The Global Precious Monthly Metals Index (MMI) gained 1.5% for this month’s index value, as the gold price has lost some of its gains from the summer. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Gold price gains MetalMiner’s Stuart Burns recently checked in on the gold price and […]
Category: Metal Prices
This Morning in Metals: MetalMiner December Annual Outlook update is out
This morning in metals news: the MetalMiner December update to the Annual Outlook report is now out; the U.S. steel capacity utilization rate fell to 70.9% for the week ended Dec. 12; and Alcoa last month announced plans to sell its rolling mill business. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing […]
Rare Earths MMI: European Raw Materials Alliance aims to strengthen rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) surged 26.9% for this month’s reading. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021 — including expected average prices, support and […]
Gold has surged during the pandemic, but what does 2021 look like?
The gold price has been on the rise during the pandemic this year. As infections rise, vaccines loom on the horizon and economies gradually recover, what do we expect from the gold price in 2021? Gold price bulls The bulls are predicting a resurgence in the price to U.S. $2,300 per troy ounce in 2021. […]
Week in Review: Industrial metals recovery; U.S. Steel to acquire Big River Steel; iron ore heats up
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 industrial metals bouncing back, iron ore’s roaring 2020 and much more: Week of Dec. 7-11 (industrial metals, iron ore and more) Stuart Burns overviews industrial metals trends this year and looks […]
Construction MMI: U.S. construction spending rises 3.7% year over year
The Construction Monthly Metals Index (MMI) rose 4.9% for this month’s index value, as U.S. construction spending showed recent gains. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. U.S. construction spending U.S. construction spending in October 2020 reached a seasonally adjusted annual rate of $1,438.50 billion, the Census Bureau […]
Stainless MMI: Producers wary to ramp up capacity
The Stainless Monthly Metals Index (MMI) increased by 3.8% for this month’s index value. 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. U.S. producers wary to ramp up capacity Demand from automotive and white goods manufacturers has been strong in the […]
Automotive MMI: Ford returns to monthly sales reporting
The Automotive Monthly Metals Index (MMI) gained 9.6% for this month’s index value, as U.S. auto sales continue to show resilience. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. U.S. auto sales General Motors switched from monthly to quarterly sales reporting in 2018; Ford followed suit […]
This Morning in Metals: ArcelorMittal completes sale of ArcelorMittal USA to Cleveland-Cliffs
This morning in metals news: ArcelorMittal officially completed the sale of ArcelorMittal USA to Cleveland-Cliffs; the Energy Information Administration (EIA) projects energy-related carbon dioxide emissions to fall this year; and the copper price continues its long-term rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. […]
Aluminum performing strongly on China data
China is going through a purple patch at the moment, particularly the Chinese aluminum sector. An early and strong rebound from Q1 lockdowns and significant stimulus investment that has made its way into property and infrastructure activity have boosted demand for all the base metals. However, aluminum has arguably seen the biggest benefit. Sign up […]