural gas in the Russia-Ukraine conflict is increasingly becoming true of all commodities. Spot market oil, gas flows slow A post this week in the Economist outlines how Russia’s oil and gas exports are grinding to a halt, at least as far as the spot market is concerned. Longer-term […]
Rising metal prices from Russia-Ukraine war could hit India the hardest among Asian countries
Many Asian economies are likely to be negatively impacted by the ongoing Russia-Ukraine conflict, including in the form of rising metal prices. India, however, could be the Asian country that is most impacted. The MetalMiner Insights platform includes a wide variety of prices, from forms of steel to precious metals (and more) from a number […]
Invasion pushes hot rolled coil prices upward in Western Europe
Russia’s invasion of Ukraine has started to push up hot rolled coil prices on Western Europe’s domestic market due to concerns over availability and logistics, industry watchers and market participants said March 1. Keep an eye out for the upcoming Raw Steels Monthly Metals Index (MMI) report, which will include additional coverage of hot rolled […]
Current impact of the Russian invasion of Ukraine on the European metals market, metal prices
To say the situation in Ukraine — and its impact on metal prices _— is constantly evolving situation would be an understatement. No sooner is the position defined when new developments put previous assessments out of date. Nonetheless, we will do our best to address many of the developments as they are evolving this week. […]
EU brings sanctions against Russian magnates; impact on steel prices remains to be seen
Continuing our coverage of the Russian invasion of Ukraine and its impact on steel prices, aluminum prices and more, the European Union has brought sanctions against two Russian metals magnates on Feb. 28. The move comes on the heels of Russia’s invasion last week of Ukraine. This week’s MetalMiner newsletter will include additional analysis on […]
Ukraine shuts down two steel plants
Two steelmakers in Ukraine have placed their plants in conservation mode. This comes after the country’s invasion by Russian armed forces in the early hours of Feb. 24. Metinvest Holding announced that it would suspend operations for seven days throughout its hot end at the Azovstal plant as well as at the plant’s coke shop. […]
Russia sends in the troops, impacting metals markets
So, after weeks of will he, won’t he, Russian President Vladimir Putin finally ordered troops into two regions of eastern Ukraine. After recognizing Luhansk and Donetsk as independent states earlier this week, Putin made an emotional and rambling televised address to the Russian people. Where this will lead no one knows. But it seems unlikely […]
Green energy boom now biting all of Europe — and the USA, too
In 2018, a pair of us on the MetalMiner team attended the “premier aluminum conference in Europe” — Aluminum 2018 Dusseldorf. Although Dusseldorf felt like a charming Ohio blue collar town with good beer, one of us left the event with a deep cough (obviously pre-Covid). Oddly enough, the weather alert app kept displaying daily […]
Forecasters call for rising Chinese iron ore prices
Ed note: MetalMiner analysts will present an aluminum and carbon steel price market outlook on Wednesday, March 2 at 11:00-11:30 am The price decline of iron ore appears short-lived as the Chinese government cracks down on speculative trading. This has led many market analysts to forecast a rise in ore prices in the coming months. […]
