This past week’s metals news covered everything from silver price movements to the copper price rise’s slowdown to the reimposition of tariffs on some Canadian aluminum. We also broke down President Donald Trump’s recent proclamation with respect to reimposing the Section 232 tariff on some Canadian aluminum. MetalMiner’s Stuart Burns delved into the concern expressed […]
Category: Metal Prices
Global Precious MMI: Gold, silver prices surge then retrace
The Global Precious Monthly Metals Index (MMI) surged 9% for this month’s MMI value. You want more MetalMiner on your terms. Choose how often you hear from us – weekly, monthly, or quarterly – by signing up for email updates here. Surging gold price The gold price recently soared to an all-time high. The gold price […]
This Morning in Metals: Pressure rises on Thyssenkrupp’s steel business
This morning in metals news: Thyssenkrupp’s steel unit is facing heavy losses this year; zinc prices have gained despite elevated stocks; and copper dipped Thursday. Thyssenkrupp faces major losses Thyssenkrupp, which last year left Germany’s DAX index, faces a potential 1 billion euros in losses this year, Reuters reported. Earlier this year, the German firm […]
This Morning in Metals: Last call to sign up for the MetalMiner 2021 Forecasting Workshop
This morning in metals news: MetalMiner’s 2021 Forecasting Workshop is tomorrow; steel shipments from U.S. mills dropped 22% in June; and the European Steel Association outlined the impact of the COVID-19 pandemic on the European steel sector. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates now. Last chance to […]
Is silver pausing for a breather or has the market topped?
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 […]
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 […]