MetalMiner avails itself of both Artificial Intelligence (AI) and Technical Analysis (TA) to better understand market direction. In short-term analyses, AI works particularly well. However, when looking for long-term answers, TA is far more insightful. This is particularly true when determining the best market forecast in terms of bullish, sideways, or bearish. Charts, Forecasts, and […]
Category: Metal Prices
Steel prices slipping in Europe
Steel prices for hot rolled coil in Europe have started to decline as end users push back from earlier offers. Meanwhile, benchmark iron ore prices in China dropped, due to the country’s zero-Covid policy. One analyst noted that steelmakers in Europe are cutting back their production. “Steel would get a bit of support from production […]
The Aluminum Price Forecast: China is Coming
Don’t worry – this isn’t another “reds-under-the-bed” story. Rather, it’s a look into how Chinese aluminum semis are quickly becoming the market’s main price setting (at least in Europe). With Russia more or less out of the picture and domestic mills booked up for months, China is the only swing producer with capacity to spare. […]
Lithium Market or Bust: The US is Staring Down a Big Opportunity
The US could enter the lithium market in a very big way. At least, that’s what some experts are claiming. The global demand for lithium is on the rise, especially in the US. This should come as no surprise, as lithium-ion batteries are essential to electric vehicles and energy storage. Still, the question remains: is […]
Titanium Market Facing Major Supply Constraints
Like other industry insiders, the team here at MetalMiner has paid very close attention to the way international sanctions on Russia are affecting metals markets. When the invasion of Ukraine started, aluminum, zinc, and even steel had been strongly supported. Since early March, those prices have fallen back (as have Russian troops). Despite this, we […]
Stainless MMI: Nickel prices trade down but remain elevated amid lower LME volumes
The Stainless Monthly Metals Index (MMI) jumped by 25.07% from March to April, as nickel prices remained elevated. Nickel prices continue to trade slightly downward. However, nickel prices remain elevated from pre-invasion levels. Volume flow fluctuated among exchanges in recent days due to distrust of the LME, while nickel prices began to trade within an […]
Raw Steels MMI: US steel prices reverse direction, continuing their upward trajectory
The Raw Steels Monthly Metals Index (MMI) increased by 15.14% month over month, as U.S. steel prices picked up this past month. Steel prices rise U.S. steel prices rose in March. Plate prices skipped the price descent and climbed to new all-time highs. Meanwhile, HRC, CRC and HDG hit a bottom in early March and […]
Let’s Not Forget China
Russia’s invasion of Ukraine has sent shock waves throughout global metals markets. However, it’s important to remember that the most consistent longer-term driver of metal prices is Chinese demand. That’s why it’s surprising to see how little attention has been paid to the world’s largest consumer and producer of metals in recent months. It’s understandable […]
Renewables/GOES MMI: Biden uses Defense Production Act to boost domestic production of battery materials
The Renewables Monthly Metals Index (MMI) slipped by 2.5% for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Keep up with MetalMiner’s latest analysis of metals markets in the MetalMiner weekly newsletter. Biden looks to Defense Production Act to boost domestic production As we noted in […]
Global Precious MMI: Gold prices retrace after early-March surge
The Global Precious Monthly Metals Index (MMI) fell by 1.4% for this month’s index reading, as gold prices retraced after peaking in early March. The MetalMiner Insights platform features a full suite of precious metals prices. Gold, silver prices retrace After peaking in early March, gold prices have retraced. The U.S. gold bullion price jumped to […]