The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are […]
Category: Metal Prices
Copper MMI: Copper price stabilizes in March
The Copper Monthly Metals Index (MMI) fell by 2.8% for this month’s reading. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled […]
Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes
The Stainless Monthly Metals Index (MMI) dropped by 10.4% for this month’s reading, as the ATI strike continues into its third week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues The United Steelworkers union’s strike at nine Allegheny Technologies Inc. (ATI) facilities continues into its third week […]
Green steel on its way to an auto or other consumer product near you
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 […]
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 […]