Category: Non-ferrous Metals

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern copper prices

By mid-March, copper prices hit their highest level since April 2023. Prices previously found a bottom in early February before strong upside momentum saw them topple previous peaks within their long-term sideways trend. While prices clocked a moderate1.74% month-over-month decline throughout February, they rose 4.12% during the first two weeks of March. Overall, the Copper […]

European Aluminum Industry Faces Existential Threats

European Aluminum Industry Faces Existential Threats EU and chipping containers

The European aluminum manufacturing industry is under attack from two short- and medium-term threats, both of which have the potential to significantly impact aluminum consumers across the region. Threat #1: Potential Russian Aluminum Ban, Aluminum Manufacturing Shortage The first threat is the widely debated possibility of the EU banning Russian aluminum. While the UK has […]

Automotive MMI: Automotive Market Improves, but Bears Show Up for Steel Prices

Automotive MMI: Automotive Market Improves, but Bears Show Up for Steel Prices automotive news

Month-over-month, the Automotive MMI (Monthly Metals Index) dropped by 3.03%. While the automotive market continued to improve overall, bearish pressure on certain steel prices like hot-dipped galvanized steel, ultimately forced the index down. Experts anticipate this bearish pressure to continue impacting both steel prices and automotive manufacturing in the short term. Despite this, the automotive […]

Rare Earths MMI: Is China Moving Down the Rare Earths Totem Poll?

Rare Earths MMI: Is China Moving Down the Rare Earths Totem Poll? China and rare earth magnets

The Rare Earths MMI (Monthly Metals Index) experienced a pretty significant drop month-on-month, falling 24.73%. Save for cerium oxide, all components of the index either fell or moved sideways. Weaker than anticipated downstream demand ended up hitting certain metals related to rare earth magnets particularly hard, causing a plummet in the index. Another significant factor […]

China’s Aluminum Exports to EU Plunge 30% Under Carbon Tariff

China’s Aluminum Exports to EU Plunge 30% Under Carbon Tariff

Earlier this week, the China Nonferrous Metals Industry Association reported a 30% decline in the volume of aluminum products exported from China to the European Union. Aluminum manufacturing analysts quickly pointed out that this most likely resulted from the bloc’s 2023 carbon border tariff. The EU’s Carbon Border Adjustment Mechanism (CBAM) represents a new way […]

Aluminum MMI: Aluminum Prices Sideways After U.S. Smelter Closure

Aluminum MMI: Aluminum Prices Sideways After U.S. Smelter Closure aluminum smelting

Following a 4.7% month-over-month decline during January, aluminum prices fell an additional 1.9% throughout the first half of February. Despite these declines, aluminum prices continued to trade in their long-term sideways range. Meanwhile, the Midwest Premium also remains consolidated, with prices retracing to the downside following a short-lived bounce at the end of January. Overall, […]

Global Precious Metals MMI: Precious Metal Prices Edge Further Down Month-on-Month

Global Precious Metals MMI: Precious Metal Prices Edge Further Down Month-on-Month Precious metals and investments

After almost a year of sideways movement, the Global Precious Metals MMI (Monthly Metals Index) broke its trend, declining by 4.71%. Despite the break in sideways movement for precious metal prices as a whole, most individual commodities still lack strong bullish or bearish movement as they move through Q1. Most gold and other precious metals […]

Renewables/GOES MMI: The “Dirty” Business of Disposing of Solar Panels

Renewables/GOES MMI: The “Dirty” Business of Disposing of Solar Panels Solar Panel Waste

Numerous factors continue to pull at the Renewables MMI (Monthly Metals Index) as it moves through Q1. This past month, the index largely moved sideways, only exhibiting a slight upward movement of 1.66%. Meanwhile, renewable energy news indicated that metals like cobalt and silicon could remain in oversupply for some time. Moreover, expanding mining operations […]

Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms

Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms China Aluminum

Copper prices today remain trapped in a sideways range. Prices lack enough bearish or bullish momentum to establish a strong trend in either direction. Prices declined during the first weeks of January, falling to their lowest level since November. However, they rebounded in the second half of the month. This brought them a mere 0.52% […]

Automotive MMI: Hot-Dipped Galvanized Prices Flatten, EV Market Moving Too Quickly?

Automotive MMI: Hot-Dipped Galvanized Prices Flatten, EV Market Moving Too Quickly?

All components of the Automotive MMI moved sideways or down month-on-month. Moreover, January saw prices flatten out across the steel market, causing hot-dipped galvanized steel prices to trend close to support zones. Meanwhile, China’s wavering economy continues to prove a concern for global markets because the country is such a large steel demand driver. Many […]

Scroll to Top