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 […]
Category: Metal Prices
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. […]
Raw Steels MMI: Steel prices settle going into the fourth quarter
The Raw Steels Monthly Metals Index (MMI) dropped by 2.4%, as most forms of steel around the world declined, despite coking coal prices being at all-time highs. Do you know the five best practices of sourcing metals, including steel? Global steel production According to the World Steel Association, global steel production declined for the fourth […]
Aluminum MMI: Aluminum remains high but stays below all-time high
The Aluminum Monthly Metals Index (MMI) went up by 3.1% this month, as all forms of aluminum jumped this month. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Primary capacity interest Historically high prices, increasing demand and production cuts in China have opened a window of opportunity […]
This Morning in Metals: Anglo American explores integrating hydrogen into South African economy
This morning in metals news: miner Anglo American announced the results of a feasibility exploring the potential for hydrogen in the South African economy; General Motors last week announced plans to double its revenue; and, lastly, steel prices have showed signs of flatlining of late. Stay up to date on MetalMiner with weekly updates – […]
Week in Review: Energy crisis in China, India; auto sales; copper demand doubts
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. Week of Oct. 4-8 Stuart Burns on the energy crisis in China. […]
Copper MMI: Copper demand doubts affect prices
The Copper Monthly Metals Index (MMI) fell 1.7%, as the copper demand picture could be set to weaken and the LME three-month and China primary cash prices fell month over month. Want MetalMiner directly in your inbox? Sign up for weekly updates now. The Fed effect and Congress delays As the Federal Reserve prepares to […]
Automotive MMI: Semiconductor shortage, low inventory weigh on Q3 auto sales
The Automotive Monthly Metals Index (MMI) held flat for this month’s reading, as U.S. auto sales slumped in Q3. 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 slip in Q3 General Motors reported its third-quarter sales fell from 665,192 […]
Construction MMI: Construction spending flat in August
The Construction Monthly Metals Index (MMI) fell for this month’s value, as U.S. construction spending came in virtually unchanged from the previous month. 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 construction spending U.S. construction spending in August reached a […]