The CME’s Comex and London Metal Exchange (LME) are squaring up for the industrial revolution that is electrification, according to recent posts by Bloomberg and the Financial Times. Both exchanges are busy developing and, more importantly, marketing products that cater to industry’s need to hedge exposure to forward prices for key battery ingredients. Whether for car […]
Category: Metal Prices
Summer, import offers weigh on West European hot rolled coil prices
Prices for hot rolled coil in Western Europe have started to slow on subdued demand, due to the summer season and competitive import offers, market participants told MetalMiner. 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. Hot rolled […]
Week in Review: Chinese steel exports rise; USW, ATI reach deal; import prices rise
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 July 12-16 (Chinese steel […]
Renewables/GOES MMI: Cobalt prices bounce back in June, early July
The Renewables Monthly Metals Index (MMI) dropped by 0.8% for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Cobalt price bounces back Last month, we noted a plunge in […]
Global Precious MMI: Gold prices drop in June, bounce back after Fed chairman’s testimony
The Global Precious Monthly Metals Index (MMI) fell by 5.2% for this month’s reading, as gold prices dipped throughout June. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Gold price slides in June The gold price lost steam in June. […]
This Morning in Metals: ArcelorMittal aims to make Sestao zero-carbon-emissions steel plant
This morning in metals news: ArcelorMittal said it plans to make its Sestao plant zero carbon emissions; meanwhile, the Producer Price Index for final demand increased by 1.0% in June; and, lastly, U.S. steel prices continue to rise. You want more MetalMiner on your terms. Sign up for weekly email updates here. ArcelorMittal announces aim […]
Questions arise over how much further China’s steel price rally can last
Shanghai steel futures extended gains to hit an eight-week high on Monday, according to a post on Nasdaq.com. Futures made further gains overnight, according to MetalMiner’s Insights platform. Rebar and hot rolled coil both hit peaks last seen on May 19, when the market last spiked only to crash after dire warnings from Beijing about […]
Raw Steels MMI: Steel prices remain elevated in tight market
The Raw Steels Monthly Metals Index (MMI) rose by 6.6%, as U.S. steel prices continued their rally. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Production, capability utilization rise According to the World Steel Association, global crude steel production […]
Rare Earths MMI: Contract signing establishes emerging US-EU rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) fell 2.7% for the July MMI reading. 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. First shipment establishes new US-EU rare earths supply chain Energy Fuels Inc. and Neo Performance Materials […]
Stainless MMI: ATI, USW reach tentative agreement to end strike
The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing […]