The Aluminum Monthly Metals Index (MMI) steadied, with a 1.38% rise from October to November. Aluminum prices moved sideways during October. While they only managed a 0.99% rise, aluminum still managed to outperform other base metals during the month. However, prices started to slip by mid-November as they echoed the increasingly bearish trend emerging in […]
Category: Metal Prices
Automotive MMI: Automotive Industry Could Face Headwinds from Germany and Incoming Tariffs
The November Automotive MMI (Monthly Metals Index) found slightly more upward momentum than the prior month. While the index remained sideways, price action rose by 2.33%. That said, the US automotive market could witness headwinds from a combination of factors. First, Donald Trump`s win in the US election could mean incoming tariffs that will impact […]
Copper MMI: Copper Prices Sideways After Trump Election
Overall, the Copper Monthly Metals Index (MMI) retraced to the downside, with a 3.56% decline from October to November. After outperforming the base metal category last month, Comex (CME) copper prices found a peak on October 3. This was followed by a modest retracement that saw copper prices fall 5.21% from the close of September. Despite […]
Raw Steels MMI: Steel Prices Hold Sideways Following Bearish Q3
The Raw Steels Monthly Metals Index (MMI) remained sideways with a slight upside bias, showing a modest 1.44% increase from October to November. U.S. flat rolled steel prices mostly moved sideways during October. HRC prices edged lower, with a 1.29% decline, while CRC prices rose by a mere 0.95%. HDG prices skipped the sideways trend […]
Renewables MMI: Mixed Market Signals & Policy Changes Potentially Incoming
The Renewables MMI (Monthly Metals Index) held firmly sideways, shifting down a mere 0.06%. With the incoming Trump administration, it is possible the renewable energy sector could witness market shifts in the upcoming year. The Biden Administration prioritized the expansion of renewable energy systems, including more specific projects like electric vehicles. However, the Trump Administration […]
Stainless MMI: Falling Stainless Prices Drag Suppliers
Overall, the Stainless Monthly Metals Index (MMI) accelerated declines from the previous month, with a 3.45% drop from October to November. Following a slight increase during September, nickel prices returned bearish. Prices fell 8.72% throughout October before they found a bottom at the close of the month, making them the worst-performing base metal. Crush your […]
Rare Earths MMI: Market Unstable With Multiple Supply Chain Disruptions. Are the Bulls Coming?
The Rare Earths MMI (Monthly Metals Index) saw its upward price action slow as prices experienced only a slight uptick of 0.38%. While upward price action for rare earths did lose steam month-over-month, prices could soon witness another bullish boost. Not only did China’s rare earth export ban go into effect as of October 1, […]
Renewables MMI: China’s October 1st Critical Minerals Restrictions Sends Vibrations Through Renewables Industry
The Renewables MMI (Monthly Metals Index) slowed down its upward price action and moved sideways, edging down by 0.12%. China Critical Minerals Restrictions Now in Full Effect On October 1, 2024, China imposed significant restrictions on the export of critical minerals, sending ripples through global markets. These minerals, including elements like gallium, germanium, and graphite, […]
Global Precious Metals MMI: Gold Once Again Hits Record Highs
The Global Precious Metals MMI (Monthly Metals Index) continued to make gains this past month, rising by 5.07%. Gold once again reached unprecedented highs, hitting $2,697 per ounce in October due to safe-haven demand spurred by economic concerns and U.S. election uncertainty. Other precious metals prices, like silver, also saw gains. Meanwhile, platinum began to […]
Construction MMI: Hurricane Helene and Hurricane Milton Leave “Path of Destruction” in U.S. Construction Industry
The Construction MMI (Monthly Metals Index) moved sideways, nudging up just 2.54%. Overall, the index continues to move in its more than year-long sideways range, with metal prices remaining stagnant. While the index had a slight response to the September interest rate drop, it will take a lot more than that to generate any type […]
