There doesn’t appear to be a lot of consensus around the copper market. On the one hand, according to Reuters, the International Copper Study Group (ICSG) reports the global refined copper market will be roughly balanced between supply and demand this year. Meanwhile, the group forecasts a significant supply surplus in 2022. The ICSG is […]
Category: Metal Prices
Zinc prices boom to 14-year highs as power costs hit producers
Zinc prices have surged to 14-year highs this week, rising by over 24% on a month-over-month basis. The LME three-month zinc price closed Friday at $3,757 per metric ton, according to MetalMiner Insights data. Chinese primary cash zinc closed Monday at $742 per metric ton, up 20.86% month over month. We’re offering timely emails with […]
Further bad news for metals consumers: alloying element shortages
We wrote recently about the impact power rationing and rising coal costs were having on metals producers in Europe. Well, it would seem that is not the only driver pushing semi-finished product prices higher this month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for […]
Week in Review: Aluminum prices remain elevated; power costs weigh on metals producers; IEA releases World Energy Outlook
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 aluminum prices, rising power costs and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner […]
Renewables/GOES MMI: Despite renewables growth, coal and oil bounced back in 2021, IEA warns
The Renewables Monthly Metals Index (MMI) ticked up slightly for this month’s value. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Renewables make progress, but coal, oil […]
Global Precious MMI: Gold price falls as dollar gains in September
The Global Precious Monthly Metals Index (MMI) lost ground this month, dropping by 12.9% as the gold price declined and the dollar strengthened last month. More MetalMiner is available on LinkedIn. Gold slides, dollar gains The U.S. gold bullion price fell in September, dropping from $1,814 per ounce as of Sept. 1 to $1,757 on […]
Rising raw material prices push Indian steel prices up
Steel prices in India have nearly doubled over the last year, reflective of rising steel prices across the globe. But for India, several factors such as a steep rise in the prices of raw material like iron ore — and of late, coking coal — have contributed to the steep hike. Due to China’s decision […]
Rare Earths MMI: GM, GE Renewable Energy sign MoU to develop rare earth supply chain
The Rare Earths Monthly Metals Index (MMI) bounced back, rising by 11.6% this month. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. GM, GE Renewable Energy aim to develop rare earths supply chain Automaker General Motors and GE Renewable Energy have signed a memorandum of understanding through […]
Stainless MMI: Index declines for first time in five months
The Stainless Monthly Metals Index (MMI) fell by 1.9% for this month’s reading. Do you know the five best practices of sourcing metals, including stainless steel? Base price and surcharge increases North American Stainless (NAS) increased 304, 304L and 316L effective Oct. 1 by reducing the discount by two points. For 304, this is an […]
LME CEO weighs in on low-carbon aluminum during LME Week
London Metal Exchange CEO Matthew Chamberlain has expressed doubt over sourcing aluminum from exclusively low-carbon sources in the short term. “There have been calls for us to exclude high-carbon production, but we don’t think that’s the right thing to do because there simply would not be enough aluminum on the market,” Chamberlain said on Oct. […]
