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 […]
Category: Metal Prices
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 […]
Rare Earths MMI: House representatives introduce bill proposing tax credit for domestic rare earth magnet production
The Rare Earths Monthly Metals Index (MMI) surged by 30.6% for this month’s reading, as this week a pair of House representatives — a Democrat and Republican — introduced legislation that proposed a tax credit for domestic production of rare earth magnets. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to […]
Stainless MMI: Strong stainless demand to continue into 2022
The Stainless Monthly Metals Index (MMI) increased by 8.2% for this month’s reading. Stop obsessing about the actual forecasted nickel price — it’s more important to spot the trend. Outokumpu demand outlook Stainless steel producer Outokumpu released its half-year report, reporting that their sales increased by 16.8% for the first half of 2021 compared to […]
Raw Steels MMI: Steel demand on the rise
The Raw Steels Monthly Metals Index (MMI) rose by 7.8% as U.S. and Chinese steel prices continued their rally. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Executive order on zero emissions, electric vehicles On Thursday, Aug. 5, President Joe Biden’s office […]
Aluminum MMI: Prices almost reach decade high
The Aluminum Monthly Metals Index (MMI) increased by 7.0%. Prices remain historically high, with Chinese prices increasing the most this month. Throughout July, LME aluminum traded mostly sideways until the last few days of the month when the price spiked. LME prices reached $2,619/mt on Aug. 1. Prices are close to the decade high of […]
Construction MMI: Architecture Billings Index remains near record high, construction spending rises in June
The Construction Monthly Metals Index (MMI) rose by 8.9% for this month’s MMI reading, as June construction spending rose slightly from the previous month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Construction spending ticks up in June […]
COMEX-LME copper arbitrage tells a story
After a barnstorming first quarter, the copper price appears to be bucking the wider bull market narrative by trading sideways in the second quarter. Yet there remains a strange disconnect between COMEX and the North American market and the LME and rest of the world. Receive the latest short-term and long-term outlook for the full […]