The Renewable MMI (Monthly Metals Index) slowed in terms of bearish price action, moving sideways and dropping 2.66%. Meanwhile, cobalt prices suffered another huge price drop, mainly due to weak demand and oversupply pulling the index down more than up. According to renewable energy news sources, the market could experience more metal price volatility due […]
Category: Non-ferrous Metals
Global Precious Metals MMI: Precious Metals Prices to Experience More Volatility
The Global Precious Metals MMI (Monthly Metals Index) held its four-month long sideways trend month-over-month. All in all, the index narrowly missed trading flat, only budging down 0.18%. However, numerous factors continue to pull at precious metals prices in general. Gold, for one, appeared to finally be settling down after reaching record highs earlier in […]
Aluminum MMI: Aluminum Prices Sideways Following U.S. Tariffs
Overall, the Aluminum Monthly Metals Index (MMI) retraced, with a 4.67% decline from June to July. Aluminum prices continued to decline before finding a bottom in mid-June at their lowest level since mid-April. Overall, this reflected a 6.86% drop from June to July. Prices began to move sideways in mid-June, although the bias remains to […]
Construction MMI: Base Metals Stabilize, but Construction Costs Still Elevated
The Construction MMI (Monthly Metals Index) held true to its year-long sideways trend, only budging down 1.07%. While base metals prices in the construction market remain fairly stable, construction projects overall still continue to battle with elevated rates. This is especially true in the private sector. However, the market continues to push through more than […]
Automotive MMI: Automakers Hit the Brakes on Electric Vehicle Investments
Month over month, the Automotive MMI (Monthly Metals Index) failed to break very far outside of its year-long sideways trend. All in all, the index dropped by 4.23% Numerous factors tugged the index down month-over-month, including slowing electric vehicle production. Another pressing matter putting pressure on the automotive market is China implementing further restrictions on […]
Copper MMI: Copper Prices Bounce On Market Optimism, Chinese Premium
Overall, the Copper Monthly Metals Index (MMI) fell 6.66% from June to July. Following a nearly 5% decline throughout June, copper prices found an at least temporary bottom at the end of the month. Prices rose 4.35% during the first week of July as market signals improved. There are numerous factors affecting copper prices today. […]
Global Precious Metals MMI: Long-Term Precious Metal Price Direction Remains Uncertain
The Global Precious Metals MMI (Monthly Metals Index) showed slight upward price action month-over-month, rising by 2.57%. Despite this, the overall trend of the index held sideways. In terms of specific precious metal prices, platinum and silver experienced upward price action through May before retreating back into range at the beginning of June. This served […]
Stainless MMI: Stainless Demand Slow, NAS Determines New Ferrochrome Pricing
Overall, the Stainless Monthly Metals Index (MMI) rose 3.89% from May to June. The nickel price mirrored other base metals, finding a peak on May 20 before inverting to the downside. By the close of June 20, nickel prices had fallen over 19%, returning to their lowest level since early April. That said, they remain […]
Aluminum MMI: Aluminum Prices Drop As Investment Funds Pull Back
Overall, the Aluminum Monthly Metals Index (MMI) rose 4.09% from May to June. Aluminum prices outperformed all other base metals throughout May, with a 5.28% rise. Prices found a peak at their highest level since June 2022 on May 29 before losing all of May’s gains during the first three weeks of June. MetalMiner’s Annual […]
Renewables/GOES MMI: Despite Slight GOES Supply Gut, U.S. Still Lacks Enough Transformers for Renewable Energy
The Renewables MMI (Monthly Metals Index) witnessed more notable declines month-over-month than last month’s MMI, declining by 7.09%. Renewable energy news sources indicate there exists a number of renewable energy projects within the U.S. currently ready to begin work, but are on hold due to an array of factors. Furthermore, solar and wind fields still […]
