Tag: Automotive

Automotive MMI: Will Potential Copper Shortages Impact the Automotive Market?

Automotive MMI: Will Potential Copper Shortages Impact the Automotive Market? car copper

The Automotive MMI (Monthly Metals Index) broke out of its nearly 6-month-long sideways trend amid several changes in metals prices. Month-over-month, the index rose 5.24%. Except for shredded scrap steel and palladium, most components of the index either moved up or sideways with slight upward movement. With the recent LME and CME ban on Russian […]

Automotive MMI: Hot-Dipped Galvanized Prices Flatten, EV Market Moving Too Quickly?

Automotive MMI: Hot-Dipped Galvanized Prices Flatten, EV Market Moving Too Quickly? EvChargingSnow

All components of the Automotive MMI moved sideways or down month-on-month. Moreover, January saw prices flatten out across the steel market, causing hot-dipped galvanized steel prices to trend close to support zones. Meanwhile, China’s wavering economy continues to prove a concern for global markets because the country is such a large steel demand driver. Many […]

Automotive MMI: Index Rises & Outlook for 2024

Automotive MMI: Index Rises & Outlook for 2024 Cars colorful

While the index remained sideways for most of 2023, the automotive industry itself witnessed its fair share of shifts. For instance, the UAW strike forced numerous changes on the automotive industry while impacting automobile sales and production to varying degrees. Meanwhile, steel price hikes also caused the overall index to fluctuate and shift. All in […]

Automotive MMI: Consumer Demand Still Up, Sideways Steel Prices Helping Automotive Industry

Automotive MMI: Consumer Demand Still Up, Sideways Steel Prices Helping Automotive Industry robot arm working in car factory

Compared to other metal industries, components of the automotive industry still remain somewhat strong, despite the Automotive MMI (Monthly Metal Index’s) sideways movement over the past seven months. Pent-up consumer demand still runs strong in the industry. However, it still continues to battle high interest rates and falling steel prices due to slumping demand. There […]

Automotive MMI: Automobile Sales Rise, but Falling Steel Demand Impacts Market

Automotive MMI: Automobile Sales Rise, but Falling Steel Demand Impacts Market Cars For Sale Stock Lot Row

The Automotive MMI (Monthly Metals Index) continued its decline in June, this time falling by 3.28%. The aluminum and copper components of the index traded sideways. However, all other parts of the index dropped. Lead prices managed to trend more sideways in June than in May, but weak demand continues to impact lead and steel […]

Automotive MMI: Index Slides, High Car Costs Impede Buyers

Automotive MMI: Index Slides, High Car Costs Impede Buyers adobestock_237714206

The Automotive MMI (Monthly Metals Index) broke its sideways trend this past month, inching down 3.36%. Though all components of the index fell, hot-dipped galvanized steel experienced a particularly noticeable price drop, as did several other steel types.This could indicate a trend reversal. However, consumer purchasing must rise in order for a reversal to happen, […]

Automotive MMI: are Lithium Supplies Threatened by Supply Shortages?

Automotive MMI: are Lithium Supplies Threatened by Supply Shortages? car-part-industry

Similar to the past six months, the Automotive MMI for March was again pulled in multiple directions. Hot dipped galvanized prices rose again, following the same trend as HRC and CRC. However, Chinese lead prices dropped significantly, pulling the index down. This was mainly due to car sales shrinking within China (the world’s top market). […]

Automotive MMI: Interest Rates Move Up, Consumer Demand Moves Down

Automotive MMI: Interest Rates Move Up, Consumer Demand Moves Down Automotive-MMI-December

The Automotive MMI (Monthly MetalMiner Index) finally broke its downward trend and traded sideways, inching up by 2.53%. Meanwhile, myriad factors continue to pressure metal prices. The demand for vehicles among consumers remains strong. However, low inventories throughout most of 2022 placed a huge strain on the index. Without parts, the manufacturing of new vehicles […]

Automotive MMI: Lower Metals Prices and Slumping Supply Dominate the May Market

The Automotive MMI (Monthly Metals Index) experienced a slight decline from May into June. The 30-day price change was roughly -9.55, a -6.52% drop. As with last month, multiple crises impacted the marketplace’s overall health. Among them are an ongoing microchip shortage and COVID-19 lockdowns. Below, we’ll discuss if and when we can expect normalization. […]

Automotive supply chain disruptions ripple out across Europe from Russia-Ukraine war

We naturally focus on metals and energy issues when reviewing the Russian invasion of Ukraine. However, metals and energy are not the only commodities or products Russia and Ukraine export to the world. While neither country dominates any sector, both Russia and Ukraine play a significant enough role in certain sectors for supply chain disruption […]

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