Well, if you thought the London Metal Exchange’s unprecedented suspension of trading last week took the steam out of the nickel market and nickel prices, and that the world would revert to orderly conduct Wednesday when the LME resumed trading, you would have been wrong. Nickel price chaos The LME had set trading limits of […]
Category: Metal Prices
MetalMiner CEO Lisa Reisman talks metal prices, LME nickel chaos and more with BNN Bloomberg
The last month has been a frenetic one in the world of metals and metal prices. In recent weeks, we’ve covered the ramifications of Russia’s invasion of Ukraine, reviewed the fallout of the London Metal Exchange’s decision to suspend nickel trading and covered developments spanning metal markets in our March 2022 Monthly Metal Index (MMI) […]
Amid rising European steel prices, EU bans imports of Russian steel subject to safeguard measures
We continue to monitor the impact of the Russian invasion of Ukraine on steel prices (and other commodities). In that vein, on March 15 the European Commission, the executive body for the European Union, implemented an import ban against Russian steel products currently subject to safeguard measures. EU moves forward with steel import ban The […]
Global Precious MMI: Gold prices rise; COMEX suspends Russian gold, silver producers
The Global Precious Monthly Metals Index (MMI) rose by 2.9% for this month’s value, as gold prices picked up amid the ongoing Russia-Ukraine war. The March 2022 MMI report, featuring all 10 MMI indexes, will be available for download later today. Gold prices rise February proved a difficult month for stocks, as the S&P 500 fell […]
Renewables/GOES MMI: Cobalt prices rise; US aims to strengthen supply chains for critical minerals
The Renewables Monthly Metals Index (MMI) picked up by 6.0% for this month’s reading, as cobalt prices picked up and the U.S. government last month announced a number of efforts aimed at strengthening domestic supply chains for critical minerals. Keep an eye on the MetalMiner weekly newsletter for analysis of everything going on in the world […]
Rare Earths MMI: White House moves to develop domestic rare earths supply
The Rare Earths Monthly Metals Index (MMI) rose by 15.0% for this month’s index value, as rare earths prices rose across the board. Keep an eye out for rare earths news and analysis in the MetalMiner weekly newsletter. White House announces developments in domestic rare earths sector The White House last month announced new efforts to […]
Automotive supply chain disruptions ripple out across Europe from Russia-Ukraine war
We naturally focus on metals and energy issues when reviewing the Russian invasion of Ukraine. However, metals and energy are not the only commodities or products Russia and Ukraine export to the world. While neither country dominates any sector, both Russia and Ukraine play a significant enough role in certain sectors for supply chain disruption […]
Construction MMI: Russian invasion of Ukraine impact on US real estate market minimal
The Construction Monthly Metals Index (MMI) rose by 4.7% for this month’s reading, as metal prices continue to see support from geopolitical turmoil, in addition to ongoing supply fears. Invasion impact on US real estate? Minimal, NAR says We have overviewed the impact of the Russian invasion of Ukraine on everything from oil prices to […]
Raw Steels MMI: Drop in US steel prices could hit roadblocks; European steel prices rise
The Raw Steels Monthly Metals Index (MMI) rose by 4.9% month over month, even as U.S. steel prices continue to fall (at least for now). U.S. steel prices, with the exception of plate, continue their descent in spite of curtailments and capacity delays instituted by steelmakers. Hot-rolled coil prices have closed in on the $1,000/st […]
Metal prices climb as world could look to China to fill steel supply gap
The ongoing Russian-Ukraine conflict has impacted metal prices, including steel raw materials, and ferrous products prices. Metal prices, raw materials on the rise Iron ore and coking coal gained the most over the previous week. Meanwhile, steel prices, week over week gained at the Shanghai Futures Exchange. A gradual pickup in Chinese infrastructure demand and […]