European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently vowed that it would respond […]
Category: Non-ferrous Metals
Stainless MMI: Stainless Market Remains Slow Despite Tariffs
The Stainless Monthly Metals Index (MMI) remained sideways, but continued to slide. Overall, the index fell by 0.72% from January to February as nickel prices remained consolidated. Bearish Conditions Continue to Haunt 304 Stainless The chaos of tariffs was seemingly lost on large portions of the stainless steel market. For many, the return of a […]
Construction MMI: Tariff Talk: What Should the Construction Industry Expect?
The Construction MMI (Monthly Metals Index) held its sideways trend, budging down a slight 1.35%. Meanwhile, the U.S. construction industry faces a complex landscape shaped by recent policy changes, Trump tariffs and other economic factors. Tariffs and Their Effect on Construction Materials Steel remains a fundamental component of modern construction, playing a crucial role in […]
Copper MMI: Copper Prices Up as Comex Premium Advances
The Copper Monthly Metals Index (MMI) held sideways, although the upside bias appeared to accelerate. In total, the index rose 1.64% from January to February, supported by rising U.S. copper prices. Keep up with the latest tariff news impacting copper prices. Subscribe to MetalMiner’s free weekly newsletter. Copper Prices Bullish as Exchange Delta Grows Traders […]
Trade War Starts Between World’s Two Leading Economies
The so-called “Trump Tariffs” imposed by U.S. President Donald Trump caused uncertainty in the global metals market earlier in the week. Though he did pause imposing tariffs on goods from Mexico and Canada for one month, there could still me plenty more chaos down the road. The current tariffs include a 25% levy on goods […]
Aluminum’s Paradox: Prices Hold Strong Despite Global Economic Slump
GDP growth in China and the United States, the world’s two largest aluminum consumers, has slowed for months. Meanwhile, Europe and Japan continued to struggle with stagnant growth for much of 2024. Though still fluctuating within a range, aluminum prices have pushed toward the top in recent weeks. For this reason, many consumers continue to […]
Greenland Is Not for Sale—but Could It Become America’s Strategic Partner?
According to media reports, President-elect Trump’s allies in The House of Representatives have proposed a bill dubbed “‘Make Greenland Great Again.” The proposed bill aims to hurry up the negotiation process with Denmark (Greenland is abundant with rare earths), following Trump’s repeated remarks about “buying” the island. If passed, it will pave the way for […]
Aluminum Divide: Experts Clash Over EU’s Proposed Sanctions on Russian Metal
For now, the aluminum sector seems divided on the impact that a proposed new ban on Russian aluminum exports by the European Commission may have on the global supply chain. It is an important question, especially as aluminum prices remain locked in a sideways trend. However, price did experience a slight upsurge at the news. […]
Trump’s Push for Greenland Sparks Arctic Power Struggle
Soon-to-be-sworn-in U.S. President Donald Trump has not been shy about his interest in “purchasing” Greenland, and it is possible rare earths are a big reason why. However, Trump is not the first President to consider adopting the northern landmass, which is currently an autonomous region under the Kingdom of Denmark. It remains to be seen […]
Copper MMI: LME, CME Copper Prices Bifurcate as Traders Bet on U.S. Tariffs
The Copper Monthly Metals Index (MMI) trended sideways overall, with a modest 0.65% decline from December to January. Meanwhile, the price of copper continues to react to new U.S. leadership and potential changes in trade policy. Traders Bet on Higher U.S. Copper Prices Ahead of President Trump’s inauguration, Comex copper prices started to break out […]