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 […]
Category: Metal Prices
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 […]
This Morning in Metals: Job openings hit record high 9.3 million in April
This morning in metals news: as the U.S. economy reopened, job openings hit a record high in April; meanwhile, steel prices continue to rise; and, lastly, emissions from the electric power sector have declined as it has shifted from coal to natural gas. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
Aluminum MMI: Is a consolidation period ahead for aluminum prices?
The Aluminum Monthly Metals Index (MMI) increased by 0.9% this month, as aluminum prices reached a nine-year high during the first half of the month but later declined. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Aluminum prices The LME aluminum price reached a nine-year high […]
This Morning in Metals: Nucor to acquire insulated metal panels business
This morning in metals news: Nucor Corporation today announced it will acquire Cornerstone Building Brands‘ insulated metal panels business; the oil price approached $70 per barrel to close last week; and the aluminum price has retraced over the last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
Week in Review: Iron ore shows volatility; hot rolled coil prices rise; China relaxes rare earths production quotas
Before we head into the weekend, let’s take a look back at the week that was and the metals news here on MetalMiner, including iron ore volatility, rare earths production quotas in China and much more: We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Week of May […]
This Morning in Metals: Nonfarm payroll employment rises by 559,000
This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric ton. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the […]
European hot rolled coil prices show no sign of slowing, some end-users complain of shortages
Hot rolled coil prices in Western Europe have not slowed their upward trek over the past month. Demand continues to outstrip supply for the flat-rolled product, industry watchers said June 1. “It has everything to do with high demand in Europe and the United States,” one trader told MetalMiner. The MetalMiner Best Practice Library offers […]