The Copper Monthly Metals Index (MMI) decreased 1.2% for this month’s value, even as the copper demand outlook shows signs of strength. 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 […]
Category: Metal Prices
Aluminum MMI: SHFE, LME trade sideways; India, Europe look to protect domestic industries
This month the Aluminum Monthly Metals Index (MMI) remained flat for this month’s index value, as the SHFE aluminum price and its LME counterpart trended sideways this past month. Do you use cost breakdowns in your aluminum negotiations? See other tips in negotiating with mills and service centers. SHFE, LME prices’ behavior The SHFE aluminum […]
This Morning in Metals: U.S. steel prices continue upward movement
This morning in metals news: U.S. steel prices have made significant gains in recent weeks; exports of liquefied natural gas (LNG) from two key Louisiana export terminals have resumed after Hurricane Laura; the coronavirus pandemic has impacted tin production in Bolivia. Do you use cost breakdowns in your steel negotiations? See other tips in negotiating […]
Renewables/GOES MMI: SVOLT to supply cobalt-free batteries to automaker Great Wall
The Renewables Monthly Metals Index (MMI) posted no movement for this month’s MMI index value, as this month’s report leads with China’s SVOLT providing cobalt-free batteries to automaker Great Wall. (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 […]
Global Precious MMI: Precious metals retrace after Trump’s announcement on stimulus
The Global Precious Monthly Metals Index (MMI) retraced 2.2% for this month’s index reading, as the gold price and the silver price both lost previous gains. 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 […]
Rare Earths MMI: Executive order takes aim at U.S. critical mineral import dependence
The Rare Earths Monthly Metals Index (MMI) posted no movement for this month’s index reading, as President Donald Trump signed an executive order that aims to strengthen the domestic mining industry and mitigate dependence on foreign sources of critical minerals. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
This Morning in Metals: Global alumina production rises in August
This morning in metals news: global alumina production rose 2.7% year over year in August; China’s industrial profits fell through the first eight months of the year; and nickel prices have taken a dive over the last month. Check if your service center is providing you with price transparency for your aluminum spend. Global alumina […]
Construction MMI: August 2020 construction spending up 1.4%
The Construction Monthly Metals Index (MMI) held flat this month, showing no movement from last month’s index value, as August 2020 construction spending picked up from the previous month. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. August 2020 construction spending August 2020 […]
Week in Review: Cleveland-Cliffs’ acquisition; primary aluminum production; Hurricane Laura hits oil output
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: Cleveland-Cliffs’ acquisition of ArcelorMittal USA; a breakdown of the British automotive manufacturing sector’s struggles; the PSA–Fiat Chrysler merger; primary aluminum production; the U.S. steel capacity utilization rate; and Hurricane […]
Primary aluminum production rises 2.6% year over year in August
Global primary aluminum production reached 5.49 million tons in August, flat compared with the previous month, the International Aluminum Institute reported. However, aluminum output increased on a year-over-year basis, rising from the 5.35 million tons produced in August 2019. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five […]