The Rare Earths Monthly Metals Index (MMI) rose by 1.7% for this month’s reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. China consolidates trio of rare earths units As Beijing has sought to control its domestic metals production in the form of state-directed company consolidation, it has […]
Category: Metal Prices
Copper MMI: Sideways trend persists, Fed fosters bearish sentiment
The Copper Monthly Metals Index (MMI) rose 0.8% for this month’s reading. Copper prices continue to trade sideways within a big time frame, a resistance and support channel. While prices have consolidated within the channel, there are certain points of interest marked as key levels that would indicate a macro bullish continuation or macro reversal […]
Stainless MMI: Tariff exclusion could lead to more capacity
The Stainless Monthly Metals Index (MMI) rose by 1.8% month over month. Although nickel edged up slowly in price, it squeezed into a wedge that is susceptible to big time frame resistance. Prices continue to consolidate within an October-November 2021 high-low price range. A continuation to the upside with more volume from the bulls could […]
Aluminum MMI: Energy crisis hits production, buoys prices
The Aluminum Monthly Metals Index (MMI) rose 4.8% following two consecutive months of decline. After a sharp 7.6% drop in the early days of November, prices appeared to have found a bottom and formed a bullish “cup and handle” technical pattern around the summer support levels. Aluminum prices have broken out of the bullish pattern […]
Automotive MMI: Toyota edges GM in 2021 US auto sales
The Automotive Monthly Metals Index (MMI) fell by 3.4% for this month’s reading, as auto sales continued to slump in the face of ongoing supply and inventory constraints. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. US auto sales In the U.S. market, General Motors reported […]
Construction MMI: Construction spending gains, pace of ABI growth slows
The Construction Monthly Metals Index (MMI) rose by 3.3% for this month’s reading, as construction spending picked up in November. U.S. construction spending reached a seasonally adjusted annual rate of $1,625.9 billion in November, or up 0.4% from October, the Census Bureau reported. Furthermore, the November rate marked a 9.3% year-over-year increase. Meanwhile, through the […]
This Morning in Metals: Copper prices pick up
This morning in metals news: LME copper prices have ticked up; the U.S. monthly trade deficit increased from October to November; and, lastly, WTI crude prices made some gains this week. You want more MetalMiner on your terms. Sign up for weekly email updates here. Copper prices rise Copper prices had trended firmly in between […]
This Morning in Metals: U.S. steel prices continue to cool
This morning in metals news: U.S. steel prices have continued to decline; OPEC will continue its output increase schedule in February 2022; and, lastly, Alcoa at the end of last year announced plans to curtail production at its San Ciprián aluminum smelter in Spain. Does your company have a steel buying strategy based on current […]
This Morning in Metals: MetalMiner looks ahead in January 2022 MMO report
This morning in metals news: MetalMiner’s January 2022 Monthly Metal Outlook (MMO) report is now available; steel capacity utilization for the week ending Jan. 1, 2022, fell to 80.6%; and, lastly, U.S. job openings declined in November. Request a 30-minute demo of the MetalMiner Insights platform now. January 2022 MMO report MetalMiner has kicked off […]
This Morning in Metals: Energy costs surge; steel imports rise; aluminum price picks up
This morning in metals news: energy costs surged in 2021; U.S. steel imports picked up in November; and, lastly, aluminum prices rose during the second half of December. All the metals intelligence you need in one user-friendly platform with unlimited usage. Request a MetalMiner Insights platform demo. Energy costs rise in 2021 Energy costs surged […]
