Copper prices have risen relentlessly from $4,371 per ton in March last year to over $10,450/ton now. Stories of a new supercycle put out by the likes of Goldman Sachs may have helped. However, so have massive imports by China over the last year. Reuters reports physical purchases by China, both commercial and state, hit […]
Category: Metal Prices
Week in Review: Copper price surges; USW-ATI standoff continues; iron ore booms
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. In addition, our May 2021 Monthly Metals Index (MMI) PDF is now available for download. The PDF summary includes an executive summary, trends chart and portions of each MMI article […]
Stainless MMI: ATI strike continues into seventh week
The Stainless Monthly Metals Index (MMI) increased by 7.0% for this month’s reading, as the ATI strike entered its seventh week this week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues In late March, the United Steelworkers union announced a strike at nine Allegheny Technologies Inc. (ATI) facilities. […]
Raw Steels MMI: Steel prices continue to skyrocket in April, early May
The Raw Steels Monthly Metals Index (MMI) picked up 9.0% for this month’s reading, as steel prices continued ascending this past month. 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 steel prices continue to […]
This Morning in Metals: Aluminum producer Novelis touts ‘outstanding’ quarter
This morning in metals news: aluminum roller and recycler Novelis announced its quarterly financial results; meanwhile, the United States International Trade Commission voted Tuesday on anti-dumping duties for prestressed concrete steel wire strand; and, lastly, the Consumer Price Index rose by 0.8% in April. The MetalMiner Best Practice Library offers a wealth of knowledge and […]
Aluminum MMI: Physical delivery premium continues to rise
The Aluminum Monthly Metals Index (MMI) jumped 7.7% for this month’s reading, as the aluminum physical delivery premium continues to rise. Do you know the five best practices of sourcing metals including aluminum? Delivery premium continues to rise The US Midwest Premium, like just about everything else these days, continued to inch upward in recent weeks. […]
Copper MMI: Copper price soars to record high amid tightness, dollar’s slide
The Copper Monthly Metals Index (MMI) surged by 10.6% for this month’s reading, as the copper price has soared to a record high. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. Copper prices reach record highs Last month, MetalMiner’s Stuart Burns dissected various views on […]
This Morning in Metals: US steel capacity utilization dips to 78.1%
This morning in metals news: US steel capacity utilization fell to 78.1% last week; meanwhile, a cyberattack halted operations of a major US pipeline on Friday; and, lastly, US steel prices continue to surge. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets […]
Renewables/GOES MMI: Cobalt prices surge as EV demand grows
The Renewables Monthly Metals Index (MMI) traded flat for this month’s reading, as cobalt prices have surged so far 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 buyers stay on top of metals […]
Silver Prices are the Loser in Green Investments
The green agenda has lifted prices across the metals sector. To what extent it has driven physical demand rather than sentiment-driven investor activity — in the form of exchange-traded fund (ETF) buying, stockpiling or exchange position building — is debatable. It’s more of the latter than the former, we would suggest, as the main physical […]