Whether we agree with the rationale or not, the carbon footprint of everyday materials like steel and aluminum is becoming an increasingly important component of consumers’ purchasing decisions. In the US, some states — like California — have mandated purchasing departments for state projects to report the carbon footprint or CO2 content of the products […]
Category: Metal Prices
Renewables/GOES MMI: Electricity consumption set to bounce back up in 2021
The Renewables Monthly Metals Index (MMI) dipped by 1.3% for this month’s reading, as the Energy Information Administration forecasts a jump in US electricity consumption this year. (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 […]
Week in Review: US steel capacity utilization; European steel; copper market shift
Before we head into the weekend, let’s take a look back at the week that was and 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 in Review, April 5-9 (steel capacity utilization, […]
Rising aluminum physical delivery premiums — feature of a tight market
In a recent webinar MetalMiner ran for key clients, we posed a question regarding the recent rise of aluminum physical delivery premiums: what was behind rises and would they last? Physical delivery premiums are a significant cost to consumers. It can be a cost that is hard to hedge except for large consumers with access […]
Rare Earths MMI: Greenland party opposed to rare earths mine project wins election
The Rare Earths Monthly Metals Index (MMI) fell by 1.9% for this month’s reading, as the Greenland elections this week could have significant ramifications for a rare earths project in the country. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying […]
This Morning in Metals: Court of International Trade rules in favor of plaintiff contesting Section 232 derivatives duties
This morning in metals news: the US Court of International Trade issued a Section 232-related ruling; General Motors announced the manufacturing locations of its first-ever Chevrolet Silverado electric pickup and GMC Hummer EV SUV; and, lastly, top copper producer Chile closed borders. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to […]
Strong Copper Demand, But Products See Shift
The copper market saw a near doubling in prices over the last year. Copper fell to an LME low in March 2020 of $4,371 per metric ton. Fast forward to this year, however, and it closed at $8,764 prior to this past weekend. But anyone following the copper market will know that even that price […]
Construction MMI: February 2021 construction spending dips, pending home sales also down
The Construction Monthly Metals Index (MMI) ticked up 1.0% for this month’s reading, as US construction spending dipped in February. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US construction spending Construction spending in February reached a seasonally adjusted annual […]
Automotive MMI: Automakers race ahead to strong Q1 2021 auto sales
The Automotive Monthly Metals Index (MMI) rose by 2.5% for this month’s reading, as Q1 2021 auto sales surged. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US automotive sales The first quarter is in the rear-view mirror. General […]
Week in Review: Steel imports; April 2021 MMO; Suez Canal aftermath
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 the Suez Canal blockage, the April 2021 MMO, Western European hot rolled coil prices and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
