Aluminum prices reacted bearishly in the short term. At the beginning of February, price action showed a short-term sideways trend with no new lows or highs. Indeed, the price of aluminum would need to break out of its current range to form a continuation trend or a reversal downward. However, future price direction currently remains […]
Category: Non-ferrous Metals
Lithium Ion Battery Use Could be “Playing with Fire”
Lithium-ion is having a bad day – or year. In fact, depending on the source, “years” might be more appropriate. Lithium-ion (Li-ion) has powered batteries for portable consumable electronics, electric vehicles (EVs), and other products for over two decades. But now, with Tesla cars and millions of other products using the technology, the potential hazards […]
High Energy Costs: Can Hydro Power Help Alleviate Lower Smelter Output?
Recently, I had the pleasure of interviewing Trond Gjellesvik and Charlie Straface of Hydro. Hydro is a Norwegian company specializing in green energy and low-carbon aluminum products. It is based out of Oslo, but harbors multiple business locations around the globe. I was curious to learn how the company’s efforts correlated with the current price […]
China and Peru Place Drag on Copper Prices
Hopes of a recovery in copper prices seem to have flat-lined since the start of February. The primary reason for this is lukewarm demand from China, one of the world’s biggest copper consumers. This effectively ends the price surge markets saw over the past few months, culminating at the end of January. Initially, the optimism […]
Global Precious Metals MMI: Prices Shift Down, Markets Face Bearish Pressure
The Global Precious Metals MMI (Monthly MetalMiner Index) moved sideways last month, inching down a mere 0.37%. Precious metal prices today are trending sideways in general. However, as a whole, the market appears more bearish than bullish in the short term. Gold, in particular, faces bearish pressure from investors due to its correlation with the […]
Aluminum MMI: Aluminum Prices Pause Following Surge
Aluminum prices have stayed bearish in the short term. At the beginning of February, price action showed a short-term sideways trend, as no new lows or highs formed. This means prices need to break out of their current range to form a continuation trend or a downward reversal. Currently, however, future price direction remains unclear. […]
Copper MMI: Copper Prices Lose Momentum
Copper prices reacted to short-term resistance and rallied at the beginning of the year. That said, copper prices need to break lows and form a lower high to change the overall trend. Currently, the trend is up, and prices are expected to continue rising. Technical support levels should act as a price floor, giving buyers […]
Global Precious Metals MMI: Prices Rally, Downturn Likely
The Global Precious Metals MMI (Monthly MetalMiner Index) traded upwards by 3% as precious metal prices advanced. Gold, silver, and palladium all began a rally coming into 2023. However, that rally has solid potential for both a short and long-term downturn. The surge in the index price was mainly due to silver and gold bullions […]
Aluminum MMI: Aluminum Prices Slide From Early-December Peak
Despite the recent short-term bounce, aluminum prices have not quite reversed to the upside following their long decline from March 2022. Ultimately, the rally between November and December was not strong enough to indicate a reversal. Moreover, bearish pressure continues to dominate the market environment at this time. Instead, prices remain largely indecisive. However, the […]
Copper Price Trends: 2022 Review
Looking at 2022 copper price trends, the market was nearly as volatile as metals like nickel and aluminum. Currently, copper prices are attempting to break prior highs but have yet to get there. As copper taps into short-term resistance levels, the possibility of a pullback in price appears more and more likely. Meanwhile, the copper […]