October to December is always an interesting quarter in India, especially regarding gold and silver prices and their associated demand. For several reasons, this October is proving to be a less-than-ideal month for gold dealers around the subcontinent. So far, the gold price trend continues to decline when compared to the previous months. India is […]
Category: Metal Pricing
Metal Price Trends: Tin May Rebound, While Zinc Could Experience Additional Declines
Since the beginning of 2022, tin prices have steadily declined. Indeed, such was the case for many metal prices after the March peak. However, it’s possible tin could see a reversal in the long term. As it begins to reach lower support ranges indicated by September 2020’s low, we could see tin start to push […]
Renewables MMI: Battery Metal Markets Hold Sideways Trend
The October Renewables MMI (Monthly MetalMiner Index) dropped yet again, but by less than in previous months. All in all, prices fell by 3.28%. The demand for battery metals due to the growing EV market largely kept the index afloat. Still recovering from August’s steep drop, Cobalt traded sideways between September 1 and October 1, […]
Rare Earths MMI – Chinese Supply Stifled and “Dirty” Mining
The September Rare Earths MMI (Monthly MetalMiner Index) fell drastically by 9.87%. Alternatives to Chinese Rare Earths In last month’s MMI, MetalMiner reported how nations all around the globe were searching for alternatives to rare earth exports from China. After all, the ongoing Chinese property crisis and limited industrial output continue to strain the country’s […]
Copper MMI: Copper Price Rally Falters
The Copper Monthly Metals Index (MMI) moved sideways from August to September as the index rose 1.13%. Meanwhile, copper prices remain steady. Copper prices began to slide at the beginning of September. This came after they caught a temporary bounce in late summer. Prices then began to break through short-term lows, indicating the potential for further […]
Raw Steels MMI: Steel Prices Decline, Pace Slows
U.S. steel prices continue to search for a bottom, although the pace of declines began to slow as August saw the smallest month-over-month percent decrease since May. Nonetheless, by early September, hot rolled coil prices fell beneath the $800/st mark for the first time since December 2020. Plate prices also trended downward last month, dipping […]
Global Precious Metals MMI: Precious Metals Go Sideways, But For How Long?
The Global Precious Metals MMI (Monthly MetalMiner Index) fell a modest 0.10% this past month. As a whole, global precious metal prices continue to trade sideways. That said, there are still plenty of investors looking to turn paper currency into precious metals over fears of a recession. Indeed, this could prove to be the very […]
Stainless MMI: Nickel Prices Hit Bottom by Mid-July
The Stainless Monthly Metals Index (MMI) dropped 8.87% from June to July. After nickel prices hit a bottom mid-July, they followed the base metal trend upward. By the beginning of August, however, the rebound had faltered, and prices resumed their descent. Both last month’s increases and this month’s declines were extremely narrow. For that reason, […]
Copper MMI: Copper Prices Move Sideways Amid Conflicting Data
The Copper Monthly Metals Index (MMI) dropped 7.33% month over month as components declined across the board. Still, copper prices seem reluctant to pick a direction. In the lead-up to August, copper prices saw notable increases. There were also several bullish indicators of note, including higher short-term highs. In short: after months of declines, prices […]
Renewables/GOES MMI: Renewable Resources and the “Surprise Climate Bill”
The Renewables MMI (Monthly Metals Index) continued its downward trend this month, falling an additional 7.10% between July and August. However, this trend is not likely to continue if the US senate passes the so-called “surprise climate bill.” Were this to happen, it would put fresh focus on renewable resources, likely causing the MMI adopt […]
