The Global Precious Monthly Metals Index (MMI) dipped 0.7% for this month’s index value, as gold prices have continued to slide. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Gold price dips below $1,700/oz Amid economic uncertainty and turbulence, many turn to traditional safe-haven assets like […]
Category: Metal Prices
Rare Earths MMI: Lynas reports half-year results; executive order eyes rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) rose by 10.6% 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. Lynas Rare Earths reports half-year results Australia’s Lynas Rare Earths Ltd., the largest rare earths firm outside […]
Week in Review: Steel capacity; February US auto sales; OPEC meets
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, which this week includes coverage of steel capacity utilization, the latest OPEC ministerial meeting and much more. Overall, most base metals seem to be retracing from a late February peak. […]
What goes up must (eventually) come down — does the old saying apply to nickel prices?
Up to this week, the nickel bull story had been roaring along. Talk of metal shortages and runaway electric vehicle (EV) and hybrid battery demand have supported that story. But one announcement has seen that bull run hit a brick wall. Nickel bull story slows News that China’s Tsingshan Holding Group has signed a one-year […]
This Morning in Metals: DOC finds dumping, subsidization of common alloy aluminum sheet
This morning in metals news: the Department of Commerce said imports of common alloy aluminum sheet from 18 countries are being dumped and benefiting from subsidies; Federal Reserve Governor Lael Brainard this week commented on the US’s economic outlook; and the copper price has retraced somewhat over the last week. DOC makes common alloy aluminum […]
Construction MMI: Construction spending rises as billings remain down
The Construction Monthly Metals Index (MMI) rose by 3.2% this month, as January 2021 construction spending picked up. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Construction spending US construction spending in January reached a seasonally adjusted annual rate of $1,521.5 […]
This Morning in Metals: March 2021 MMO report is out
This morning in metals news: the March 2021 Monthly Metal Outlook (MMO) report is out; meanwhile, annual natural gas production declined in 2020; and, finally, pending home sales declined in January. Find more insight on MetalMiner’s LinkedIn. March 2021 MMO report Every first of the month, MetalMiner publishes its Monthly Metal Outlook forecast report, available […]
US steel capacity utilization ticks up to 77.2%
US steel mills churned out metal at a steel capacity utilization rate of 77.2% for the week ending Feb. 27, the American Iron and Steel Institute (AISI) reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. Steel capacity utilization gains Last week’s rate […]
European aluminum market under duress
There is not a lot of chatter in the press about this yet, but speak to producers and consumers and you will hear plenty of complaints about the European aluminum market. Both flat rolled and extruded products are facing serious supply issues. However, whether they will be short-lived or prove more persistent is not yet […]
Week in Review: Copper price strength; January auto sales; securing supply chains
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 coverage of the copper price, how the Biden administration will handle the former Trump administration’s metals tariffs and much more. The MetalMiner Best Practice Library offers a wealth of […]
