The Aluminum Monthly Metals Index (MMI) rose for the second consecutive month by 8 points to 138. Aluminum prices rebounded after a recent correction in December. Prices have begun to trade sideways. Market sentiment will soon tell whether prices rally past recent highs or see a minor correction. Ukraine-Russia tensions put market in limbo Market […]
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How to Adjust a Purchase Strategy in Volatile Markets
Three phrases have dominated market headlines over the past two weeks. The phrases, ‘buy on the dips’, ‘volatility’ and ‘market correction’ have traders and market watchers all abuzz. This tends to happen when a market goes a little wonky. Most recently, market pundits bantered about these phrases over the S&P 500 market selloff. All of […]
Natural gas markets under extreme duress
Ordinarily, rising oil and natural gas prices serve as positive signs of a recovering global economy. However, the rate and extent of price increases threatens to derail that very recovery. These increases, on top of rising interest rates, rapidly increasing inflation and constrained global supply chains, all continue despite more than a year into the […]
Could we be seeing a re-run of the 2007 nickel market?
Or so asks an interesting post in Reuters last week regarding the nickel market. Back in 2007, nickel stocks had plummeted while prices rocketed. Today, we also have plummeting stocks and a rocketing price. Inventory does not appear as low today as in 2007, yet, nor has the price exceeded $24,000 per metric ton. In […]
Mining follows the trend to re-shore to the USA
We have heard a lot in recent years about re-shoring. Simply, the return of manufacturing capacity wilfully relinquished to China over the last 20 years, back to the USA. Or at least we have heard about near-shoring to lower labor cost partners like Mexico. Few would argue it would be good for the US economy, […]
This Morning in Metals: US steel capacity utilization falls to 83.4%
This morning in metals news: U.S. steel capacity utilization dropped to 83.4% last week; the Associated General Contractors of America weighed in on the passage of the infrastructure bill in the House of Representatives; and, lastly, the aluminum price has continued to slump. MetalMiner has launched a full suite of precious metals as part of […]
This Morning in Metals: Chinese auto sales rise 14.9% month over month
This morning in metals news: Chinese auto sales picked up in September on a month-over-month basis; the Energy Information Administration forecast a significant jump in natural gas prices this winter; and, lastly, U.K. steel manufacturers are asking for government intervention in the ongoing energy crisis. Stay up to date on MetalMiner with weekly updates – […]
Renewables/GOES MMI: Cobalt price drops in Q2
The Renewables Monthly Metals Index (MMI) dipped by 0.8% for this month’s index reading. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Cobalt price falls Earlier […]
September 2020 housing starts surge 11.1% year over year
September 2020 housing starts in the U.S. got a big boost on a year-over-year basis, the Census Bureau and Department of Housing and Urban Development reported. Privately owned housing starts increased 11.1% in September 2020 compared with September 2019. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete […]
India charts its own path through the coronavirus pandemic
The fear, so far largely unfounded, at the start of the pandemic outbreak is that it would be bad for developed economies with well-funded health care systems but disastrous for developing economies with immature or underfunded health care systems. The reality has been much more mixed.
