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 […]
Category: Metal Prices
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. […]
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 – […]