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. […]
Category: Metal Prices
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 […]
China raises rare earth production quotas to record levels as prices surge
China has previously been cast in a sinister role with respect to restricting the production and export of critical rare earth metals, usually salts, used to produce a host of products. Those products include magnets for consumers electronics and electric cars, defense equipment and advanced ceramics. But while the country deliberately created a near monopoly […]
This Morning in Metals: China problems weaken London copper price; Sigma Broking to join LME ring; Monthly Metal Outlook comes out today
This morning in metals news: Events in China are affecting the copper market; the London Metals Exchange may get a new member to its ring, the influential trading group that may be facing more changes itself; and look for our MMO today. Are you under pressure to generate steel cost savings? Make sure you are […]
Like steel, global aluminum production slides
Just as global steel producers have slowed in the past few months, global aluminum production has also dropped and aluminum prices recently touched a 13-year high. You want more MetalMiner on your terms. Sign up for weekly email updates here. Global aluminum production drops Amid surging aluminum prices, global aluminum production dropped in August, the […]
Global crude steel production down in August, China’s drops 5.3%
Global crude steel production fell by 1.4% year over year in August, the World Steel Association reported. Do you know which market conditions are best with different steel contracting mechanisms? Check out our best practices on this topic. Global crude steel production falls, including in China Global crude steel production fell by 1.4% to 156.8 […]
This Morning in Metals: Intel breaks ground on semiconductor factories in Arizona
This morning in metals news: Intel on Friday broke ground on two new chip factories in Arizona; meanwhile, a spill Sunday at from a U.S. Steel plant in Northwest Indiana led to the closure of beaches in the area; and, lastly, the aluminum price has taken a breather during the second half of the month […]
Russia’s 15% export duty hasn’t boosted flat-rolled prices as feared, traders say
Russia’s 15% export duty on steel has not impacted market prices for flat-rolled products, either coming into the European Union or rolled within the 27-member bloc, market participants told MetalMiner. “The Russian [steelmakers] are absorbing it completely,” one trading source said of the export duty. A second trader noted a similar situation. “The export tax […]