Category: Non-ferrous Metals

Aluminum MMI: Aluminum Prices Sideways as Premiums Remain Bearish

Aluminum MMI: Aluminum Prices Sideways as Premiums Remain Bearish aluminum: raw aluminum manufacturing.

Although they fell 4.29% throughout October, aluminum prices remain trapped within a sideways trend established back in July. Prices retraced from their late-September spike but failed to create a lower low. Therefore, they continue to move within a tight range. Overall, the Aluminum Monthly Metals Index (MMI) remained sideways, with a modest 0.72% decline from […]

Construction MMI: Index Remains Sideways, U.S. Construction Industry Jobs Up

Construction MMI: Index Remains Sideways, U.S. Construction Industry Jobs Up construction and infrastructure market trends

The Construction MMI (Monthly Metals Index) continued to lack strong bullish or bearish pressure month-over-month. Overall, the index only dropped by a minuscule 0.13%. Still, many factors remain at play in the construction industry, which seems to be behind the index components’ steady sideways trends. With the winter months coming, infrastructure construction will likely slow […]

Rare Earths MMI: Rare Earth Prices Cool Down

Rare Earths MMI: Rare Earth Prices Cool Down

The Rare Earths MMI (Monthly Metals Index) recently began to cool down following two months of bullish momentum. Altogether, the index dropped by about 3.39%. Many components of the index traded sideways, while some others, like praseodymium neodymium oxide, declined. That said, the index still holds the potential to move back up in the remainder […]

Gold Prices Hover Near Psychological Range of U.S. $2,000

Gold Prices Hover Near Psychological Range of U.S. $2,000

For decades, gold has remained the best-performing asset class, providing double-digit returns for investors. True to form, gold demand this quarter remains above the long-term average as precious metal prices continue to move in response to global events. According to the World Gold Council (WGC), gold buying by central banks also continues at a scorching […]

Precious Metal Prices: Gold, Silver Remain Safe Haven Assets Amid Global Uncertainty

Precious Metal Prices: Gold, Silver Remain Safe Haven Assets Amid Global Uncertainty precious metals prices

This week, precious metals once again served as safe-haven assets for investors and market participants. That said, some precious metal prices, including platinum, continued to slide due to bearish pressure followed by falling demand. While the world continues to monitor the conflict in the Middle East, metals such as gold and silver have seen an […]

Cobalt Crash: The Cobalt Price Index Hits Record Low Amid “Perfect Storm”

Cobalt Crash: The Cobalt Price Index Hits Record Low Amid “Perfect Storm”

Analysts once hailed cobalt as a commodity whose price would rise forever. Used in the cathodes of many lithium-ion batteries to extend the life of the battery cell, investors and mine operators eagerly anticipated high returns on all cobalt investments. However, cobalt prices recently dropped to record lows amid global oversupply and a widespread slowdown […]

Renewables/GOES MMI: Index Goes Up, Lithium-Ion Battery Dilemmas

Renewables/GOES MMI: Index Goes Up, Lithium-Ion Battery Dilemmas

The Renewables MMI (Monthly Metals Index) saw a welcome boost month-on-month, rising 6.27%. Grain-oriented electrical steel, silicon, and neodymium were the main factors that increased the index, while the lithium-ion battery market remains a point of contention. In the case of silicon, futures initially rose back in June due to production cuts within China, the […]

Groundwater Pumping at South Crofty Cornish Mining to Begin in October

Groundwater Pumping at South Crofty Cornish Mining to Begin in October cornish mining

For years, the tin price index in Europe depended largely on foreign supply. However, Vancouver-headquartered Cornish Mining plans to start pumping out groundwater from its South Crofty tin project as early as October. The firm is currently preparing its mine water treatment plant, which can treat up to 25,000 cubic meters of water per day […]

Rare Earths MMI: Burmese Mining Suspension Causes Prices for Rare Earth to Shoot Up

Rare Earths MMI: Burmese Mining Suspension Causes Prices for Rare Earth to Shoot Up rare earth mining for rare earth magnets

The Rare Earths MMI (Monthly Metals Index) witnessed yet another steep increase month-over-month. Indeed, supply disruptions remain a massive concern in the rare earths industry, so rare earth magnets and other materials witnessed renewed bullish strength across the board over recent months. In August, market worries arose prior to a planned environmental inspection of China’s […]

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again Copper price

It’s safe to say that the copper price index witnessed an interesting 2023 thus far. Indeed, the market’s been volatile, so there were more than the usual ups and downs. Mid-year, prices registered a major tumble because of the fumble in China’s economy. However, soon after, they began clawing back to a respectable level. Prices […]

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