It would seem Beijing only has to speak and the market reacts — this time, it’s about base metals. Worried by what it sees as excessive inflation in commodity prices, which it fears will lead through into factory gate increases, China warned speculators last month over “excessive speculation.” The warning from China’s National Food and […]
Category: Metal Prices
This Morning in Metals: US consumed record amount of renewable energy in 2020
This morning in metals news: the U.S. consumed a record amount of renewable energy in 2020; U.S. housing starts jumped in May; and the copper price has been on the decline since peaking last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each […]
Stainless MMI: Stainless steel demand expected to keep increasing
The Stainless Monthly Metals Index (MMI) increased by 4.3% for this month’s reading, as stainless steel demand is likely to continue to grow in the years ahead. Do you know the five best practices of sourcing metals, including stainless steel? Increasing stainless steel production, demand According to International Stainless Steel Forum (ISSF) data, stainless steel […]
Copper MMI: Copper price cools in second half of May after reaching all-time high
The Copper Monthly Metals Index (MMI) increased by 7.8% for this month’s reading, as the copper price remains high but dipped below the $10,000/mt level. 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. Copper prices retrace On May […]
Raw Steels MMI: Chinese steel prices correct, US prices continue to rise
The Raw Steels Monthly Metals Index (MMI) rose by 0.8% as U.S. steel prices continued to pick up but Chinese prices corrected. 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. Chinese steel prices drop Since April 2020, Chinese […]
Week in Review: Interest in Liberty Steel’s French assets; automotive sales power ahead; China coal target dampens smelter investment
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, including steel sector news, the Biden administration’s release of a 250-page supply chain report and much more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to […]
Global Precious MMI: Gold price bounces back in May as dollar moves sideways
The Global Precious Monthly Metals Index (MMI) rose by 1.3% for this month’s reading, as the gold price rose to around $1,900 per ounce. 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. Gold price picks up to close […]
As China targets 2030 for peak coal use, aluminum output could also peak
China’s steel and aluminum market is undergoing a quiet revolution. It’s not a revolution of investment or innovation. 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. Peak aluminum, steel in China? According to Reuters, Beijing’s target of peak […]
Rare Earths MMI: US to consider launching Section 232 probe for neodymium magnets
The Rare Earths Monthly Metals Index (MMI) fell by 19.6% this month, as China has loosened rare earths production quotas and the Biden administration could possibly launch a Section 232 investigation for neodymium magnets. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and […]
Construction MMI: Architecture Billings Index rises for third straight month
The Construction Monthly Metals Index (MMI) held flat for this month’s reading. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. US construction spending ticks up in April U.S. construction spending reached a seasonally adjusted […]