This month the Aluminum Monthly Metals Index (MMI) rose by 3.5%, as the aluminum price made gains in October. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five best practices. Aluminum prices and demand increase The LME aluminum price reached a 17-month high on Oct. 16 at $1,863.50/mt. […]
Tag: Aluminum
This Morning in Metals: Steel capacity utilization rate reaches 70.4%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ended Oct. 31 jumped to 70.4%; Cleveland-Cliffs said the Trump administration will take action under Section 232 vis-a-vis imports of laminations and imported grain-oriented electrical steel (GOES); and, finally, the LME three-month primary aluminum price picked up to start the […]
This Morning in Metals: Aluminum price retraces below $1,800/mt
This morning in metals news: The aluminum price retraced this week General Iron is building a new metal shredding home in Chicago Finally, the United States Geological Survey (USGS) reported estimates on undiscovered Gulf Coast Basin oil reserves The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Aluminum can market fizzes amid struggle to meet surging demand
Aerospace may be down, automotive is coming back, albeit going through immense change from internal combustion engine (ICE) to electric vehicles (EVs), but one sector of the aluminum market that is brewing up a storm is the aluminum can market. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our […]
China is leading the metals rebound
A relatively swift exit from pandemic lockdowns and the impact of stimulus-led infrastructure investment have powered China’s metals rebound. Furthermore, the Shanghai Futures Exchange has continued its summer disconnect from the London Metal Exchange aluminum price, which started in April of this year. The resulting arbitrage window has sucked in imports of aluminum primary and […]
Aluminum MMI: SHFE, LME trade sideways; India, Europe look to protect domestic industries
This month the Aluminum Monthly Metals Index (MMI) remained flat for this month’s index value, as the SHFE aluminum price and its LME counterpart trended sideways this past month. Do you use cost breakdowns in your aluminum negotiations? See other tips in negotiating with mills and service centers. SHFE, LME prices’ behavior The SHFE aluminum […]
Amid rising metals export profile, could India be the next China?
No, we don’t mean that much-vaunted but still distant dream of India becoming a second China economically — the disparity expands rather than contracts with time — but rather could India become a pariah state after China in terms of feeling the pain of anti-dumping duties, quotas, and tariffs (particularly with respect to Indian metal […]
MetalMiner models shed light on the challenge of determining what products ‘should cost’
How much should your metals buy cost? It’s a simple question that doesn’t always have a simple answer — or, at the very least, an answer that’s easy to get. MetalMiner’s “should-cost” models aim to cut through the confusion and give buyers concrete ideas of what the products they’re buying should be costing them. The […]
India takes steps to restrict copper, aluminum imports
FurAccording to the Indian Financial Express, the country is intending to take a leaf out of the European Union’s book and introducing an import surveillance scheme for aluminum and copper imports. Does your company have an aluminum buying strategy based on current aluminum price trends? India’s rising copper, aluminum imports Like the E.U.’s scheme, the […]
Aluminum MMI: SHFE, LME arbitrage influenced by weaker U.S. dollar
The Aluminum Monthly Metals Index (MMI) increased by 2.4% for this month’s MMI value. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign up today. SHFE, LME arbitrage LME and SHFE aluminum prices traded sideways this past month. The LME price […]
