Global bauxite and aluminum prices have surged to a five-month high this month, driven by economic growth, growing supply concerns, a dip in the value of the U.S. dollar and the “China factor.” Currently, analysts predict that prices could rise further from current levels. Aluminum prices are currently about 18% higher year-on-year. Even aluminum futures […]
Category: Non-ferrous Metals
Global Precious Metals MMI: Precious Metals Prices Surge Pre-Election, Dip, Then Rebound
The Global Precious Metals MMI (Monthly Metals Index) witnessed considerable bullish sentiment once again. Month-over-month, the index rose 6.48%. After the election, precious metals prices quickly responded to the outcome and the expected policy directions of the new Trump administration. While the index had been rising in the prior two months, prices began to decline […]
Construction MMI: The Fed November Interest Rate Cut Gives Construction Industry a Boost
The Construction MMI (Monthly Metals Index) managed to break out of its sideways trend, moving up by 6.73%. Construction news indicates that the market could see more bullish sentiment if the Fed continues its dovish stance on interest rates, dropping them steadily (get weekly updates on macroeconomic news impacting your metal buy with our weekly […]
Aluminum MMI: End of China Rebates, Alumina Supply Support Aluminum Prices
The Aluminum Monthly Metals Index (MMI) steadied, with a 1.38% rise from October to November. Aluminum prices moved sideways during October. While they only managed a 0.99% rise, aluminum still managed to outperform other base metals during the month. However, prices started to slip by mid-November as they echoed the increasingly bearish trend emerging in […]
Automotive MMI: Automotive Industry Could Face Headwinds from Germany and Incoming Tariffs
The November Automotive MMI (Monthly Metals Index) found slightly more upward momentum than the prior month. While the index remained sideways, price action rose by 2.33%. That said, the US automotive market could witness headwinds from a combination of factors. First, Donald Trump`s win in the US election could mean incoming tariffs that will impact […]
Copper MMI: Copper Prices Sideways After Trump Election
Overall, the Copper Monthly Metals Index (MMI) retraced to the downside, with a 3.56% decline from October to November. After outperforming the base metal category last month, Comex (CME) copper prices found a peak on October 3. This was followed by a modest retracement that saw copper prices fall 5.21% from the close of September. Despite […]
Renewables MMI: Mixed Market Signals & Policy Changes Potentially Incoming
The Renewables MMI (Monthly Metals Index) held firmly sideways, shifting down a mere 0.06%. With the incoming Trump administration, it is possible the renewable energy sector could witness market shifts in the upcoming year. The Biden Administration prioritized the expansion of renewable energy systems, including more specific projects like electric vehicles. However, the Trump Administration […]
Stainless MMI: Falling Stainless Prices Drag Suppliers
Overall, the Stainless Monthly Metals Index (MMI) accelerated declines from the previous month, with a 3.45% drop from October to November. Following a slight increase during September, nickel prices returned bearish. Prices fell 8.72% throughout October before they found a bottom at the close of the month, making them the worst-performing base metal. Crush your […]
Myanmar’s Rare Earth Mines Seized by Rebels, Setting Stage for Global Price Spikes
“People are running around the world looking for rare earth elements.” This one sentence in the South China Morning Post, quoting James Chin, Professor of Asian Studies at the University of Tasmania, sums up the current rare earths situation well. Chin’s comment is even more true following the recent supply disruptions in Myanmar, which caused […]
Rare Earths MMI: Market Unstable With Multiple Supply Chain Disruptions. Are the Bulls Coming?
The Rare Earths MMI (Monthly Metals Index) saw its upward price action slow as prices experienced only a slight uptick of 0.38%. While upward price action for rare earths did lose steam month-over-month, prices could soon witness another bullish boost. Not only did China’s rare earth export ban go into effect as of October 1, […]