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 […]
Category: Metal Prices
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 […]
This Morning in Metals: Century Aluminum reports Q1 net loss despite 14% sales jump
This morning in metals news: Century Aluminum released its Q1 financial results; meanwhile, copper prices continue to surge; and natural gas production plummeted during what was a frigid February in the US. The MetalMiner Best Practice Library offers a wealth of knowledge to help buyers stay on top of metals markets. Century Aluminum releases Q1 […]
Week in Review: Another commodities supercycle?; rising battery demand; European hot rolled coil prices
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including whether or not we are in a supercycle, rising EV demand and more: MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and […]
This Morning in Metals: Iron ore prices to remain elevated in 2021
This morning in metals news: MetalMiner’s Stuart Burns weighed in on the outlook for iron ore prices and steel prices throughout the remainder of this year; the unemployment rate was unchanged in April; and the copper price has soared past the $10,000 per metric ton mark. Does your company have a steel buying strategy based […]
Rare Earths MMI: DOE awards rare earths funding; Lynas reports quarterly output
The Rare Earths Monthly Metals Index (MMI) fell by 9.8% for this month’s reading. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Biden’s DOE awards $19M in funding for rare earths, critical minerals production initiatives As MetalMiner contributor Sohrab […]
Hot rolled coil in West Europe moves up, but buyers start to show caution
Western Europe’s hot rolled coil and cold rolled coil prices continued to rise over the past month. High demand from China and rising input prices supported prices, market sources told MetalMiner. Do you know the five best practices of sourcing metals, including steel? Hot rolled coil prices rise Hot rolled coil from European mills have […]
This Morning in Metals: May MMO report; crude oil imports; IEA on critical minerals
This morning in metals news: MetalMiner released its May MMO report earlier this week; US crude oil imports from OPEC are down; and the International Energy Agency issued a report on clean energy and the expected surge in critical mineral demand. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]