The Raw Steels Monthly Metals Index (MMI) increased by 4.3% for this month’s value. Does your company have a steel buying strategy based on current steel price trends? U.S. steel prices start increasing HRC prices increased by over 5.4% throughout August, closing at $486/st. During the first two weeks of September, the price rallied up […]
Category: Metal Prices
Renewables/GOES MMI: China aims to strengthen cobalt stockpile
The Renewables Monthly Metals Index (MMI) gained 4.2% for this month’s MMI value, as China’s cobalt stockpile leads this month’s report. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. China looks to […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
Copper MMI: Copper prices pick up, aided by strong Chinese demand, supply fears
The Copper Monthly Metals Index (MMI) increased 5.1% for this month’s value, as copper prices continue to pick up globally. LME copper prices increased throughout August, trading over $6,500/mt the last few weeks of the month. SHFE prices also increased during the same period, as local demand remained strong and refined production tightened. Want an […]
Aluminum MMI: SHFE, LME arbitrage influenced by weaker U.S. dollar
The Aluminum Monthly Metals Index (MMI) increased by 2.4% for this month’s MMI value. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign up today. SHFE, LME arbitrage LME and SHFE aluminum prices traded sideways this past month. The LME price […]
Week in Review: Rising copper price; RARE Act; MetalMiner 2021 Annual Outlook
It was another action-packed week in the world of metals, including coverage from Stuart Burns on the rising copper price, developments in the rare earths sector and the release of the MetalMiner 2021 Annual Outlook report. The 2021 Annual Outlook is an invaluable resource for metals buyers preparing to set their spend for the year […]
MetalMiner 2021 Annual Outlook report breaks down the year ahead
This is a crucial time of year in the world of metals: contracting season. It also means it’s time for something else: the MetalMiner 2021 Annual Outlook report. This past year has been marked by volatility, a situation that is not likely to change over the coming year. For industrial metal buying organizations, that means […]
Copper is outperforming other metals
A fair part of the bull story for copper this year has been supply-side fears. The world’s largest mines are in South America, which has suffered from catastrophic levels of coronavirus infections. True, China’s recovery has played a role in the booster’s case. So have the role of copper in the growing electric vehicle (EV) […]
This Morning in Metals: India to limit copper, aluminum imports
This morning in metals news: India is looking to curb its imports of copper and aluminum; Rio Tinto and Turquoise Hill reached a financing agreement for the Oyu Tolgoi underground mine project; and Germany’s steel industry needs state aid. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. India targets […]
U.S. steel sector capacity utilization rate rises two percentage points
After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior […]