The September Aluminum Monthly Metals Index (MMI) traded sideways this month. The Aluminum MMI index stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices increased in August. However, so far in September, prices have fallen. Aluminum prices are in a sideways trend within the $1970-$2170/mt band. Buying […]
Tag: aluminum price
Russian Sanctions Remain a Threat to Metals Markets
Following Russia’s military intervention in Ukraine in February 2014 — the Ukrainian crisis, as it became known as — a number of countries imposed sanctions on Russia led by the United States and Europe, but supported by many others like Canada, Australia and Japan. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The […]
LME Aluminum Price Continues Downtrend as Commerce Secretary Visits Century Aluminum Plant
Like a sudden and overwhelming springtime rainstorm, aluminum prices, as many are no doubt aware, received a shock in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the news of U.S. sanctions targeting Russian companies and their owners — including Russian aluminum giant Rusal, the second-biggest aluminum producer in the world […]
Aluminum Association Urges Trump Administration to Address Chinese Overcapacity
The Aluminum Association this week sent a letter to the Trump administration urging it to address Chinese overcapacity, as U.S. and Chinese officials are set to resume talks Wednesday and Thursday aimed at allaying trade tensions. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The trade group sent the letter to Treasury […]
Tariffs Lift Prices But Capacity Utilization Remains an Issue
Even if U.S. steelmakers have been slow to add capacity following President Trump’s tariff protection, it would seem foreign steel makers are willing to commit to domestic U.S. production. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Financial Times this week reported on the announcement by BlueScope Steel, Australia’s biggest […]
Russian Aluminum Giant Rusal Feels the Pain of Sanctions Crunch
The spike in aluminum prices this quarter, caused by the initial announcement of sanctions on Oleg Deripaska and his investments, is an issue anyone in the aluminum sector will be only too well aware of. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Prices spiked in days and were associated with a number […]
Aluminum MMI: LME Prices Fall Toward Support Level
The August Aluminum Monthly Metals Index (MMI) fell two points last month. The current Aluminum MMI index now stands at 93 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell in July. However, the rate of the declines has slowed. Price changes do not appear to be sharp and […]
Automotive MMI: Fiat Chrysler Sales Up in Overall Down Month For Automakers
The Automotive Monthly Metals Index (MMI) retraced four points, hitting 99 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales July was a down month for Ford, which saw its U.S. sales drop 3.1%. Ford car sales were down 27.7% year over year, and 15.7% in […]
Construction MMI: June Spending Falls 1.1% From Previous Month
The Construction Monthly Metals Index (MMI) lost three points this month, hitting 90 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending, Employment According to U.S. Census Bureau data, U.S. construction spending in June fell 1.1% from the previous month. Spending in June hit $1,317.2 billion, […]
Aleris Finds a Buyer in India After Failing to Find an Acquirer in China
China Zhongwang Holdings failed to close a deal to buy Aleris last year after concerns were raised about the national security and corporate responsibility track record of the Chinese group. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Not that we think of Novelis as Indian, but they are. Since 2007, the ex-Alcan […]
