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 the copper price, oil price gains and steel imports: The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental […]
Category: Metal Prices
Renewables/GOES MMI: Lynas records quarterly jump in neodymium-praseodymium output
The Renewables Monthly Metals Index (MMI) rose 2.0% for this month’s index value, as Lynas Corporation reported a rise in neodymium-praseodymium output during the most recent quarter. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a […]
Global Precious MMI: Gold price posts largest single-day loss in seven years
The Global Precious Monthly Metals Index (MMI) fell 2.2% for this month’s index reading, even as the gold price surged in late October. 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 […]
This Morning in Metals: U.S. steel imports down 22% through October
This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the second half of October. Want more from MetalMiner? We offer exclusive analyst […]
Stainless MMI: Top producer South Africa proposes chrome export tax
The Stainless Monthly Metals Index (MMI) increased by 5.3% for this month’s index value, as this month we touch on Chinese stainless production, South Africa’s proposed chrome export tax and more. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Chinese stainless steel market The […]
Rare Earths MMI: China legislature passes export control law
The Rare Earths Monthly Metals Index (MMI) held flat once again this month. 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 […]
China’s steel trade is returning to form as import-export balance recalibrates
We wrote last month how China’s rapid recovery from the COVID-19 pandemic resulted in the country importing semi-finished products for which it previously had been self-reliant or even a net exporter for the last decade. Some steel products and primary aluminum swung into becoming significant net inflows for the economy during the summer months. But […]
Raw Steel MMI: U.S. steel prices continue uptrend
The Raw Steels Monthly Metals Index (MMI) increased by 5.4% this month, as U.S. steel prices continued to rise last month. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! U.S. and Chinese prices relation U.S. steel prices continued to increase in […]
Aluminum MMI: Aluminum prices continue to receive support
This month the Aluminum Monthly Metals Index (MMI) rose by 3.5%, as the aluminum price made gains in October. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five best practices. Aluminum prices and demand increase The LME aluminum price reached a 17-month high on Oct. 16 at $1,863.50/mt. […]
Copper MMI: Copper price reaches 28-month high
The Copper Monthly Metals Index (MMI) increased 1.2% this month, as copper prices surged to a 28-month high in October. Copper price gains Copper prices reached a 28-month high at $6,901.50/mt on Oct. 22. The price has lost support since, potentially due to surging global coronavirus infections and stalled U.S. stimulus negotiations. Copper is a […]