The Aluminum Monthly Metals Index (MMI) dropped three points once again, falling to 80 this month. Request a 30-minute demo of the MetalMiner Insights platform now. After holding sideways for most of February, LME aluminum prices once again grew weaker later in the month. Prices hit new short-term lows as of early March.
Category: Supply & Demand
First a stock market crash, then an oil price crash as Saudi Arabia, Russia butt heads
The current plunge in the oil price has less to do with the coronavirus than it does with power politics. Oil prices crashed by the most in 29 years Sunday night, The Telegraph reported this morning, as Saudi Arabia announced its deal with OPEC+ to limit production was dead in the water. Instead, the kingdom […]
China logistics face challenges on the heels of coronavirus lockdowns
Manufacturers are increasingly questioning whether their supply chain is likely to be exposed to disruption from the coronavirus outbreak ravaging China. Request a 30-minute demo of the MetalMiner Insights platform now. Even if your company does not source product directly from China, many companies are still predicting supply chain disruption as the raw materials used […]
Week in Review: Oil falls; steel production rises; Jingye nears British Steel takeover
Before we head into the weekend, let’s take a look back at the week that was with some of the metals coverage here on MetalMiner, including: oil prices, global steel production, Chinese steel stocks, U.S. automotive sales and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights […]
Construction MMI: U.S. construction spending jumps 1.8%; housing starts fall 3.6%
The Construction Monthly Metals Index (MMI) dropped four points this month for a March MMI reading of 75. Request a 30-minute demo of the MetalMiner Insights platform now.
China’s steel industry under growing pressure from record inventories
As if the social cost of the coronavirus Covid-19 were not bad enough, some sectors of China’s industrial economy are suffering growing pain despite a supposed return to work last week. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. The property sector, which […]
Week in Review: Tesla’s battery play; supply chains under stress; E.U.-U.K. trade talks
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: Tesla’s struggle between price competitiveness and battery range; supply chains amid the coronavirus outbreak; U.S. industrial production; zinc’s global supply deficit; and E.U.-U.K. trade talks. Looking for […]
ICSG: Copper deficit at 385K tons through first 11 months of 2019
According to the International Copper Study Group, the global copper market was in deficit by approximately 385,000 tons through the first 11 months of 2019. Generate hard savings on your metal buys year-round; trial MetalMiner’s monthly outlook report The LME three-month copper price built some upward momentum in late 2019 and the first two weeks […]
Copper MMI: Uncertain demand after coronavirus outbreak reverses copper price gains
The Copper Monthly Metals Index (MMI) dropped six points this month to 70, a new long-term low, although close in value to October 2019’s reading of 71. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial. LME copper prices rallied as January progressed then dropped […]
Copper buyers call force majeure amid China’s efforts to control coronavirus outbreak
It probably had to happen at some stage. As we wrote recently, it isn’t the coronavirus epidemic as much as the response to it that is causing a collapse in supply chains. Generate hard savings on your metal buys year-round; trial MetalMiner’s monthly outlook report The decision to shut down roads and quarantine cities across […]
