Silver’s rise has been meteoric since its low in mid-March. The precious metal’s surge has been particularly notable over the last month. Both gold and silver have benefited from cheap money, a weak dollar and stronger oil prices. The yield on the benchmark 10-year U.S. Treasury note is presently around 0.57%, while the oil price […]
Category: Metal Prices
Rare Earths MMI: Pentagon forges ahead with Lynas, MP Materials projects
The Rare Earths Monthly Metals Index (MMI) posted no change from last month’s MMI reading. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates now. Pentagon moves ahead with rare earths projects After awarding Phase 1 contracts to Lynas Corporation and MP Materials in April, the Department of Defense (DoD) opted […]
Aluminum MMI: Chinese aluminum demand remains strong, imports surge
The aluminum price on the SHFE is outpacing its LME counterpart and Chinese demand for the metal remains strong.
This Morning in Metals: U.S. steel capacity utilization reaches 60.4%
This morning in metals news: The U.S. steel sector posted another incremental increase in capacity utilization. Meanwhile, the Aluminum Association applauded a Department of Commerce decision regarding subsidies of imported aluminum sheet. Lastly, Alcoa criticized the Trump administration’s decision to reimpose the Section 232 aluminum tariff on imports from Canada. Steel sector capacity utilization rises […]
Steel, copper and aluminum prices for 2020-2021: how to budget and forecast
We are only two days away from 2021’s MetalMiner Budget and Forecast Workshop on Thursday, Aug. 13, 2020. Many metal buyers are about to lock themselves into pricing for the next 12 months – in a very, very, very unsteady world. If 2020 has taught us anything, it’s that flexibility is key. Going into negotiations, […]
Copper MMI: Copper prices trend sideways
The Copper Monthly Metals Index (MMI) increased 5.4% for this month’s MMI reading. LME copper prices increased through the first half of July and have traded sideways since mid-July. However, the price remains well above $6,000/mt. Chinese demand remains strong and market sentiment remains positive. Want an occasional email from MetalMiner that highlights new content […]
This Morning in Metals: Trump reimposes 10% tariff on some Canadian aluminum
This morning in metals news: President Donald Trump on Thursday signed a proclamation to reimpose tariffs on some Canadian aluminum; China’s copper imports surged in July; and the Bureau of Labor Statistics released its latest jobs report Friday morning.
Week in Review: Aluminum prices rise; steel capacity gains; Ford CEO to retire
It was another busy week in the world of metals and metal-using sectors. Among this week’s major developments were an executive shakeup at Ford, aluminum prices on the rise in China and a U.S. steel sector seeing capacity utilization gains week by week.
Construction MMI: June construction spending dips 0.7%; ABI makes gains
U.S. construction spending in June rose year over year but fell 0.7% compared with the May spending rate.
Metals forecasting, contracting mechanisms and more: sign up for the MetalMiner 2021 Forecasting Workshop
Metals buyers should always be looking for every possible edge to manage their spend, particularly amid volatile times (like we’ve seen this year). In the MetalMiner 2021 Forecasting Workshop, held virtually this year, attendees will: Hear from MetalMiner experts on short- and long-term metals outlooks Beta test MetalMiner’s should-cost models Gain valuable insights vis-à-vis metals […]
