The Rare Earths Monthly Metals Index (MMI) fell 11.3% for this month’s reading. Keep an eye out for the full MMI report download later this week. Iluka approves new refinery Australian firm Iluka Resources this week announced it had approved a fully integrated refinery for rare earth oxides. The refinery will be at Eneabba, Western […]
Category: Metal Prices
Copper MMI: LME copper prices rise while maintaining a sideways pattern
The Copper Monthly Metals Index (MMI) rose by 3.5% month over month, as copper prices have continued to trade sideways. Copper prices continued to trade within a sideways range. This costs industrial buyers purchasing opportunities due to the overall risk of holding inventory in the event of sudden, volatile price fluctuations. Traders, however, took advantage […]
Russia’s ‘ruble ransom’ — how oil demands might affect aluminum prices, steel prices
Recently, Russian President Vladimir Putin made some tough talk about forcing “unfriendly countries” to pay for Russian gas in rubles, leading us to wonder how that might impact aluminum prices and steel prices. There are fears that Russia’s economic isolation will begin to affect aluminum prices or steel prices. Those impacts would further burden manufacturers […]
Aluminum MMI: LME aluminum prices retreated from all-time high
The Aluminum Monthly Metals Index (MMI) increased by 4.0%, as aluminum prices retreated from an all-time high. Aluminum prices remain bullish Aluminum prices showed downside price action and headed toward the previous month’s dips. Such declines do not change the overall outlook toward the upside. Aluminum prices continue to form chart structures that suggest overall […]
Construction MMI: Metal prices bounce back, steel imports fall
The Construction Monthly Metals Index (MMI) picked up by 6.0% for this month’s reading, as rising metal prices push up the cost of doing business in the construction sector. Construction costs rise with metal prices As MetalMiner’s Don Hauser (VP, business solutions) explained during a recent ROTH Capital webinar, steel buyers should keep an eye on […]
Vietnamese automaker VinFast to build EV manufacturing center in North Carolina
As we continue to analyze current market factors and their impacts on nickel prices, copper prices and other key metal prices for automotive production, today we’ll focus on an announced addition to the domestic automotive manufacturing scene. A new automotive player will be coming to the U.S. soon, as Vietnamese automaker VinFast this week announced […]
Zinc prices rising as inventory disappears by the day
Much has been said about the trials and tribulations of the aluminum market, particularly of the impact on smelter output from energy rationing in China last year and then rapidly escalating energy prices in Europe this winter. Russia’s invasion of Ukraine turbocharged prices. Fears rose over already constrained oil and natural gas supplies to Europe […]
MetalMiner experts talk steel imports, steel prices (and more) during ROTH webinar
During a recent ROTH Capital Partners webinar session, MetalMiner CEO Lisa Reisman and Don Hauser, vice president of business solutions, covered a wide range of metals-related topics, from the recent LME nickel debacle to potential metal price drivers to steel imports and steel prices. US steel imports plunge in February On the last point, Hauser […]
MetaMiner’s Stuart Burns talks metal prices, supercycles and more on BNN Bloomberg
It’s been a busy month for MetalMiner experts talking metal prices, volatility and much more over the airwaves. Earlier this month, MetalMiner CEO Lisa Reisman chatted with BNN Bloomberg about the recent LME nickel crisis, gold prices and much more. This week, Stuart Burns, MetalMiner co-founder and editor-at-large, checked in with BNN Bloomberg to chat […]
MetalMiner Q&A: LME nickel turmoil, volume volatility and what’s next for the exchanges
The MetalMiner team has broken down the significant fluctuations in the LME nickel contract this month. But now that a few weeks have passed since the LME first suspended trading, it’s time to take a look at some other interesting trends at play on the LME and elsewhere. In this question-and-answer session, MetalMiner’s Stuart Burns […]