When Chinese steel group Tsingshan announced its Indonesian nickel operations would supply matte — a form of the metal used only for stainless steel production — to battery makers back in February, the news undercut the narrative that only refined nickel would be sufficiently high grade for the electric vehicle sector. The price proceeded to […]
Category: Metal Prices
Stainless MMI: Stainless producers announce base price hikes
The Stainless Monthly Metals Index (MMI) remained flat for this month’s reading. Are you under pressure to generate stainless steel cost savings? Make sure you are following these five best practices. Base price and surcharge increase Both NAS and Outokumpu announced price increases effective Sept. 1. Outokumpu increased base prices by reducing the discount by […]
Raw Steels MMI: Index drops after a 14-month climb
The Raw Steels Monthly Metals Index (MMI) dropped by 1.4%, as Chinese steel and U.S. scrap prices declined. Each month, MetalMiner hosts a webinar on a specific metals topic. This month’s discussion is Carbon Steel 2022: What types of steel contracts to set up and when to execute them. Explore the upcoming webinars and sign […]
Copper MMI: Copper prices continue to decline
The Copper Monthly Metals Index (MMI) decreased by 3.4% in August, as forms of the metal included in the index dropped (with the exception of Chinese copper scrap). We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Copper prices trend downward Similarly to the index, LME copper prices […]
Aluminum prices set to power ahead into green future
An aluminum market that has lived with Chinese oversupply for two decades is experiencing a very different year in 2021. According to Reuters, it is starting to price in a very different future. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Aluminum prices of the future […]
Aluminum MMI: Rising aluminum prices concern Beijing
The Aluminum Monthly Metals Index (MMI) increased by 4.1% for this month’s reading. Do you know the five best practices of sourcing metals, including aluminum? LME three-month aluminum prices are only $100/mt away from 2011 prices. Overall, LME aluminum traded up despite some volatility in August. Prices took their largest dip Aug. 16-19 before recovering. […]
Automotive MMI: Auto sales slump in August as inventory lags, semiconductor shortage continues
The Automotive Monthly Metals Index (MMI) fell by 1.4% for this month’s MMI reading. 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. US auto sales Ford Motor Co. reported its August retail sales increased by 6.5% from the previous month. However, […]
Surging battery metals demand squeezes supply, Sibanye-Stillwater says
While much of the world still depends on fossil fuels, demand for battery metals is surging. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Battery metal demand on the rise South African platinum and palladium producer Sibanye-Stillwater said increasing […]
Hot rolled coil prices in Western Europe take a fall amid holiday season
Higher stock levels and summer holidays have seen prices for hot rolled coil in Western Europe move off since late July, industry watchers said. “I have the impression that people are not fully back yet from their holidays,” one source said. Those who have returned are now either taking a wait-and-see approach to any new […]
This Morning in Metals: Hurricane Ida slams Louisiana
This morning in metals news: Hurricane Ida made landfall in Louisiana on Sunday; copper prices have bounced back in the final third of August; and, lastly, Alro Steel has acquired metal distributor and service center Metal Stock. You want more MetalMiner on your terms. Sign up for weekly email updates here. Hurricane Ida hits Louisiana […]
