This morning in metals news: BMW announced Wednesday it will source steel from Swedish firm H2 Green Steel; meanwhile, miner Freeport-McMoRan today reported its third-quarter and nine-month 2021 results; and, finally, metal prices remain elevated but have taken a step back this week. Stay up to date on MetalMiner with weekly updates – without the […]
Category: Metal Prices
US housing starts slump in September; mortgage rates move above 3%
U.S. housing starts declined in September from the previous month, the Census Bureau reported this week. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. This month, on Thursday, Oct. 28, the MetalMiner team will delve into the benefits […]
This Morning in Metals: Copper prices continue October surge
This morning in metals news: copper prices have surged this month; median weekly earnings for full-time wage and salary workers are up; and WTI crude oil prices have ticked up since last week. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the […]
Copper market shows signs of distress; views differ on copper supply outlook
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 […]
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 […]