This morning in metals news: U.S. Steel offered a bullish view of the steel market in its first-quarter guidance; the Chinese steelmaking city of Tangshan is moving to tackle pollution; and the tin price has bounced back up over the last two weeks. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
Category: Metal Prices
Stainless MMI: Nickel price drops on Tsingshan supply news
The Stainless Monthly Metals Index (MMI) rose by 4.3% for this month’s reading, as news of a supply deal by China’s Tsingshan Holding Group helped push the nickel price downward. Sick of not finding good price indexes for stainless steel? Check out the MetalMiner stainless steel should-cost model — detailed price-per-pound info for grade, form, […]
Raw Steels MMI: As steel price gains slow, could a peak be near?
The Raw Steels Monthly Metals Index (MMI) ticked up 2.0% for this month’s index reading, as the pace of steel price rises has started to slow. Steel price gains appear to slow Steel price rises have continued, much to the chagrin of buyers battling for hard-to-get supply. However, the pace of the price gains has started […]
Week in Review: ArcelorMittal and GFG; copper prices; China’s Five-Year Plan
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of ArcelorMittal, copper prices, China’s latest five-year plan and much more: Week of March 8-12 (ArcelorMittal, China’s Five-Year Plan and more) Australia’s Lynas Rare Earths reported its half-year […]
This Morning in Metals: ArcelorMittal reportedly asks for cash upfront to supply GFG mills
This morning in metals news: amid GFG Alliance’s financial crisis, ArcelorMittal has reportedly asked for cash upfront to supply Sanjeev Gupta’s steel mills; meanwhile, a so-called “green hydrogen” facility in Germany has started operations; and, finally, the LME three-month aluminum price has trended sideways this month. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in […]
Copper MMI: Traders take profits after copper price surges to 10-year high
The Copper Monthly Metals Index (MMI) picked up by 12.6% for this month’s reading, as the copper price surged to a 10-year high last month. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper price rise The copper price […]
Aluminum MMI: China’s latest five-year plan could support aluminum prices
The Aluminum Monthly Metals Index (MMI) picked up 6.3% for this month’s reading, as the China aluminum sector could get a price boost from the 14th Five-Year Plan. Furthermore, the Department of Commerce made anti-dumping and countervailing duty determinations on aluminum sheet. China’s 14th Five-Year Plan By virtue of its having the largest aluminum and […]
Renewables/GOES MMI: Rio Tinto to invest $2.9M toward recovery of tellurium as byproduct of copper smelting
The Renewables Monthly Metals Index (MMI) picked up 4.2% for this month’s MMI reading, as Rio Tinto announced plans to build a new tellurium plant and cobalt prices are surging. (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 […]
Global Precious MMI: Gold retraces as dollar firms, long-term treasury yields rise
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 […]
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 […]