The Copper Monthly Metals Index (MMI) moved sideways, with the overall copper price falling 2.0% from October to November. While volatility remains a risk, copper prices traded in a tight range throughout October. In general, prices traded just above the low found in late September. Copper was also among multiple base metals who’s prices move […]
Tag: copper MMI
Copper MMI: LME copper prices rise while maintaining a sideways pattern
The Copper Monthly Metals Index (MMI) rose by 3.5% month over month, as copper prices have continued to trade sideways. Copper prices continued to trade within a sideways range. This costs industrial buyers purchasing opportunities due to the overall risk of holding inventory in the event of sudden, volatile price fluctuations. Traders, however, took advantage […]
Copper MMI: Copper prices remain stable after Russian invasion but jump in early March
The Copper Monthly Metals Index (MMI) rose 1.7% month over month, as copper prices remained range-bound in the immediate aftermath of Russia’s invasion of Ukraine. However, copper prices have jumped to start March. Copper prices remained significantly unaffected by the conflict between Russia and Ukraine. From a mining perspective, more copper supply is scheduled to […]
Copper MMI: Sideways trend persists, Fed fosters bearish sentiment
The Copper Monthly Metals Index (MMI) rose 0.8% for this month’s reading. Copper prices continue to trade sideways within a big time frame, a resistance and support channel. While prices have consolidated within the channel, there are certain points of interest marked as key levels that would indicate a macro bullish continuation or macro reversal […]
Copper MMI: Copper prices consolidate after October spike
The Copper Monthly Metals Index (MMI) held flat for this month’s reading. After the mid-October spike, copper prices have begun to consolidate. Any bullish technical patterns are at risk of invalidation, as prices appear to trade consistently lower. Additionally, its failure to break out of any bullish structures within smaller time frames suggests a weakness […]
Copper MMI: Tight copper market sees high prices
The Copper Monthly Metals Index (MMI) rose by 3.5% for this month’s reading. Copper had a phenomenal rally since 2020 that saw LME prices ascend nearly 132% to $10,720/mt in May 2021. Since the summer of 2021, however, price action indicates some consolidation after prices tested the $10,250/mt mark earlier in October. From a technical […]
Copper MMI: Copper demand doubts affect prices
The Copper Monthly Metals Index (MMI) fell 1.7%, as the copper demand picture could be set to weaken and the LME three-month and China primary cash prices fell month over month. Want MetalMiner directly in your inbox? Sign up for weekly updates now. The Fed effect and Congress delays As the Federal Reserve prepares to […]
Copper MMI: Copper prices continue to decline
The Copper Monthly Metals Index (MMI) decreased by 3.4% in August, as forms of the metal included in the index dropped (with the exception of Chinese copper scrap). We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Copper prices trend downward Similarly to the index, LME copper prices […]
Copper MMI: Copper prices consolidate
The Copper Monthly Metals Index (MMI) decreased by 7.3% for this month’s reading, as copper prices declined. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper stock Since the beginning of the year, there have been concerns over copper […]
Copper MMI: Copper price cools in second half of May after reaching all-time high
The Copper Monthly Metals Index (MMI) increased by 7.8% for this month’s reading, as the copper price remains high but dipped below the $10,000/mt level. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Copper prices retrace On May […]
