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: Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Week of Aug. 16-20 […]
Category: Metal Prices
Tin, from a technical and fundamental analysis, seems a one-way bet
MetalMiner’s new technical analyst Jimmy Chiguil recently spoke at a MetalMiner workshop, explaining how tin’s meteoric rise this year (up 68% since January), should power higher if it sustains its break above its previous peak of U.S. $33,600 per metric ton set way back in 2011. From a technical analyst perspective, previous peaks form natural […]
This Morning in Metals: SSAB touts world’s first ‘fossil-free’ steel
This morning in metals news: Sweden’s SSAB has hailed the delivery this week of its first shipment of fossil-free steel; copper prices have been sliding; and, lastly, electricity demand soared last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying […]
Copper caught in the summer doldrums
Dial back to the sentiment earlier this year and copper would be powering through $11,000 per metric ton with today’s fundamentals. However, it has spent much of the last month bobbing around the mid $9,500 per metric ton mark (currently sub-$9,400 for cash). We’re offering timely emails with exclusive analyst commentary and some best practice […]
Steel prices in China looking more vulnerable in the face of falling input costs
Unusually, the global steel market is diverging in the opposite direction from “normal.” Historically, China would show signs of strength driven by robust construction activity while Europe and the U.S. struggled, facing more mature markets and relatively higher levels of foreign penetration. The U.S. continues to power ahead. There, mill lead times remain stubbornly protracted. […]
This Morning in Metals: Natural gas exports to exceed imports this year, EIA forecasts
This morning in metals news: the Energy Information Administration forecast U.S. natural gas exports will exceed imports this year; aluminum prices remained near 10-year highs last week; and, finally, the Associated General Contractors of America reported on the rise in construction input costs. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
Week in Review: IPCC report takeaways; copper market trends; tax credits for rare earth magnet production?
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: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week of Aug. 9-13, 2021 (copper […]
This Morning in Metals: US import prices up 0.3% in July
This morning in metals news: the pace of the rise of U.S. import prices slowed in July compared with the previous month; meanwhile, Nucor completed the acquisition of an insulated metal panels business; and, lastly, U.S. steel prices continue to move upward. Want an occasional email from MetalMiner that highlights new content with NO sales […]
Renewables/GOES MMI: Re|Source, Tesla partner on cobalt supply chain pilot
The Renewables Monthly Metals Index (MMI) jumped by 6.7% for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Re|Source, Tesla team up on […]
Global Precious MMI: Gold price retreats, US dollar strengthens
The Global Precious Monthly Metals Index (MMI) fell by 0.7% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. Gold price slides After showing strength in April and May, the gold price has continued to slide in June and July. The U.S. gold bullion price closed July […]