Tag: Copper

Copper MMI: New Trends Impacting Sideways Copper Prices in 2025 

Copper MMI: New Trends Impacting Sideways Copper Prices in 2025  Copper Wire

Overall, the Copper Monthly Metals Index (MMI) moved sideways, with a 1.49% rise from August to September. Following roughly two months of declines, the price of copper stabilized during August after they found a bottom on August 8. Prices saw a modest rebound following rate cut cues from the Fed. However, the rally proved short-lived, […]

Copper MMI: Mining Resumption, China Pose Risk to Copper Prices 

Copper MMI: Mining Resumption, China Pose Risk to Copper Prices  Copper Wires

Overall, the Copper Monthly Metals Index (MMI) fell 4.56% from July to August. Aside from a short-lived rise at the start of July, copper prices today remain in a downtrend, with prices falling 5.76% from the previous month. Prices did manage to rebound in August, although not enough to signal a trend reversal. (Follow copper […]

Unlocking Efficiency: The Art of Metal Price Forecasting

Unlocking Efficiency: The Art of Metal Price Forecasting bears and bulls: metals prices

Metal price forecasting is essential for businesses that buy metal, particularly when dealing with commodities like copper, steel, and aluminum. By precisely projecting future metals prices, companies may make educated judgments regarding their purchasing strategy and ensure that they acquire the metals at the most advantageous periods. Companies that understand the importance of metal price […]

Copper Shortage Fears Ignite Once Again as Global Demand Projected to Skyrocket

Copper Shortage Fears Ignite Once Again as Global Demand Projected to Skyrocket copper demand

By now, the world knows that although the current global copper reserves are sufficient to meet demand, extraction continues to lag behind consumption. As a result, many inside and outside the copper market fear there will be a shortage in the coming years.  Predictions say that the annual global demand for copper will increase by […]

Anglo American Rejects £39 Billion Offer from BHP, Citing Regulatory Risks

Anglo American Rejects £39 Billion Offer from BHP, Citing Regulatory Risks BHP

Australian mining multinational BHP recently abandoned its bid for London- and Johannesburg listed Anglo American after the target company rejected the latest offer. “While we believed that our proposal for Anglo American was a compelling opportunity to effectively grow the pie of value for both sets of shareholders, we were unable to reach agreement with […]

Secret Weapon in the ‘Copper War’?

Secret Weapon in the ‘Copper War’? scrap copper

Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer and consumer of refined copper […]

Construction MMI: Sluggish Metal Demand in China Continues to Weigh on Industrial Metal Demand Globally

Construction MMI: Sluggish Metal Demand in China Continues to Weigh on Industrial Metal Demand Globally silhouette-teams-of-business-engineers-looking-for-blueprints-in-2

The Construction MMI (Monthly Metals Index) continued to hold sideways month-over-month, without significant bullish or bearish pressure on industrial metals. Overall, the index saw a slight 2.56% uptick in price action. However, it failed to break out of its 10-month-long sideways price range. Weekly Midwest bar fuel surcharges dropped significantly, which pulled the index down. […]

Automotive MMI: Will EV Demand Hold Copper Prices Up Long-Term?

Automotive MMI: Will EV Demand Hold Copper Prices Up Long-Term? Automotive manufacturing

The Automotive MMI (Monthly Metals Index) continued to rise month-over-month, this time increasing by 3.04%. Aluminum and platinum prices rose significantly, which pulled the index up and provided significant bullish price action. Meanwhile, copper prices also added some bullish sentiment to the index, though not quite as much as in May. Copper prices continue to […]

Stock Market Soars as S&P 500 and NASDAQ Hit Record Highs

Stock Market Soars as S&P 500 and NASDAQ Hit Record Highs Stock Market

With the most recent economic data coming in hot for this month, overall financial markets presented optimistic signals. Amid futures tied to major stock indexes rallying to new highs, markets could see a significant impact on metal prices, including gold and copper prices. The S&P500 closed just over $528, and the NASDAQ composite index closed […]

Copper MMI: Risks to the Copper Price Uptrend

Copper MMI: Risks to the Copper Price Uptrend copper and copper prices

Overall, the Copper Monthly Metals Index (MMI) rose 17.36% from April to May. The copper price uptrend accelerated throughout April. Bullish momentum saw prices surge nearly 14% from the close of March. By April 29, prices pushed past the $10,000 per metric ton mark. They continued to move even higher by mid-May, with an additional […]

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