With the growing imperative of a global clean energy transition, many nations face deficits in reserves of mineral resources. In response to this, a significant number of them are turning their focus to the African continent, but that’s old news. For the last year or so, Saudi Arabia has taken major steps beyond its traditional […]
Tag: Copper
Copper MMI: Copper Prices Sideways After Trump Election
Overall, the Copper Monthly Metals Index (MMI) retraced to the downside, with a 3.56% decline from October to November. After outperforming the base metal category last month, Comex (CME) copper prices found a peak on October 3. This was followed by a modest retracement that saw copper prices fall 5.21% from the close of September. Despite […]
China’s Stimulus Sparks Copper Price Surge – Is a Long-Term Rally in Sight?
A glimmer of hope for an economic recovery in China has sent the price of copper soaring following a rekindling of interest from investors. On Monday, both zinc and copper prices hit a four-month high on the London Metal Exchange. In fact, copper prices rose on both the LME and the Shanghai Futures Exchange. Three-month […]
Copper MMI: New Trends Impacting Sideways Copper Prices in 2025
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
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
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
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
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’?
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
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. […]
