U.S. President Joe Biden on Monday signed the $1.2 trillion Infrastructure Investment and Jobs Act into law. The bill includes funding to upgrade the country’s transportation infrastructure, electric grid and more. As such, the projects will certainly need metals like steel, copper and aluminum, among others. In that vein, we recently chatted with Mike Stier, […]
Category: Metal Prices
This Morning in Metals: Merchants Fleet expands BrightDrop EV order to 18,000
This morning in metals news: Merchants Fleet will expand its purchases of BrightDrop electric vehicles to 18,000; meanwhile, the Producer Price Index for metals and metal products increased in October; and, finally, the United States International Trade Commission issued a vote on freight rail coupler systems from China. You want more MetalMiner on your terms. […]
U.S. steel capacity utilization rises to 84.1%
The U.S. steel sector’s capacity utilization rate reached 84.1% for the week ending Nov. 13, the American Iron and Steel Institute reported. Make sure you are following the five best practices of sourcing steel. Steel capacity utilization Steel capacity utilization reached 84.1%, up from 83.4% the previous week. Steel output last week totaled 1.86 million […]
Is the LME running out of metal?
The headline poses a rhetorical question — we can all see the rundown in LME inventory this year. However, the question is intended to raise two issues. First, while in many cases analysts will point to falling inventory levels as a reason for rising prices, the current ultra-low levels of LME stocks support the point […]
Renewables/GOES MMI: Northvolt produces battery cell with 100% recycled nickel, manganese, cobalt
The Renewables Monthly Metals Index (MMI) rose by 3.9% this month. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Want MetalMiner directly in your inbox? Sign up for weekly updates now. Northvolt produces first battery cell with 100% recycled cobalt, nickel, manganese In the battery market, Swedish firm Northvolt announced […]
Stainless MMI: Stainless prices beneath peak but remain bullish
The Stainless Monthly Metals Index (MMI) rose by 3.8% month over month. Nickel continues to be within an overall uptrend. However, LME prices experienced significant volatility throughout October. Prices dropped as low as $17,810/mt in the early days of the month before they spiked to $20,475/mt by Oct. 21. Prices have since retraced and appear […]
Week in Review: Steel prices soften; House sends infrastructure bill to Biden’s desk; CPI rises 0.9% in October
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including softening steel prices, the House’s passage of the over $1 trillion infrastructure bill and more: Check if your service center is providing you with price transparency for your steel spend. Week […]
Global Precious MMI: MetalMiner launches precious metals suite in MetalMiner Insights
The Global Precious Monthly Metals Index (MMI) rose by 5.8% this month. MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. MetalMiner launches precious metals suite in MetalMiner Insights In case you missed it, MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. […]
Rare Earths MMI: Greenland parliament vote effectively halts Kvanefjeld rare earths project
The Rare Earths Monthly Metals Index (MMI) rose by 10.4% this month. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Greenland parliament bans uranium mining, exploration Earlier this year, we touched on the snap elections in Greenland, where the victorious left-wing Inuit Ataqatigiit party ran in opposition to the promising Kvanefjeld […]
Construction MMI: Construction spending slips; infrastructure bill could be boon for construction sector
The Construction Monthly Metals Index (MMI) rose by 4.0% for this month’s reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. U.S. construction spending U.S. construction spending in September reached a seasonally adjusted annual rate of $1,573.6 billion, the Census Bureau reported. The September rate marked a decline […]
