The UK Trade Remedies Authority announced on Friday, May 20, that new measures should be put in place to “protect the UK’s aluminum extrusion industry” from dumped Chinese products.” The surprise move comes after an 11-month investigation into inconsistencies with aluminum bar imports. The TRA made the recommendation to the organization’s current Secretary of State […]
Category: Metal Prices
Rare Earths MMI: Rare Earths Prices Hold Steady Despite Amid Lower Scrap Availability
The Rare Earths Monthly Metals Index (MMI) held flat for a .56 percent change this month. Even so, some rare earths prices have seen significant fluctuation. Praseodymium Neodymium Oxide is one such example. The allow saw a significant price increase over the past month. Check out the MetalMiner forecast track record. By correctly calling the trends MetalMiner […]
Raw Steels MMI: Steel Prices Fall As Demand Concerns Mount
The ascent for U.S. steel prices faltered as HRC, CRC, and HDG prices began to fall in early May. Plate prices also took a big dip. All in all, the Raw Steels Monthly Metals Index (MMI) fell by 8.9% from April to May. Know what to do when the market shifts. Related article: The […]
Renewables Monthly Metals Index (MMI) Drops with Steel Prices But GOES Rises
The Renewables Monthly Metals Index (MMI) fell 6.4% with notable drops in steel prices, particularly for plate. Source: MetalMiner Insights Biden’s Plan for a More Renewable US Breaking news in the US Green Energy push. The Biden Administration has released an “action plan” intended to accelerate permitting on new green projects. The goal is to loosen […]
Tin Price Forecast Signals Continued Short Supply
Despite a strong rebound in output, the tin market is still dangerously short on supply. How will this affect the tin price forecast? Experts are rushing to weigh in. According to Reuters, the International Tin Association (ITA) reported that global refined tin production increased by 11% to 378,400 metric tons last year. But while output […]
Global Precious Metals MMI: Silver Prices Lead Index Lower
The Global Precious Monthly Metals Index (MMI) fell by 0.9% for this month’s index reading, largely due to falling silver prices. Did you know that MetalMiner forecasts for several precious metals in the MetalMiner Insights platform? Rising interest rates tend to dampen investor sentiment toward precious metals. Gold and silver typically act as a store of value, […]
Aluminum MMI: Global Aluminum Prices Drop Alongside Other Base Metals
From a technical perspective, global aluminum prices began to change structure in short time frames, which could suggest further price drops. Currently, prices are beginning to approach previously-established lows. However, a bullish trend reversal can’t occur until aluminum establishes a clear price floor. Source: MetalMiner Insights The Aluminum Monthly Metals Index (MMI) dropped by 8.84% […]
Stainless Steel MMI: Stainless Prices Holding Strong
The Stainless Steel MMI indicates that prices are holding fast. This, as cold-rolled stainless imports to the U.S. have averaged above 40,000 MT per month for several straight months. Meanwhile, U.S. flat-rolled stainless producers have run at full capacity for over a year now. Still, they continue to place premiums on products they simply don’t […]
Copper MMI: Copper Prices Fall with Chinese Lockdowns
Starting in late April, copper prices began to take out prior lows. It seemed like an attempt to find a bottom and reestablish a potential bullish reversal in the short term. The Copper Monthly Metals Index (MMI) fell by 3.04% month over month. Know what to do when the trend shifts. Related article: The Art […]
The Metals Forecast: Are The Bears Back in Town?
Following a strongly inflationary metal environment in Q1, Q2 2022 is looking like a whole different ballgame. Indeed, it’s no secret that the global economy is currently facing a number of major challenges. Alone, none of these would be enough to derail us from last year’s strong rebound. When added together, however, they’re helping to […]